Strong March Qtly Report

Dear all

Today Bass Metals released to the ASX what I regard as a very strong quarterly report from both a production and exploration perspective. The key points of the report are:

Que River Mine
• No LTI’s or environmental incidents.
• Record quarterly mine production and ore sales.
• Revenues for the quarter of $3.95 million equivalent to $282/tonne sold.
• Operating costs of $108/tonne mined.
• Total cash costs of $187/tonne mined.
• Que River is cash-flow positive.

Exploration Activities
Hellyer Mine project (HMP) – core exploration focus
• Fossey Zone yields further significant intercepts, including:
- 19 metres at 7.2% Zn, 3.5% Pb, 0.3% Cu, 65 g/t Ag & 2.1 g/t Au
- 21.4 metres at 17.3% Zn, 8.3% Pb, 0.7% Cu, 231 g/t Ag & 3.4 g/t Au
• Mineralisation now defined over at least 100 metre strike extent.
• Drilling to be accelerated with a second rig to commence in nearly May.

Regional Exploration
With the obvious focus on the advanced projects we do continue to “hunt for elephants in elephant country” as shown during the Quarter by:
• drilling on 2 regional prospects – over 300 metres of diamond core;
• soil sampling and griding on 4 properties;
• completion of a major 2,700 line km airborne geophysics programme over 5 licence areas testing early stage targets; and,
• new EL application for a prospective tin area, highly regarded by MRT geoscientists and includes historic workings.

Kind regards

Mike Rosenstreich

For further information visit our website www.bassmetals.com.au
To view the complete announcement as a printable PDF click here
To download Adobe Reader Version 6 click here

Please refer any queries to:
Mike Rosenstreich,Managing Director
Telephone: +61 8 9322 8044 Fax: +61 8 9481 2846
Email: admin@bassmetals.com.au

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Bass Metals Ltd

	PRODUCTEUR
	CODE : BSM.AX
	ISIN : AU000000BSM8

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Bass Metals est une société de production minière de plomb et de zinc basée en Australie.

Bass Metals est productrice de plomb, de zinc, d'argent, de cuivre et d'or en Australie, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc en Australie.

Son principal projet en production est QUE RIVER MINE en Australie, son principal projet en développement est HELLYER MINE en Australie et ses principaux projets en exploration sont WHYTE RIVER, HEAZLEWOOD, STERLING VALLEY, MAGNET JV, LYNCHFORD JV, LEVEN RIVER JV, OONAH JV, MT CHARTER et FARRELL en Australie.

Bass Metals est cotée en Australie. Sa capitalisation boursière aujourd'hui est 417,3 millions AU$ (299,4 millions US$, 257,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 18 février 2011 à 0,47 AU$, et son plus bas niveau récent le 27 juin 2014 à 0,00 AU$.

Bass Metals possède 1 368 150 016 actions en circulation.

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Bass Metals Ltd

Stong March Qtly Report

Bass Metals Ltd