Ann: Positive Gold Processing Scoping Study Outco, page-21

re: Ann: Positive Gold Processing Scoping Stu... Gettin excited are you ZAZ :))

Glad you found the spreadsheets helpful - And thanks for pulling together some conceptual NPVs.

Lest we forget that BSM is sitting a few other gold resources that "May" soon start factoring into the equations.

http://www.bassmetals.com.au/tasmania_projects__gold.33.html

Tasmania Projects - Gold
Mt Charter Gold-Silver project (100% BSM)

The initial Mt Charter resource of 378,000 ounces gold-equivalent provides for a significant platform from which to continue to grow and develop a Tasmanian gold business. The Company has a pipeline of projects to achieve this.

BSM recognised the gold potential of the Mt Charter area and soon after the Company was listed on the ASX initiated a drilling programme to enable a mineral resource estimate for the Mt Charter Au, Ag, Ba and Zn deposit. The deposit is located approximately 4km south west of the Hellyer deposit and 2km west of the Que River deposit in a similar VHMS style geological setting.