Bass Metals Limited is an Australia-based graphite producer. The Company is principally engaged in the mineral exploration and site care and maintenance activities in Tasmania. The Company is an investor in the operating Graphmada graphite mine in Madagascar. The Graphmada graphite mine is situated in eastern Madagascar, approximately 100 kilometers by sealed highway from the export port of Tamatave. The Graphmada Mine hosts four known deposits. The Graphmada Mine deposits include Loharano deposit, Mahefedok deposit, Mahela deposit and Ambatofafana deposit. The graphite at Graphmada is hosted in both weathered regolith and underlying graphitic gneiss, with the grade of graphitic carbon increasing with depth.