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Bass Metals Announces Maiden Resource for Mahefedok Deposit

HIGHLIGHTS

• First pass drilling program delivers Maiden Mineral Resource of 3.5 Mt at 4.2% Total Graphitic Carbon (TGC) at Mahefedok, immediately adjacent to existing Graphmada Mine infrastructure.

• These resources supplement Graphmada’s Indicated and Inferred resources at Loharano of 5.7Mt @ 4.1% TGC2 for supply to existing processing facilities and as a basis for expansion to 20,000 tonnes per annum (tpa).

• Bass has achieved a material expansion of Graphmada’s resource inventory and in parallel progressed its mine refurbishment with the aim to become a mid-tier producer of industrial mineral concentrates.

Bass Metals Limited (ASX:“BSM”) (the “Company”) has delivered on its strategy to materially expand resources at the Graphmada large flake graphite mine, located in eastern Madagascar. This is in parallel with refurbishing the mine to deliver Stage 1 of 6,000tpa of the highest quality graphite concentrates using industry best practices.


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