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Bass secures 20-year landholder agreements at Graphmada graphite mine

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Bass secures 20-year landholder agreements at Graphmada graphite mine

Bass Metals Ltd. signed 20-year landholding agreements for its wholly owned Graphmada large flake graphite mine in Madagascar, it said Nov. 21.

The 461,000 square meters covered by the agreements cover all infrastructure and a large area of graphite mineralization and resources.

The agreements are backdated from 2016, when the company assumed operational control of the mine, and provides full landholder rights for 10 years, with an option of a further 10 years, out to 2035.

The company signed a sales agreement in October for 50% of its forecast first-stage flake graphite concentrate production from Graphmada of 6,000 tonnes per annum.