"Bass Metals Limited (ASX: “BSM”) (the “Company”) is pleased to announce that it has signed a Sales Agreement for 50% of its forecast Stage 1 flake graphite concentrate production of 6,000 tonnes per annum (tpa).
Possehl Erzkontor GmbH & Co. KG (Possehl), based in Europe, is to purchase 3,000 tpa of graphite concentrates to be produced from the Company’s 100% owned Graphmada Large Flake Graphite Mine, located in Madagascar, for a period of three years from the 1 st of January 2018.
Bass and Possehl will agree on pricing for the Company’s concentrates based on fully transparent end-user demand while linked to CIF port of destination Incoterms 2010. Possehl will earn a 5% commission on all sales through its European distribution network, paying Bass directly on 30-day payment terms, thus minimizing Bass’ sales and logistics costs into Europe, while maximizing the Company’s cash flow efficiency."
Extract from the official announcement, so its 3000tpa.
Sales Agreement (Possehl), page-2
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