Bass Metals Ltd

Published : September 18th, 2015

Bass Metals Ltd Investment Update

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Keywords :   Growth | London | Market |

Bass Metals Ltd Investment Update

18 September 2015

StratMin Global Resources Plc

("StratMin" or the "Company")

Bass Metals Ltd Investment Update

Further to the announcement on 2 September 2015 regarding the investment by ASX-listed Bass Metals Ltd ("Bass") into the Company's subsidiary, Graphmada Mauritius, Stratmin notes the announcement made by Bass today regarding the investment into Graphmada Mauritius and provides the full text of that announcement below:

Green light for acquisition of Graphmada investment

Highlights

Due diligence complete and supports acquisition strategy

Funding options for first tranche commenced

Bass Metals (Bass, ASX: BSM) has successfully completed due diligence of the Madagascan graphite operations with AIM listed Stratmin Global Resources Plc (Stratmin, AIM:STG).
The process brought management teams together to review legal and technical information as well as providing an opportunity to discuss future growth of the projects.
Having satisfied the primary diligence requirements, Bass is now moving immediately to funding of the first tranche of the acquisition; the right to subscribe GBP 500,000 (A$1million).
Initial conversations with investors have indicated keen interest and support of the strategy.
Rick Anthon, Bass Chairman commented: "Completion of the various technical, legal and commercial reviews is an important milestone for Bass in making this investment. Our initial announcement attracted a positive response from the London market and the collaboration between Stratmin and Bass."
Research released last week by London based Allenby Capital Ltd including commentary on the transaction is available at their website below:
http://allenbycapital.com/research.html

The Company looks forward to providing further updates as and when appropriate. For further information please visit www.stratminglobal.com or contact:

Beaufort Securities (Broker)

Jon Belliss

+44 (0) 20 7382 8300

Blytheweigh (Financial PR)

Halimah Hussain / Megan Ray

+44 (0) 20 7138 3204

Read the rest of the article at www.noodls.com

Bass Metals Ltd

PRODUCER
CODE : BSM.AX
ISIN : AU000000BSM8
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Bass Metals is a lead and zinc producing company based in Australia.

Bass Metals produces lead, zinc, copper, gold and silver in Australia, develops copper, gold, lead, silver and zinc in Australia.

Its main asset in production is QUE RIVER MINE in Australia, its main asset in development is HELLYER MINE in Australia and its main exploration properties are WHYTE RIVER, HEAZLEWOOD, STERLING VALLEY, MAGNET JV, LYNCHFORD JV, LEVEN RIVER JV, OONAH JV, MT CHARTER and FARRELL in Australia.

Bass Metals is listed in Australia. Its market capitalisation is AU$ 417.3 millions as of today (US$ 299.4 millions, € 257.9 millions).

Its stock quote reached its highest recent level on February 18, 2011 at AU$ 0.47, and its lowest recent point on June 27, 2014 at AU$ 0.00.

Bass Metals has 1 368 150 016 shares outstanding.

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Nominations of Bass Metals Ltd
8/28/2008Appointment of new Exploration Manager
Project news of Bass Metals Ltd
12/9/2011Commercial Robustness of Hellyer Gold Project
10/20/2011McKay High-Grade Hit
7/28/2010(Hellyer Mine)Positive Gold Processing Scoping Study Outcomes
1/27/2010(Hellyer Mine)to Develop its Second Base Metals Mine in Tasmania
8/18/2009(Hellyer Mine)Updated Fossey Zone Resource
6/23/2009(Hellyer Mine)Hellyer Mine Lease Transfer & Tails Resource Update
2/17/2009(Que River Mine)Que River Drilling Update
2/10/2009(Que River Mine)Que River Ore Reserve Upgrade
2/4/2009(Hellyer Mine)Fossey Zone Drilling Update
12/11/2008(Hellyer Mine)Expands Growth Horizons With Landmark $4m Hellyer Mill Acqui...
11/14/2008(Hellyer Mine)High grade drill intercepts at Fossey Zone
9/30/2008(Hellyer Mine)Fossey Zone Resource - Doubles Hellyer Resources
9/26/2008(Que River Mine)Delivers Maiden $1.8M Net Profit Underpinned by Strong Produ...
9/8/2008(Que River Mine)Hellyer & Que River Mine Update
8/19/2008Further Progress on High-Grade Polymetallic Mineralisation a...
7/1/2008(Hellyer Mine)High grade drill intercepts at Fossey Zone
6/23/2008(Que River Mine)Que River Mine Operations Update
5/2/2008 Fossey Zone - High Grade Drill Intercept
4/17/2008(Hellyer Mine)Hellyer Mine Project- High Grade Drill Intercept
3/10/2008Bass Metals: Fossey Zone, Hellyer - Further High Grade Assay...
2/27/200819 Metre High Grade Intersection at Fossey Zone, Hellyer
2/12/2008 Further High Grade Base Metal Intersections at Fossey Zone
Corporate news of Bass Metals Ltd
5/27/2016Bass Transaction Update
12/4/2015Bass Transaction Update 4 December 2015
9/18/2015Bass Metals Ltd Investment Update
12/29/201330.12.2013 Quarterly Activities Report
10/25/2011MD Interview =e2?? Quarterly and Capital Raising
10/25/2011September Quarterly Report - A Strong Recovery
10/13/2011Open Investor Forums - Brisbane, Sydney, Melbourne, Perth an...
9/15/2011Prospectus and Update Interview
7/20/2011Rebuilding Lost Value
6/15/2010European Investor Roadshow
6/11/2010New Broker Research from Intersuisse
1/29/2010December 2009 Quarterly Report Of Activities & Cashflow
10/5/2009Hellyer Toll Treatment Letter of Intent
9/28/2009Bass poised for strong growth after sharp increase in profit
9/14/2009Reaches Agreement to Extend Que River Ore Sales
7/30/2009June 2009 Quarterly Report
3/11/2009Delivers $4.5M First Half Profit on Strong Que River Perform...
12/24/2008Drilling Update
8/20/2008Iron, Tin & Tungsten - new Joint Venture
7/30/2008June 2008 Quarterly Activities Report
7/17/2008Metal - Hellyer Project Drilling Update - Fossey Zone Strike...
5/15/2008Exploration & Development Update
4/24/2008Stong March Qtly Report
4/24/2008Quarterly Activities Report - March 2008
1/31/2008December 2007 Quarterly Activities Report
12/21/2007Final Update for 2007
11/21/2007Patersons Research Report
6/26/2007Signs Key Que River Off-take Agreement with Zinifex
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AUSTRALIA (BSM.AX)
0.305-1.61%
AUSTRALIA
AU$ 0.305
09/29 11:00 -0.010
-1.61%
Prev close Open
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Year l/h YTD var.
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52 week l/h 52 week var.
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Volume 1 month var.
71,745 -%
24hGold TrendPower© : -37
Produces Copper - Gold - Lead - Silver - Zinc
Develops Copper - Gold - Lead - Silver - Zinc
Explores for Barite - Copper - Gold - Iron - Lead - Nickel - Silver - Zinc
 
 
 
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