Oct. 11, 2017 - Bass Metals Limited has signed a sales agreement for 50% of its forecast stage 1 flake graphite concentrate production of 6,000 tonnes per annum (tpa) in Madagascar.The company’s shares closed circa 17% higher on Tuesday, at $0.014.
Bass and Possehl has agreed on the pricing for the concentrates based on fully transparent end-user demand. Possehl will earn a 5% commission on all sales through its European distribution network, paying Bass directly on 30-day payment terms, thus minimizing Bass’ sales and logistics costs into Europe.
The high value concentrates will be sold predominantly into the European refractories, foundries and crucibles sectors, were Graphmada’s concentrates have the potential to attract premium pricing.
