Ann: Bass Metals Strategic Update, page-7

IMO they are trying to preserve cash/capital in this tough environment while still planning for the future because at this stage it is clear that 4000tpa is not a profitable business. IMO they need to increase production to at least 12.000tpa. 3 times more than current levels. Given this requires capital they are trying to reduce capital intensity of the expansion of the plant and mining ooeratiins (hydraulic mining idea...etc)

"Bass will temporarily pause mining and processing activities during the upcoming monsoon season in Madagascar. Drying, screening and packaging operations will continue over the period and Bass will continue to generaterevenue. Full mining and processing operations are scheduled torecommence in April 2020"