Graphmada aiming for commercial production – Bass
PERTH (miningweekly.com) – The share price of ASX-listed Bass Metals jumped on Wednesday after the company announced its move into graphite production.
Bass has completed the recommissioning of the newly refurbished process plant at the Graphmada large flake graphite project, in Madagascar, and is moving the project into the commercial ramp-up phase.
“The company is pleased to deliver the first stage of its long-stated strategy of refurbishing and expanding production at Graphmada, with the aim of establishing positive cash flow for the company,” said CEO Tim McManus.
He noted that with Stage 1 completed, the company would look to expand production from 6 000 t/y to the Stage 2 target of 20 000 t/y, while also aggressively drilling the Millie’s Reward lithium project in the second half of 2018.
“We now look to Stage 2, the expansion to 20 000 t/y and Stage 3, the production of expandable graphite, for which our graphite concentrates are highly suitable,” said McManus.
Bass shares were trading at a high of 3.5c on Wednesday, up from a low of 3.1c a share.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation