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BASS METALS LTD - ASX: BSM
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Description
Bass Metals Ltd (ASX: BSM) is an Australian base and precious metal production company with a portfolio of high-quality assets in the world-class Mount Read Volcanic mineral belt in northwest Tasmania.
Recent Bass Metals Milestones
- 65% Increase in Ore Reserves at the high grade polymetallic Que River open cut mining project.
- Que River mining operation consistently delivering higher-than-expected tonnes and grade – generating strong cash flow to give a December 31st 2008 closing cash position of $7.8 million.
- Binding agreement to acquire Hellyer Mill, associated infrastructure, tailings resource and Mining Lease from Intec Ltd for $4.0M plus a Processing Royalty of $2.50/tonne processed (capped at $5.0M). The Hellyer Mill alone has an estimated replacement value well in excess of $100 million.
- Inaugural profit delivered in 2008 Financial Year, with NPAT of $1.8 million and earnings per share of 1.8 cents.
- High grade polymetallic resource at Hellyer Mine Project more than doubled to 1.6 million tonnes with announcement of initial resource estimate for Fossey Zone of 830,000 tonnes grading 9.1% zinc, 4.6% lead, 0.3% Cu, 120g/t silver and 2.5g/t gold
- Gold resources totalling over a million ounces at Mt Charter, Hellyer Tailings and Fossey Zones
Mine For
zinc, lead, copper, silver, gold, iron ore, nickel
Location of operation(s)
Tasmania
Address
Level 1, 91 Havelock Street
WEST PERTH, WA, AUSTRALIA
Phone
+61 8 6315 1300
Website
Last Updated
14/09/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
