Additional Information
Market: ASX
Sector: General Mining - Zinc, Lead and Tin
EPIC: BSM
Latest Price: A$0.01  (16.67% Ascending)
52-week High: A$0.29
52-week Low: A$0.01
Market Cap: A$1.54M
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Bass Metals (ASX: BSM) is a growth focused and profitable Australian base and precious metal producer with a portfolio of high quality zinc, lead, copper and gold assets in the rich Mount Read Volcanic mineral belt in northwest Tasmania. Listing in 2005, Bass delivered its maiden profit in 2008 from its profitable base metals production hub at Que River in Tasmania, which has generated $25 million in cash flow over the last two years.

 

The Company also has an active and successful exploration programme and is currently following up on recent discoveries at Switchback and Fossey East which are high-grade and located in close proximity to existing mines and milling infrastructure. Bass has an experienced Board and operating team who have a strong track record of delivering profitable production underpinned by exploration success and are highly motivated to improve on that record.

 

The Company’s growth strategy centres on the development of a ‘pipeline’ of production, near-production and exploration assets in this prolific mineral belt, with strong leverage to a substantial new discovery through its extensive regional ground holding.

Pdf

Bass Metals in a trading halt pending announcement on new exploration results

29th Nov 2010, 4:39 pm

A trading halt has been granted by the ASX to polymetallic miner Bass Metals (ASX: BSM) pending an announcement by the company of new exploration results.

Bass has not yet announced which project the results relate to, but earlier in the month the company reported an increase to the Fossey Ore Reserve and identified a major 3 to 5 million tonne base metal sulphide resource immediately beneath the current Hellyer Mine workings, further increasing mine life at its Hellyer Mine project in North West Tasmania.

The Fossey East discovery has not been included which is currently still being drilled, with the ore reserve tonnage at Fossey increasing by 34% to 1.1 million tonnes.

 

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