Ann: Bass continues Growth in sales and export of Graphite, page-3

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1ASX Announcement 1 April 2019Bass continues growth in sales and exports of Graphite concentrateBass Metals Limited (ASX: “BSM”) (the “Company”) is pleased to provide an update on its sales activities at its 100% wholly owned Graphmada Large Flake Graphite Mine, located in Madagascar.HIGHLIGHTS•In March2019Bass completed a majorsale for the supply of 362mt of concentrates to anexisting customerat an average saleprice of US$658/mt ($A 940/mt)for predominantly sub 94% Fixed Carbon (FC) concentrates. •Bass has now sold the majority of itsexisting inventory with only approximately 400mt of current inventory remaining unsold as at 29thMarch 2019.•For the March 2019QuarterBasssold andshipped 734mt (up from 119mt last quarter) and is on target tosignificantly increase salesin the next quarter•At the end of March 2019, Bass has presold over 730mt of concentrate already with the majority of stock produced and ready to be exported in April 2019•During the quarter,Basssecured a forward sale for its JumboFlake ConcentrateProductwith an initial shipment soldfor US$1700/mt FOB. •Bass continuesto experiencestrong demandfor its higher priced, superior large and jumboflake concentrates