Bass Metals Ltd. (ASX:BSM) is an emerging producer of industrial mineral concentrates, approaching the key strategic milestone of profitable production at its flagship asset; the operating Graphmada Large Flake Graphite Mine in eastern Madagascar.

Loharano Deposit

Loharano is an established operation with shallow, low cost mining. Like all of Graphmada’s deposits the graphite at Loharano is extremely pure (up to 99% carbon) and occurs in the form of disseminated graphite flakes within the weathered (regolith) zone and within the underlying Proterozoic gneissic host rock.
Loharano Mineral Resources are 5.7Mt @ 4.1% Total Graphitic Carbon (TGC). 

Loharano Mineral Resources are reported in accordance with the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code 2004) at a >2% cut-off and first disclosed by Stratmin Global Resource PLC under the JORC Code 2004. Bass Metals notes that the estimates have not been updated to JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Reference is made to the Company’s announcement of 2 September 2015, for further detail.