First Sales First sales of 100 metric tonnes of premium...

First Sales First sales of 100 metric tonnes of premium concentrates, have been made through an established off-take agreement into Europe and consist of a selection of the Company’s product range, based on Flake Size Distribution and Fixed Carbon Grade. Bass Metals Typical Graphite Concentrate Range: Product Class Mesh Size (ASTM E 11-87) Microns Fixed Carbon Grade P3594 + 35 mesh > 500 microns 94% P5094 + 50 mesh > 300 microns 94% P8094 + 80 mesh > 180 microns 94% P10094 + 100 mesh > 150 microns 94% M10094 - 100 mesh < 150 microns 94% The prices achieved represent record pricing for concentrates above those previously sold from Graphmada. The price received for Jumbo Flake concentrates (i.e. P5094) of US$1,700 per metric tonnes Free-On-Board (FOB) highlights the potential of Bass’ product offering and its large proportion of premium larger flake concentrates. Bass has a further 300 metric tonnes of saleable concentrates warehoused at the Port of Toamasina (Tamatave), with production from Graphmada consistently increasing saleable stock inventories. The Company is in the process of making regular ongoing sales from this inventory to provide sustainable cash flow. This significant achievement, of first concentrate sales, marks another milestone in the Company’s progression towards becoming a material producer of industrial mineral concentrates.


US$ 1700/t for 50 mesh, I am pleased with that.