Bass halts Graphmada on Covid-19 fears
PERTH (miningweekly.com) – Graphite junior Bass Metals has announced plans to place its Graphmada mine, in Madagascar, on care and maintenance.
Mining at Graphmada was paused earlier in the year with the onset of the monsoon season, and operations were initially slated to restart in April. However, the company on Wednesday said that given the current uncertainty brought on by Covid-19, the company had taken the decision to suspend mining and processing, and to place the project on care and maintenance until "some clarity in the current situation emerges".
Bass told shareholders that it would continue with its current exploration programme at Graphmada as well as continue to progress its feasibility studies for the next stage of operations.
Comments
The login details you entered is incorrect. Please try and re-enter your username and password. If you continue having problems, please contact us at subscriptions@creamermedia.co.za for assistance.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.