Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
The Graphmada Large Flake Graphite Mine in eastern Madagascar is processing 500 tonnes per month, says owner Bass Metals in a news statement released Wednesday.
The plant reached and sustained 25 tonnes per hour feed rate at an average head grade of 4.5% total graphitic carbon, achieving the processing plant’s nameplate production. The company says concentrates produced are at 94% fixed carbon.
Bass Metals (ASX:BSM) is a Perth-based producer of industrial mineral concentrates focused on Madagascar.
Creative Commons image of Madagascar Baobab courtesy of Frank Vassen