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Bass Metals Announces Graphmada Graphite Mine Operational Update

HIGHLIGHTS

• Bass Metals Ltd nearing completion of Stage 1 of the optimisation program: the establishment of 6000 tonnes per annum (tpa) production of premium graphite concentrates at its 100% owned Graphmada Large Flake Graphite Mine.

• Major processing equipment items have now arrived in Madagascar.

• Process Plant civil works are nearing completion, to time with the release from customs of the major equipment items.

• Modular Dryer System (MDS) construction has commenced and is on time and budget, with expected commissioning in November 2017.

• Prices for graphite concentrates in Bass’ intended end markets have improved materially over the last 2 quarters.

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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