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Bass Metals Announces Due Diligence Completion for Potential High-Grade Lithium Project

Highlights

• Bass Metals Ltd has completed a successful due diligence of Millie’s Reward, a potentially high grade, pegmatite hosted, lithium project located in Madagascar.

• Technical work has confirmed outcropping pegmatites with significant spodumene mineralisation, with grades up to 7.08% Li2O and additional samples returning 6.93% AND 6.91% Li2O, correlating with historic data for both grade and location.

• Commercial work has confirmed all necessary approvals are in place and vendor ownership is in good standing.

Bass Metals Limited (ASX:“BSM”) (the “Company”) is pleased to announce it has completed its due diligence in order to proceed with the acquisition of the potentially high-grade spodumene hosted lithium project: Millie’s Reward (the “Project”), located in Madagascar. The acquisition is planned to be finalised within one month, unless an event occurs before the completion of the transaction which is materially averse to Bass, there are no other conditions precedent to the transaction proceeding.


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