Highlights
• Bass Metals Ltd continues to progress its strategy to optimise the Graphmada graphite mine and establish positive cash flows, while in parallel materially increasing its resource inventory.
• A key component of optimisation; the construction of a new Drying and Packaging Plant is on schedule to deliver a streamlined drying and packaging solution at materially higher output volumes.
• Major equipment items and preferred suppliers have been selected for the Process Plant refurbishment. Post refurbishment Bass is targeting higher revenues from superior concentrates and lower cost production from a 6,000 tonnes per annum run-rate.
• Circa 2,300 meters of shallow resource definition drilling have been completed at the adjacent Mahefedok deposit over a 1.8km strike. Results pending analysis.
• A broad and comprehensive range of process improvements and safety measures implemented in the first six months of mine ownership.
• Bass continues production through increased screening and sales, combined with efforts to diversify and expand its customer base.
Bass Metals Limited (ASX:“BSM”) (the “Company”) is delivering on its aims to optimise and expand its Graphmada graphite mining operations, located in eastern Madagascar, while concurrently expanding resource inventory.
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