GREENWING RESOURCES LTD — AGM Information 2017

Nov 27, 2017

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Building an international industrial minerals business.

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CEO PRESENTATION ANNUAL GENERAL MEETING NOVEMBER 2017

Disclaimer & Cautionary Statements

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DISCLAIMER

This document has been prepared by Bass Metals Limited (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document. This document is provided on the basis that neither the Company nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the document and nothing contained in the document is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.

The document may contain forward-looking information and prospective financial material, which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access are subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure-related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Exploration Results, as well as the Competent Persons' statements. All persons should consider seeking appropriate professional advice in reviewing the document and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the document nor any information contained in the document or subsequently communicated to any person in connection with the document is, or should be taken as, constituting the giving of investment advice to any person.

FORWARD LOOKING STATEMENTS

This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward looking statements will be or are likely to be fulfilled. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this document constitutes investment, legal, tax or other advice.

COMPETENT PERSON STATEMENT

The information in this report that relates to Mineral Resources is based on information compiled by Tim McManus, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy and a full-time employee of the Company.

Tim McManus has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Tim McManus consents to the inclusion of the information in this report in the form and context in which it appears.

SUBSEQUENT PUBLIC REPORTING

The information for the JORC Mineral Resource Summary is extracted from the ASX Announcement “Strategic investment in producing graphite asset” released 2 September 2015, which is available to view on www.asx.com.au. Bass Metals Ltd. confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

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Corporate Summary

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Bass Metals Ltd. (ASX:BSM) is an Australian stock exchange listed company producing natural flake graphite concentrates from its wholly-owned and operating Graphmada Graphite Mine located in eastern Madagascar. The Company is expanding Graphmada production from 1,500 tonnes per annum (tpa) to 6,000 tpa (Stage 1), to provide a platform via the lowest capital intensity pathway to 20,000 tpa by 2019 (Stage 2).

Graphmada has excellent logistics to reach established graphite concentrate markets, with the mine being adjacent to the main National Highway and only 110 km to the country’s main export port at Toamasina.

Graphmada can consistently supply high quality concentrates for refractory and crucible applications due in large part to the exceptional flake sizes, a high resistance against oxidation and containing no carbonates or other fluxes of its concentrates.

In parallel, Bass is aggressively exploring permits to materially grow resource inventories, and continues to assess potential acquisitions that add value.

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Capital Market Summary

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CAPITAL STRUCTURE (ASX: BSM) (as at 27 November 2017)

Shares Outstanding 1,914 million

Options Outstanding 481 million[1]

Cash & Receivables A$5.1 million

12 MONTH SHARE PRICE CHART

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Share Price (ASX) A$0.019

SHAREHOLDERS

Market Capitalisation A$36 million

No Debt

Executives and Directors ~8% Top 20 ~46%

1 Excludes excludes performance rights and unlisted options

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Graphmada Graphite Mine

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Optimising and expanding production to 6,000 tpa in 2017, through to >20,000 tpa in 2019.

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ACCOMMODATION CAMP
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Graphmada Graphite Mine

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• ✓ 40 year mining permits with large flake graphite mineralisation in weathered, easily minable rock that incurs low mining costs.

• ✓ Loharano Mineral Resource of 5.7 Mt @ 4.1% .

• Total Graphitic Carbon (TGC)[1]

• ✓ Completed a maiden drilling program of 2,300m at Mahefedok for a Mineral Resource estimate of 3.5 Mt @ 4.2% TGC[2] .

• ✓ Mahela and Ambatofafana deposits remain under explored with no drilling.

• ✓ Andapa discovery[3] ; three significant large flake graphite targets at surface with grades at surface up to 7.7% Fixed Carbon - maiden drilling program in progress.

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1 Reported in accordance with the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code 2004) at a >2% cut-off and first disclosed by Stratmin Global Resource PLC under the JORC Code 2004. Bass Metals notes that the estimates have not been updated to JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Reference should be made to the Company's announcement of 2/09/15, for further detail.

2 Reported in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code 2012’) at a >3% cut-off and first released to the ASX on 21/06/17 "Maiden Mineral Resource for Mahefedok Deposit". 3 See ASX Announcement ‘Outstanding assay results confirmed for Andapa discovery’ released on the 2/03/17 .

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e Graphmada Graphite Min

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• ✓ Excellent and straightforward logistics to reach established graphite concentrate markets.

• ✓ Established Posshel Erzkontor agreement for 50% of Graphmada's 2018-2020 production.

• ✓ Graphmada supply's high quality concentrates for refractory and crucible applications.

• ✓ Excellent expandability, with the maximum expansion volume of 510 cm3/g achieved in testing with extremely large flakes > 400 microns, exceeding typical concentrates currently available.

• ✓ Highly suitable for lithium-ion battery applications, with a very high purity of 99.99 wt.% carbon achievable and all quality parameters including bulk density, tap density and surface area (BET) typical of currently available spherical graphite products.

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m Stage 1 Optimization Progra

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Expanding and refurbishing processing

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Installing larger drying capacity

Estimating resources with confidence

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m Stage 1 Optimization Progra

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Installing Re-Grind Mill 1 (electricals in progress)

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m Stage 1 Optimization Progra

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New Flotation and Re-grind Mill 1 installed

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m Stage 1 Optimization Progra

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Gear installation on Re-grind Mill 1

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m Stage 1 Optimization Progra

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Rod Mill installation (electricals in progress)

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m Stage 1 Optimization Progra

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Rod Mill – Motors and gearing installed

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m Stage 1 Optimization Progra

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Purchased new mining fleet (arrival late January)

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m Stage 1 Optimization Progra

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New dryer installed (electricals in progress)

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m Stage 1 Optimization Progra

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Video

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Community Engagement

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High Grade Lithium Project

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• ✓ Millie’s Reward, a hard-rock lithium project, located in Madagascar.

• ✓ Fieldwork has confirmed outcropping pegmatites with significant spodumene mineralization.

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• ✓ Exceptional grades of up to 7.08% Li2O and additional samples returning 6.93% & 6.91% Li2O.

• ✓ Samples of high purity Spodumene crystals (Kunzite) have also been found in the project area.

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ACCOMMODATION CAMP
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1 See ASX Announcement ‘Exceptional lithium assay results up to 7%’ released on the 29/5/17 .

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Summary

Operating, Optimising and Expanding Graphmada Mine production to 6,000 tpa (Stage 1) in 2017, through to >20,000 tpa (Stage 2) in 2019.

Establishing the Company as a mid-tier supplier of industrial mineral concentrates via the lowest capital intensity pathway.

Utilise the cash flow from Graphmada as a platform for growth, building an international industrial minerals business of significance. In parallel, aggressively explore permits to materially grow resource inventories, and assess potential acquisitions that add value.

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Contacts Us

Bass Metals Ltd Tim McManus Chief Executive Officer Telephone: (07) 3203 5894 Email: tim@bassmetals.com.au Web: www.bassmetals.com.au

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AFRICA
MADAGASCAR
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Bass Metals Ltd Peter Wright Director Telephone: (07) 3212 9200 Email: peter@bassmetals.com.au Web: www.bassmetals.com.au

Madagascar is an island country in the Indian Ocean, off the coast of Southeast Africa, and has been a democracy since 1960. It is governed under a French legal system and has a population of ~24m. The Corporate Tax rate is a low 20% with a low 2% Mining Royalty.

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Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation.

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