Bass Metals (ASX:BSM) outlines 41pc increase to Graphmada’s mineral resource
SubscribeBe the first with the news that moves the market
Bass Metals (BSM) has recorded a 41 per cent increase to the mineral resource for its Graphmada Mining Complex in Madagascar
The graphite project s resource now sits at 20.2 million tonnes at 4 per cent total graphite carbon for 815,000 tonnes of contained graphite
Bass considers this a key milestone in developing the project into a globally significant large flake graphite supplier
Despite being pleased with the resource upgrade, Bass will undertake further drilling to expand Graphmada s mineral resource once more
Company shares have dropped 7.14 per cent and are trading at 0.7 cents