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Bass Metals looks to expand graphite resources in Madagascar

Bass Metals Ltd (ASX:BSM) is planning to commence drilling at the Mahefedok deposit near its operating Graphmada Graphite Mine located in eastern Madagascar.
Bass Metals looks to expand graphite resources in Madagascar
Bass Metals Ltd looks to expand graphite resources in Madagascar

The Graphmada mine sold circa 1,500 product tonnes in the 2015 calendar year, with a high proportion of the product being large flake graphite at 94% or greater purity.

The material expansion of the existing large to jumbo flake resource is part of the company’s strategy to realise the considerable potential of the Graphmada Mine.

The Mahefedok deposit has been explored since 2014 and works including geological mapping, ground geophysical surveys, pitting, trenching and sampling has been carried out.

The results of these works provide evidence that the Mahefedok deposit may contain regolith-hosted flake graphite mineralisation over a strike length of 1.8 kilometres.

Bass Metals plans to prepare a resource estimate for the deposit, by conducting 2500 meters of drilling and resource estimation works to be completed over the next 3-6 months.

Tim McManus, chief executive officer, commented:

“We are pleased to be commencing this program, as the company will benefit from these brownfield works through developing a larger asset base for its expansion plans, as well as providing additional long-term ore feed for its current operations.”

“The team at Bass are excited to be undertaking a project of this significance and we look forward to updating the market with the results of our drilling and subsequent resource estimation works.”

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