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Company News
Millie’s Reward delivers high-grade lithium values for Bass Metals
Bass Metals (ASX: BSM) will soon launch a phase two diamond drilling program at its Millie’s West lithium prospect in central Madagascar following highly encouraging channel sampling results. The mineral concentrates producer today announced that a sampling program at its 100% owned Millie’s Reward lithium project had returned a weighted average intersection of 3.72% lithium […]
Bass Metals achieves first graphite concentrate sales from Graphmada
Bass Metals (ASX: BSM) has announced the first sales of graphite concentrate from its wholly-owned Graphmada large flake graphite mine in Madagascar. This achievement follows the milestone of reaching nameplate production capacity (500 tonnes per month, or 6000 tonnes per annum) at the recommissioned mine a fortnight ago. Bass said it is now in “immediate […]
Bass Metals earmarks lithium targets at Millie’s Reward
Bass Metals (ASX: BSM) continues to report steady progress during its phase 1 field assessment program across eight exploration targets within the highly-prospective Millie’s Reward lithium project in central Madagascar. Four of those exploration targets have already been earmarked as highly-prospective for lithium-bearing pegmatites and may be subject to a drilling program in the second […]
Bass tops up cash to pursue growth at Graphmada and Millie’s Reward
A month after recommissioning its wholly-owned Graphmada graphite mine in Madagascar, Bass Metals (ASX: BSM) will exercise A$4.5 million-worth of options to boost its cash reserves while Graphmada continues ramping up. The cash will also be used to pursue Bass’ growth strategies at Graphmada and Millie’s Reward. Of the A$4.5 million ASX: BSMOB options, A$2.5 […]
Bass Metals recommissions Graphmada graphite mine in Madagascar
Bass Metals (ASX: BSM) has re-joined graphite producer ranks after recommissioning its wholly-owned Graphmada large flake graphite mine in Madagascar following several months of downtime for process plant expansion and refurbishment. Wet commissioning was successfully completed this week with further fine tuning and test work to continue throughout ramp up to optimise recoveries and efficiencies. […]
Bass Metals anchors itself at Graphmada after locking-in 20-year full landholder rights
Graphite miner Bass Metals (ASX: BSM) has cemented its position at its 100%-owned flagship Graphmada large flake graphite project in Madagascar after executing agreements giving it 20-year full landholder rights over the area. The agreement is back-dated to 2016, when Bass Metals first took control of the operation, and will provide the company with ownership security […]
Bass Metals completes due diligence for lithium project, proceeds with acquisition
Bass Metals (ASX: BSM) has completed due diligence of the Millie’s Reward lithium project in Madagascar, and now will proceed with the acquisition, which is expected to be finalised in less than a month. In April, the company announced it had entered an agreement with Ruby-Red Madagascar to acquire the project, which includes two mining […]
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