www.bassmetals.com.au
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.
Bass Metals set to produce zinc concentrate for export at Hellyer
Diversified miner Bass Metals (ASX: BSM) is poised for cash flows from the Hellyer Mine project with the shipment of zinc concentrate from the Port of Burnie.
Bass has now commissioned the filtration circuit to produce zinc concentrate, placing the company in the final phase of the Hellyer development plan.
The first milling campaign of around 25,000 tonnes of ore has been used for commissioning of the mill including filling of float cells, thickeners and stock tanks, as well as concentrate production.
This includes the first shipment of 500 tonnes of zinc concentrate scheduled for ship loading next week.
Mike Rosenstreich, managing director, said “This Mill commissioning has progressed particularly well given that in the late 1980s it took three years to fully commission the Mill on Hellyer ore, in 2006 it took 3 weeks to commission on tailings feedstock and this time it has taken approximately one week to attain steady state throughput and create a marketable product.”
In January 2010, Bass signed a committed off-take contract with leading global multi-metals business, Nyrstar, for all zinc and lead concentrates produced from the current Fossey Mine.
