Bass grows Madagascar graphite resource

BASS Metals believes it has taken another step towards its goal of becoming a globally significant graphite producer by increasing its resource in Madagascar to 20 million tonnes.
Bass grows Madagascar graphite resource Bass grows Madagascar graphite resource Bass grows Madagascar graphite resource Bass grows Madagascar graphite resource Bass grows Madagascar graphite resource

Bass in Madagascar

Staff Reporter

The mineral resource at Graphmada increased 41% to 20.2 million tonnes of large flake graphite at 4% total graphitic carbon. 

Other initial drilling has discovered outcropping graphite at surface, with Bass looking at a potential strike zone of 4.5km. 

In 2019 the company announced an exploration target of 86-146Mt. 

Bass said it remains "committed to its aim of establishing a large mineral resource at Graphmada to facilitate progress of large scale mining and processing studies currently being undertaken". 

Shares in Bass were down 14% to 0.6c in early afternoon trading, capitalising the company at $24 million.