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Bass Metals Announces Graphmada Graphite Mine Operational Update

HIGHLIGHTS

• Bass Metals Ltd continues to progress optimization and refurbishment works at its 100% owned Graphmada Graphite Mine, remaining on track to deliver Stage 1: the establishment of 6000tpa production of premium graphite concentrates.

• Final payment made for major equipment items, which are now in the process of being packaged and shipped to Madagascar.

• Process Plant civil works have progressed according to plan, with the staged install of equipment underway, with new flotation cells in place ready for alignment.

• Significant upgrade of civils equipment and capability has been achieved to assist with refurbishment program, as well as future expansion activities.

Bass Metals Limited (ASX:“BSM”) (the “Company”) is pleased to provide an update on its optimization and refurbishment of the Graphmada Graphite Mine, located in Madagascar.

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