Bass Metals Ltd

Published : October 05th, 2009

Hellyer Toll Treatment Letter of Intent

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
+ADw-html xmlns:o+AD0AIg-urn:schemas-microsoft-com:office:office+ACI- xmlns:w+AD0AIg-urn:schemas-microsoft-com:office:word+ACI- xmlns+AD0AIg-http://www.w3.org/TR/REC-html40+ACIAPg- +ADw-head+AD4- +ADw-meta http-equiv+AD0-Content-Type content+AD0AIg-text/html+ADs- charset+AD0-utf-7+ACIAPg- +ADw-meta name+AD0-ProgId content+AD0-Word.Document+AD4- +ADw-meta name+AD0-Generator content+AD0AIg-Microsoft Word 11+ACIAPg- +ADw-meta name+AD0-Originator content+AD0AIg-Microsoft Word 11+ACIAPg- +ADw-link rel+AD0-File-List href+AD0AIg-20091005485081+AF8-fichiers/filelist.xml+ACIAPg- +ADwAIQ---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-o:DocumentProperties+AD4- +ADw-o:Author+AD4-mperochain+ADw-/o:Author+AD4- +ADw-o:LastAuthor+AD4-mperochain+ADw-/o:LastAuthor+AD4- +ADw-o:Revision+AD4-2+ADw-/o:Revision+AD4- +ADw-o:TotalTime+AD4-0+ADw-/o:TotalTime+AD4- +ADw-o:Created+AD4-2009-10-30T10:49:00Z+ADw-/o:Created+AD4- +ADw-o:LastSaved+AD4-2009-10-30T10:49:00Z+ADw-/o:LastSaved+AD4- +ADw-o:Pages+AD4-1+ADw-/o:Pages+AD4- +ADw-o:Words+AD4-748+ADw-/o:Words+AD4- +ADw-o:Characters+AD4-4115+ADw-/o:Characters+AD4- +ADw-o:Company+AD4-AMBRE+ADw-/o:Company+AD4- +ADw-o:Lines+AD4-34+ADw-/o:Lines+AD4- +ADw-o:Paragraphs+AD4-9+ADw-/o:Paragraphs+AD4- +ADw-o:CharactersWithSpaces+AD4-4854+ADw-/o:CharactersWithSpaces+AD4- +ADw-o:Version+AD4-11.9999+ADw-/o:Version+AD4- +ADw-/o:DocumentProperties+AD4- +ADw-o:OfficeDocumentSettings+AD4- +ADw-o:RelyOnVML/+AD4- +ADw-o:AllowPNG/+AD4- +ADw-/o:OfficeDocumentSettings+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-w:WordDocument+AD4- +ADw-w:Zoom+AD4-110+ADw-/w:Zoom+AD4- +ADw-w:SpellingState+AD4-Clean+ADw-/w:SpellingState+AD4- +ADw-w:GrammarState+AD4-Clean+ADw-/w:GrammarState+AD4- +ADw-w:HyphenationZone+AD4-21+ADw-/w:HyphenationZone+AD4- +ADw-w:ValidateAgainstSchemas/+AD4- +ADw-w:SaveIfXMLInvalid+AD4-false+ADw-/w:SaveIfXMLInvalid+AD4- +ADw-w:IgnoreMixedContent+AD4-false+ADw-/w:IgnoreMixedContent+AD4- +ADw-w:AlwaysShowPlaceholderText+AD4-false+ADw-/w:AlwaysShowPlaceholderText+AD4- +ADw-/w:WordDocument+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-w:LatentStyles DefLockedState+AD0AIg-false+ACI- LatentStyleCount+AD0AIg-156+ACIAPg- +ADw-/w:LatentStyles+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4- +ADw-style+AD4- +ADwAIQ--- /+ACo- Font Definitions +ACo-/ +AEA-font-face +AHs-font-family:Calibri+ADs- panose-1:2 15 5 2 2 2 4 3 2 4+ADs- mso-font-charset:0+ADs- mso-generic-font-family:swiss+ADs- mso-font-pitch:variable+ADs- mso-font-signature:-1610611985 1073750139 0 0 159 0+ADsAfQ- /+ACo- Style Definitions +ACo-/ p.MsoNormal, li.MsoNormal, div.MsoNormal +AHs-mso-style-parent:+ACIAIgA7- margin:0cm+ADs- margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:12.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- span.SpellE +AHs-mso-style-name:+ACIAIgA7- mso-spl-e:yes+ADsAfQ- span.GramE +AHs-mso-style-name:+ACIAIgA7- mso-gram-e:yes+ADsAfQ- +AEA-page Section1 +AHs-size:595.3pt 841.9pt+ADs- margin:70.85pt 70.85pt 70.85pt 70.85pt+ADs- mso-header-margin:35.4pt+ADs- mso-footer-margin:35.4pt+ADs- mso-paper-source:0+ADsAfQ- div.Section1 +AHs-page:Section1+ADsAfQ- --+AD4- +ADw-/style+AD4- +ADwAIQ---+AFs-if gte mso 10+AF0APg- +ADw-style+AD4- /+ACo- Style Definitions +ACo-/ table.MsoNormalTable +AHs-mso-style-name:+ACI-Tableau Normal+ACIAOw- mso-tstyle-rowband-size:0+ADs- mso-tstyle-colband-size:0+ADs- mso-style-noshow:yes+ADs- mso-style-parent:+ACIAIgA7- mso-padding-alt:0cm 5.4pt 0cm 5.4pt+ADs- mso-para-margin:0cm+ADs- mso-para-margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:10.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-ansi-language:+ACM-0400+ADs- mso-fareast-language:+ACM-0400+ADs- mso-bidi-language:+ACM-0400+ADsAfQ- +ADw-/style+AD4- +ADwAIQBb-endif+AF0---+AD4- +ADw-/head+AD4- +ADw-body lang+AD0-FR link+AD0-blue vlink+AD0-blue style+AD0-'tab-interval:35.4pt'+AD4- +ADw-div class+AD0-Section1+AD4- +ADw-div+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-a name+AD0AIg-OLE+AF8-LINK3+ACIAPgA8-/a+AD4APA-a name+AD0AIg-OLE+AF8-LINK2+ACIAPgA8-/a+AD4APA-span style+AD0-'mso-bookmark:OLE+AF8-LINK3'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:20.0pt+ADs- mso-ansi-language:EN-AU'+AD4-Bass Metals Ltd (ASX+ADw-span class+AD0-GramE+AD4-:BSM+ADw-/span+AD4-)+ADw-/span+AD4APA-/b+AD4APA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:20.0pt+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:14.0pt+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-div style+AD0-'border:solid windowtext 1.0pt+ADs-padding:1.0pt 4.0pt 1.0pt 4.0pt'+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:14.0pt+ADs-mso-ansi-language: EN-AU'+AD4-ASX RELEASE +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-05 October 2009+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:14.0pt+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-span class+AD0-SpellE+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:20.0pt+ADs-mso-ansi-language:EN-AU'+AD4-Hellyer+ADw-/span+AD4APA-/b+AD4APA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:20.0pt+ADs-mso-ansi-language:EN-AU'+AD4- Toll Treatment Letter of Intent+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Bass Metals Ltd (ASX:BSM) is pleased to announce that it has signed a non-binding Letter of Intent (LOI) with Nautilus Minerals Inc for a potential ore toll treatment agreement.+ACY-nbsp+ADs- The toll treat agreement will be between +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- Mill Operations Pty Ltd, a wholly owned subsidiary of Bass Metals and a subsidiary of Nautilus to be specified+ADs- herein referred to as +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4-.+ACY-nbsp+ADs- Nautilus is a TSX and AIM listed mineral exploration company developing resources and technologies to recover seafloor mineral resources off the coast of Papua New Guinea and the eastern Pacific Ocean margin.+ACY-nbsp+ADs- The Company has delineated a seafloor Mineral Resource at its Solwara1 Project containing high grade copper and gold along with silver and zinc.+ACY-nbsp+ADs- This mineralisation has been shown by Nautilus to be amenable to conventional flotation concentration in a plant such as the +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- flotation concentrator owned by Bass Metals.+ACY-nbsp+ADs- The intent of the LOI is for Bass Metals to grant +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- an option to utilise 1 million tonnes per annum (+ADw-span class+AD0-SpellE+AD4-mtpa+ADw-/span+AD4-) of processing capacity and a right for additional unused capacity in its 1.5 +ADw-span class+AD0-SpellE+AD4-mtpa+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- Mill for +ADw-span class+AD0-SpellE+AD4-NewCo?s+ADw-/span+AD4- ore from its Solwara1 sub-sea mining project.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Letter of Intent+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-The LOI sets out a 90 day Discovery Period during which the two companies will complete due diligence regarding the suitability of the +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- Mill and supporting infrastructure to process and transport the ore and the planned concentrate products as well as to identify any potential environmental or logistical issues that may affect the +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- site or nearby communities.+ACY-nbsp+ADs- The Discovery Period will expire on 31December 2009 before which time, subject to no fatal flaws having been +ADw-span class+AD0-GramE+AD4-identified,+ADw-/span+AD4- the LOI will be replaced with an Option Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-The key terms of the LOI include:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-indent:-18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Option Agreement whereby Bass Metals grants +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- an option to utilise up to 1mtpa of processing capacity at the +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- Mill over a period of five years.+ACY-nbsp+ADs- +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- will pay Bass Metals in advance a staged Option Fee comprising +ACQ-1.0 million for the first 2 year period (to 31 December 2011), +ACQ-0.75 million for the 3+ADw-sup+AD4-rd+ADw-/sup+AD4- year and two payments of +ACQ-0.25 million each for years 4 and 5 or until the Option has been exercised by +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-indent:-18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-During the first option period, +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- and Bass Metals will collaborate to complete a technical evaluation of logistics, processing performance, costs and environmental issues to complete a definitive Toll Treatment and Capital Improvements Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-span lang+AD0-EN-AU style+AD0-'font-size:11.0pt+ADs-font-family:Calibri+ADs-mso-fareast-font-family: +ACI-Times New Roman+ACIAOw-mso-bidi-font-family:+ACI-Times New Roman+ACIAOw-mso-ansi-language: EN-AU+ADs-mso-fareast-language:FR+ADs-mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-indent:-18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-NewCo+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- will have access to 1 +ADw-span class+AD0-SpellE+AD4-mtpa+ADw-/span+AD4- (or pro-rata) of the 1.5mtpa nominal processing capacity on giving Bass Metals 6 months? +ADw-span class+AD0-GramE+AD4-notice+ADw-/span+AD4- and also a first right ahead of any other third party ore if additional processing capacity is available.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-indent:-18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-The toll treatment arrangement will be on a fixed cost per tonne basis with an agreed profit margin plus an incentive bonus for superior technical performance.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-indent:-18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Capital costs related to equipment specifically for the +ADw-span class+AD0-SpellE+AD4-Solwara+ADw-/span+AD4- ore will be paid for and owned by +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4-, but leased and operated by Bass Metals.+ACY-nbsp+ADs- Both companies will co-contribute to general capital improvements.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Commentary+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Bass Metals regards this as an interesting opportunity consistent with its desire to fully utilise its +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- assets.+ACY-nbsp+ADs- There are obviously significant technical and +ADw-span class+AD0-GramE+AD4-statutory+ADw-/span+AD4- matters to address but both parties are strongly motivated to fully explore and test this toll treatment concept.+ACY-nbsp+ADs- Whilst Bass Metals may derive an Option Fee in the near term, the main opportunity is to increase the utilisation of the plant which could then reduce per unit operating costs for all ore treated.+ACY-nbsp+ADs- +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- has indicated that this arrangement enables it to focus fully on commissioning its subsea mining operation, whilst generating cash flow, before expending further capital on its own processing facilities.+ACY-nbsp+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-As it will take some time for +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- to be in a position to exercise its option, possibly 2 years, Bass Metals does not believe that this agreement will preclude other commercial options in the short term such as the possible re-start of the +ADw-span class+AD0-SpellE+AD4-Hellyer+ADw-/span+AD4- Tailings Retreatment Project.+ACY-nbsp+ADs- Longer term, +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- is required to provide 6 months? +ADw-span class+AD0-GramE+AD4-notice+ADw-/span+AD4- of its intent to take up its allocated capacity, providing further flexibility for other processing opportunities.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-The management team at Bass Metals is looking forward to collaborating with +ADw-span class+AD0-SpellE+AD4-NewCo+ADw-/span+AD4- to test the viability of this concept and possibly progress it to the technical feasibility and option structure stage.+ACY-nbsp+ADs- I look forward to reporting further on the +ADw-span class+AD0-SpellE+AD4-Company+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4APA-/span+AD4- progress and outcomes in pursuit of its growth objectives in the near term. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4-+ADw-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Yours Sincerely+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Mike +ADw-span class+AD0-SpellE+AD4-Rosenstreich+ADw-/span+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Managing+ADw-b+AD4- +ADw-/b+AD4-Director+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-
Data and Statistics for these countries : Guinea | New Guinea | Papua New Guinea | All
Gold and Silver Prices for these countries : Guinea | New Guinea | Papua New Guinea | All

Bass Metals Ltd

PRODUCER
CODE : BSM.AX
ISIN : AU000000BSM8
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (BSM.AX)
0.305-1.61%
AUSTRALIA
AU$ 0.305
09/29 11:00 -0.010
-1.61%
Prev close Open
0.310 0.310
Low High
0.305 0.315
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.305 -  0.310 -8.96%
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
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 6/16/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20226000.00%
202125.00%0.010.00
2020-33.33%0.010.00
2019-45.45%0.020.01
2018-42.11%0.040.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.42-4.26%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.28-6.82%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.61+1.49%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.11+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.13-11.98%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.44-8.39%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.32+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.95-10.14%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 57.69-8.60%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :