https://www.miningweekly.com

Bass reaching for nameplate capacity at Graphmada

17th July 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Graphite miner Bass Metals is expected to reach its Stage 1 nameplate capacity of 500 t/m at its Graphmada project, in Madagascar, by the end of the first quarter of 2019.

The company said on Tuesday that the production of premium graphite concentrate has steadily increased, with Bass now consistently producing larger than 40% large flake graphite concentrates above 94% fixed carbon.

“We have achieved our main commissioning milestones and our focus is now on achieving the desired run-rate, which we are well advanced to do,” said Bass CEO Tim McManus.

“This, combined with the exciting market dynamics of large flake undersupply and high growth demand, A$5-million in cash and receivables, and zero debt, sees Bass in a strong position ahead of its first sales this quarter.”

With the sale of product from the recommissioned and reconfigured Graphmada plant starting shortly, Bass was hoping to be cash flow positive by the second quarter of the financial year.

The company said on Tuesday that in addition to existing sales arrangements for Europe, Bass has also received considerable interest from Asia, India and North America regarding sales of Graphmada concentrates.

The company said that it has also received meaningful interest and enquiry regarding the sale of its intended Stage 2 production.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION