Ann: Bass to commence drilling at adjacent Mahefedok deposit-BSM.AX, page-7

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Highlights • Bass Metals to commence drilling at its Mahefedok large flake graphite deposit as part of its strategy to realise considerable value at its recently acquired Graphmada Large Flake Graphite Mine. • Material expansion of resource inventory key component of value creation at producing Graphmada Mine. • 2,500 meters of shallow drilling to be completed over a 1.8km strike and in direct proximity to current processing facilities. • Drilling contractor engaged and mobilising to site.

“We are pleased to be commencing this program, as the Company will benefit from these brownfield works through developing a larger asset base for its expansion plans, as well as providing additional long-term ore feed for its current operations.” “The team at Bass are excited to be undertaking a project of this significance and we look forward to updating the market with the results of our drilling and subsequent resource estimation works.”

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