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 pre-open pending Hellyer Mine project update

3rd Jun 2011, 3:27 am

Bass Metals (ASX: BSM) has been granted a trading halt by the ASX, with the company's shares placed in pre-open.

Bass Metals requested the halt 'pending the release of an announcement regarding an operational matter at the Hellyer Mine project.'

The trading halt will last until the earlier of the commencement of trade on Tuesday 7 June, or when the announcement is made.

The Hellyer Mine project has planned annual production estimates of; zinc concentrate 55,000tpa, lead concentrate 27,000tpa and copper / silver concentrate 5,000tpa.

Bass customers comprise Nyrstar & LN Metals.

 

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