Madagascar – Independent Metallurgical Operations (IMO) completed the testing and demonstrated that of the total ore sample tested, 48% can be classified into the high value large to super jumbo flake category, at a Total Graphitic Carbon (TGC) grade of >96%.
The testing confirms high value concentrates can be produced from Mahefedok through an optimised flowsheet and sold to existing customers in the United States, Europe and India.
The Mahefedok deposit contains soft, easily mineable large flake mineralisation that incurs low mining costs, over an approximate strike length of 1.8 km.
The company aims to estimate a maiden JORC resource for the Mahefedok deposit, based on approximately 2 500 meters of drilling and resource estimation works to be completed over the next three to six months.
Bass Metals sees post the optimisation of current operations the ability to consistently sell higher value concentrates from Graphmada as key to long term cash flow and value generation for shareholders, as high grade large to super jumbo flake graphite trades at significant market premiums.
“These results are outstanding and key to the long-term ore feed at Graphmada, as the mine has 40-year mining permits in place. Combined with a strong community engagement programme providing a long-term social operating licence and a committed management team at Graphmada, the board is very pleased with the company’s progress since obtaining operational control in August,” says Bass Metals director Jeff Marvin.
“We are seeking the lowest capital intensity pathway to selling higher value concentrates and feel we have significantly progressed this strategy.”