Exploration & Discovery
Exploration to date has targeted graphite in soft rock (regolith), drilled down to a maximum of approximately 50m stopping at hard rock (bedrock). The known hard rock mineralisation remains open and untested at depth. Estimated in accordance with the JORC Code our Mineral Resources are:
|Mineral Resources||Tonnes||TGC %||Contained Graphite|
|Measured||0.4 Mt||4.1%||16 Kt|
|Indicated||4.0 Mt||4.3%||172 Kt|
|Inferred||9.9 Mt||3.9%||386 Kt|
|Total||14.3 Mt||4.0%||574 Kt|
With the recent upgrade and expansion of our Mineral Resources and proven sustainable production and sales, the Company has moved to its next step of development; completion of expansion studies and applying for Large Project Status, integrating large scale mining and processing operations with downstream purification and carbon product manufacture.
Important Information: The Mineral Resources above are reported in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code 2012’) at a >3% cut-off and first released to the ASX 21/06/17 “Maiden Mineral Resource for Mahefedok Deposit” and further updated to the ASX 25/11/19 “Bass increases Mahefedok North graphite resource by 54%. 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 should be made to the Company’s announcement of 2/09/15, for further detail. In addition, Bass continues to materially add to its Mineral Resources – see ASX Announcement ‘Bass delivers outstanding increase in Mineral Resources’ released on the 4/12/19.