Battery metals: Bass steps up the pace to get more $$ out of its graphite
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Bass Metals (ASX:BSM) has its foot on the accelerator and eye firmly on a new graphite production record in its bid to make as much money as possible.
The company is expecting a strong September after daily production in August hit a record of 29 wet tonnes at 61 per cent large flake and 92.3 per cent fixed carbon (FC).
Bass said that was a “record result for the combination of tonnes, large flake and FC produced in a 24-hour period”.
The new producer has also increased large flake production to 42 per cent so far for the September quarter – a 10 per cent jump on large flake production in the June
Large flake production has gone as high as over 60 per cent at times in the current quarter, beating the peak of 45 per cent reached in the June quarter.
Bass said it continued to optimise the wet tonnes produced at 94 per cent FC, while increasing the volume of large flake produced.
“While 94 per cent FC is recognised as the industry benchmark for premium graphite concentrates, the balancing of production for flake size is also a critical element to maximizing revenue,” Bass noted.
That’s because concentrates of over 180 microns (large flake) demand significantly higher prices than finer flake graphite concentrates (less than 180 microns).
“As substantial shareholders, management and the team at Bass continue to work extremely hard to build on what was an outstanding June quarter and deliver further improvement in the September quarter, as results to date suggest,” CEO Tim McManus told investors today.
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