GREENWING RESOURCES LTD — Capital/Financing Update 2018

Jul 9, 2018

ASX ANNOUNCEMENT 10 JULY 2018

HIGHLY ENCOURAGING MAHELA AUGER RESULTS

HIGHLIGHTS

• Consistent with its stated strategy to materially grow the Company’s resource inventory of both graphite and lithium, Bass has concluded a successful maiden auger program at its brownfield Mahela Prospect, located in direct proximity to the Graphmada processing facility.

• Results demonstrate wide spread mineralisation, with grades up to 5.12 %Fixed Carbon (FC) over 12.5m (including 7.37 %FC over 5.0 m) in the first 8m from surface.

• As planned, the program was successful at establishing an initial footprint of easily minable saprolite-hosted graphite mineralisation with 41 auger holes completed, for a total of 338m drilled.

• The results indicate at least three saprolite-hosted graphite mineralisation zones identified over 600m, open ended north and south.

• The Board of Bass, on the strength of these initial results, has approved a follow up diamond drill program with the aim of estimating a maiden Mineral Resource for this brownfields prospect due to its proximity to the Company’s Graphmada large-flake graphite mine.

• The Mahela Prospect is an important development in the Company’s plans in potentially providing additional feedstock to expand production to >20,000 tonnes by 2020, along with an intended investment in an Expandable Graphite production facility.

ASX ANNOUNCEMENT 10 JULY 2018

Bass Metals Limited (ASX: “BSM”) (the “Company”) is pleased to announce that it has successfully completed a maiden auger program at its brownfields prospect; Mahela. The Board of Bass has now approved a diamond drilling program with the aim of estimating a maiden Mineral Resource for the Mahela prospect, which is adjacent to the Mahefedok Mineral Resource and in direct proximity of the Company’s 100% owned, debt free, Graphmada largeflake graphite mine.

The Mahela prospect is located 3.5 kilometres south of the recently refurbished Graphmada Process Plant and associated infrastructure. The mineralised footprint is two to three times that of the Loharano Deposit and is immediately adjacent to the Mahefedok Deposit, the Company’s primary graphite asset.

==> picture [324 x 327] intentionally omitted <==

Figure 1: Mahela location

ASX ANNOUNCEMENT 10 JULY 2018

In total, 41 auger holes for a total of 338m drilled were completed, to an average depth of 8m. Samples were prepared, split and analysed by Bass Metals’ Graphmada Mine laboratory facility for Fixed Carbon (FC) using the Muffle Furnace method, with results returning weighted averages up to 5.12 %Fixed Carbon (FC) over 12.5m, including 7.37 %FC over 5.0 m (see Table 1).

==> picture [337 x 475] intentionally omitted <==

Figure 2: Mahela auger results

ASX ANNOUNCEMENT 10 JULY 2018

BASS METALS CEO, MR TIM MCMANUS:

“While our main focus on the delivery of Stage 1 production for Bass and subsequent cash flow, we are pleased with these results at Mahela, with a view to our expansion plans post Stage 1. With the aim to develop a larger resource base, Mahela has the potential to significantly add to the Company’s next key strategic objective of expanding production capacity to ~20,000 tonnes per annum of premium large flake graphite concentrates and possible downstream production of Expandable Graphite.”

For more information, please contact

Tim McManus Chief Executive Officer Phone: (07) 3203 5894 Email: admin@bassmetals.com.au

Peter Wright Executive Director Phone: (07) 3203 5894 Email: admin@bassmetals.com.au

www.bassmetals.com.au

==> picture [15 x 15] intentionally omitted <==

[@bassmetals]

ASX ANNOUNCEMENT 10 JULY 2018

Table 1: Auger Summary Assay Results

Auger ID	Utm39sX	Utm39sY	Length (m)	Weighted Average FC (%)
BSMA124	287,712	7,902,917	10.00	1.23%FC over 9.60m (incl. 4.04%FC over 1.50m)
BSMA125	287,691	7,902,920	5.30	0.54%FC over 4.80m
BSMA126	287,676	7,902,926	7.20	1.76%FC over 6.90m(incl. 3.56%FC over 1.50m)
BSMA127	287,658	7,902,930	12.00	2.71%FC over 12.00m (incl. 6.02%FC over 3.00m)
BSMA128	287,634	7,902,938	9.00	2.37% FC over 8.50m(incl. 4.62%FC over 2.50m)
BSMA129	287,726	7,902,913	10.00	3.51%FC over 9.50m(incl. 5.14%FC over 6.30m)
BSMA130	287,748	7,902,905	10.00	3.73%FC over 9.50m (incl. 5.46%FC over 3.50m)
BSMA131	287,763	7,902,896	8.00	2.65%FC over 7.50m(incl. 5.97%FC over 1.70m)
BSMA132	287,803	7,902,883	10.00	0.12%FC over 9.50m
BSMA133	287,826	7,902,879	7.00	0.65%FC over 6.50m
BSMA134	287,841	7,902,875	6.00	0.29%FC over 5.50m
BSMA135	287,900	7,902,852	3.50	1.84%FC over 3.00m
BSMA136	287,916	7,902,849	11.00	4.97%FC over 10.50 (incl. 6.28%FC over 3.50m, 5.15%FC over 5.00m)
BSMA137	287,936	7,902,844	10.00	5.55%FC over 9.50m(incl. 6.28%FC over 7.50m)
BSMA138	287,714	7,903,122	8.00	1.04%FC over 7.50m
BSMA139	287,737	7,903,118	13.00	5.12%FC over 12.50m(incl. 7.37%FC over 5.00m)
BSMA140	287,755	7,903,110	8.50	4.72%FC over 8.00m (incl. 5.78%FC over 3.80m)
BSMA141	287,772	7,903,106	9.30	2.23%FC over 8.80m(incl. 3.81%FC over 2.00m)
BSMA142	287,792	7,903,101	8.50	1.71%FC over 8.230m(incl. 3.64%FC over 2.00m)
BSMA143	287,809	7,903,094	3.70	1.14%FC over 3.20m
BSMA144	287,828	7,903,088	6.00	2.35%FC over 5.70m(incl. 4.02%FC over 3.00m)
BSMA145	287,848	7,903,079	10.00	4.52%FC over 9.70m (incl. 5.23%FC over 5.70m)
BSMA146	287,867	7,903,074	5.40	4.19%FC over 5.10m
BSMA147	287,739	7,903,324	5.00	5.07%FC over 4.70m
BSMA148	287,716	7,903,333	6.00	0.30%FC over 5.60m
BSMA149	287,760	7,903,322	10.00	6.36%FC over 6.50m
BSMA150	287,777	7,903,314	10.00	2.53%FC over 9.50m (incl. 3.90%FC over 3.50m)
BSMA151	287,800	7,903,309	12.00	3.59%FC over 11.50(incl. 4.94%FC over 4.00m)
BSMA152	287,815	7,903,300	5.70	4.68%FC over 5.30m(incl. 6.31%FC over 2.00m)
BSMA153	287,838	7,903,295	7.00	5.23%FC over 6.50m
BSMA154	287,852	7,903,289	6.00	0.20%FC over 3.50m
BSMA155	287,801	7,902,674	10.00	0.19%FC over 9.60m
BSMA156	287,777	7,902,681	1.00	0.14%FC over 0.80m
BSMA157	287,763	7,902,685	13.30	3.22%FC over 12.80m(incl. 10.05%FC over 3.30m)
BSMA158	287,716	7,902,699	14.00	4.67%FC over13.40m(incl. 5.76%FC over 8.50m)
BSMA159	287,707	7,902,704	9.00	0.26%FC over 8.50m
BSMA160	287,686	7,902,709	8.00	1.73%FC over 7.70m(incl. 4.01%FC over 2.50m)
BSMA161	287,663	7,902,722	3.00	0.28%FC over 2.80m
BSMA162	287,646	7,902,722	8.00	3.06%FC over 6.80m(Incl. 5.78%FC over 1.70m)
BSMA163	287,630	7,902,731	9.50	1.96%FC over 9.20m(incl. 7.58%FC over 1.50m)
BSMA164	287,609	7,902,735	9.00	2.58%FC over 8.70m (incl. 4.70%FC over 3.00m)

ASX ANNOUNCEMENT 10 JULY 2018

DISCLAIMER, STATEMENTS & Important Information

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.

Forward Looking Statements

This announcement contains certain ‘forward-looking statements’ within the meaning of the securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as ‘may,’ ‘should,’ ‘expect,’ ‘anticipate,’ ‘estimate,’ ‘scheduled’ or ‘continue’ or the negative version of them or comparable terminology. Any forecasts or other forward-looking statements contained in this announcement are subject to known and unknown risks and uncertainties and may involve significant elements of subjective judgment and assumptions as to future events which may or may not be correct. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material. Bass Metals does not give any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur and you are cautioned not to place undue reliance on forward-looking statements. 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.

Important information

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal. The securities referred to in this document have not been and will not be registered under the United States Securities Act of 1933 (the ‘US Securities Act’), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the US Securities Act or an exemption from the registration requirements of the US Securities Act is available. This document may not be distributed or released in the United States.

Competent Person Statement

The information in this document that relates to Exploration Results 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 fulltime employee of the Company.

Tim McManus has sufficient experience that is relevant to the style of mineralization 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 document in the form and context in which it appears.

ASX ANNOUNCEMENT 10 JULY 2018

Appendix

Table 1: Auger drill collar Data

Auger ID	Utm39sX	Utm39sY	Azimuth	Dip	Depth (m)
BSMA124	287,712	7,902,917	0	-90	10.00
BSMA125	287,691	7,902,920	0	-90	5.30
BSMA126	287,676	7,902,926	0	-90	7.20
BSMA127	287,658	7,902,930	0	-90	12.00
BSMA128	287,634	7,902,938	0	-90	9.00
BSMA129	287,726	7,902,913	0	-90	10.00
BSMA130	287,748	7,902,905	0	-90	10.00
BSMA131	287,763	7,902,896	0	-90	8.00
BSMA132	287,803	7,902,883	0	-90	10.00
BSMA133	287,826	7,902,879	0	-90	7.00
BSMA134	287,841	7,902,875	0	-90	6.00
BSMA135	287,900	7,902,852	0	-90	3.50
BSMA136	287,916	7,902,849	0	-90	11.00
BSMA137	287,936	7,902,844	0	-90	10.00
BSMA138	287,714	7,903,122	0	-90	8.00
BSMA139	287,737	7,903,118	0	-90	13.00
BSMA140	287,755	7,903,110	0	-90	8.50
BSMA141	287,772	7,903,106	0	-90	9.30
BSMA142	287,792	7,903,101	0	-90	8.50
BSMA143	287,809	7,903,094	0	-90	3.70
BSMA144	287,828	7,903,088	0	-90	6.00
BSMA145	287,848	7,903,079	0	-90	10.00
BSMA146	287,867	7,903,074	0	-90	5.40
BSMA147	287,739	7,903,324	0	-90	5.00
BSMA148	287,716	7,903,333	0	-90	6.00
BSMA149	287,760	7,903,322	0	-90	10.00
BSMA150	287,777	7,903,314	0	-90	10.00
BSMA151	287,800	7,903,309	0	-90	12.00
BSMA152	287,815	7,903,300	0	-90	5.70
BSMA153	287,838	7,903,295	0	-90	7.00
BSMA154	287,852	7,903,289	0	-90	6.00
BSMA155	287,801	7,902,674	0	-90	10.00
BSMA156	287,777	7,902,681	0	-90	1.00
BSMA157	287,763	7,902,685	0	-90	13.30
BSMA158	287,716	7,902,699	0	-90	14.00
BSMA159	287,707	7,902,704	0	-90	9.00
BSMA160	287,686	7,902,709	0	-90	8.00
BSMA161	287,663	7,902,722	0	-90	3.00
BSMA162	287,646	7,902,722	0	-90	8.00
BSMA163	287,630	7,902,731	0	-90	9.50
BSMA164	287,609	7,902,735	0	-90	9.00

ASX ANNOUNCEMENT 10 JULY 2018

Table 2: Assay Data

Note: Only the downhole lengths are reported - true width has not been estimated.

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA124	U0616	0.40	1.00	0.60	Saprolite	0.00
BSMA124	U0617	1.00	1.50	0.50	Saprolite	0.53
BSMA124	U0618	1.50	2.00	0.50	Saprolite	0.31
BSMA124	U0619	2.00	2.50	0.50	Saprolite	0.64
BSMA124	U0621	2.50	3.00	0.50	Saprolite	0.62
BSMA124	U0622	3.00	3.50	0.50	Saprolite	0.59
BSMA124	U0623	3.50	4.00	0.50	Saprolite	0.62
BSMA124	U0624	4.00	4.50	0.50	Saprolite	0.00
BSMA124	U0625	4.50	5.00	0.50	Saprolite	0.28
BSMA124	U0626	5.00	5.20	0.20	Saprolite	0.26
BSMA124	U0627	5.20	6.00	0.80	Saprolite	1.26
BSMA124	U0628	6.00	6.50	0.50	Saprolite	1.91
BSMA124	U0629	6.50	7.00	0.50	Saprolite	1.50
BSMA124	U0630	7.00	7.50	0.50	Saprolite	0.92
BSMA124	U0631	7.50	8.00	0.50	Saprolite	0.68
BSMA124	U0632	8.00	8.50	0.50	Saprolite	0.77
BSMA124	U0633	8.50	9.00	0.50	Saprolite	3.14
BSMA124	U0634	9.00	9.50	0.50	Saprolite	2.32
BSMA124	U0635	9.50	10.00	0.50	Saprolite	6.65
BSMA125	U0636	0.50	1.00	0.50	Saprolite	0.83
BSMA125	U0637	1.00	1.50	0.50	Saprolite	0.59
BSMA125	U0638	1.50	2.00	0.50	Saprolite	0.63
BSMA125	U0639	2.00	2.50	0.50	Saprolite	0.53
BSMA125	U0641	2.50	3.00	0.50	Saprolite	0.00
BSMA125	U0642	3.00	3.50	0.50	Saprolite	0.26
BSMA125	U0643	3.50	4.30	0.80	Saprolite	0.90
BSMA125	U0644	4.30	5.30	1.00	Saprolite	0.46
BSMA126	U0645	0.30	1.00	0.70	Saprolite	1.02
BSMA126	U0646	1.00	1.50	0.50	Saprolite	3.50
BSMA126	U0647	1.50	2.00	0.50	Saprolite	3.03
BSMA126	U0648	2.00	2.50	0.50	Saprolite	4.15
BSMA126	U0649	2.50	3.00	0.50	Saprolite	1.33
BSMA126	U0650	3.00	3.50	0.50	Saprolite	0.48
BSMA126	U0652	3.50	4.00	0.50	Saprolite	2.85
BSMA126	U0653	4.00	4.50	0.50	Saprolite	1.37
BSMA126	U0654	4.50	5.00	0.50	Saprolite	1.47
BSMA126	U0655	5.00	5.50	0.50	Saprolite	1.28
BSMA126	U0656	5.50	6.00	0.50	Saprolite	1.30
BSMA126	U0657	6.00	6.50	0.50	Saprolite	0.82
BSMA126	U0658	6.50	7.00	0.50	Saprolite	1.08
BSMA126	U0659	7.00	7.20	0.20	Saprolite	0.64
BSMA127	U0661	0.00	0.50	0.50	Saprolite	1.69
BSMA127	U0662	0.50	1.00	0.50	Saprolite	0.85
BSMA127	U0663	1.00	1.50	0.50	Saprolite	2.73

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA127	U0664	1.50	2.00	0.50	Saprolite	1.51
BSMA127	U0665	2.00	2.70	0.70	Saprolite	1.05
BSMA127	U0666	2.70	3.50	0.80	Saprolite	0.97
BSMA127	U0667	3.50	4.00	0.50	Saprolite	1.08
BSMA127	U0668	4.00	4.50	0.50	Saprolite	1.33
BSMA127	U0669	4.50	5.00	0.50	Saprolite	1.42
BSMA127	U0670	5.00	5.50	0.50	Saprolite	0.41
BSMA127	U0671	5.50	6.00	0.50	Saprolite	1.49
BSMA127	U0672	6.00	6.50	0.50	Saprolite	5.52
BSMA127	U0673	6.50	7.00	0.50	Saprolite	7.84
BSMA127	U0674	7.00	7.50	0.50	Saprolite	7.43
BSMA127	U0675	7.50	8.00	0.50	Saprolite	4.29
BSMA127	U0676	8.00	8.80	0.80	Saprolite	5.90
BSMA127	U0677	8.80	9.00	0.20	Saprolite	4.07
BSMA127	U0678	9.00	9.50	0.50	Saprolite	1.55
BSMA127	U0679	9.50	10.00	0.50	Saprolite	0.80
BSMA127	U0681	10.00	10.50	0.50	Saprolite	2.31
BSMA127	U0682	10.50	11.00	0.50	Saprolite	1.43
BSMA127	U0683	11.00	11.30	0.30	Saprolite	1.72
BSMA127	U0684	11.30	11.60	0.30	Saprolite	7.85
BSMA127	U0685	11.60	12.00	0.40	Saprolite	1.89
BSMA128	U0686	0.50	1.50	1.00	Saprolite	1.56
BSMA128	U0687	1.50	2.20	0.70	Saprolite	0.76
BSMA128	U0688	2.20	3.00	0.80	Saprolite	0.79
BSMA128	U0689	3.00	3.50	0.50	Saprolite	0.91
BSMA128	U0690	3.50	4.50	1.00	Saprolite	2.71
BSMA128	U0692	4.50	5.00	0.50	Saprolite	6.58
BSMA128	U0693	5.00	5.50	0.50	Saprolite	4.42
BSMA128	U0694	5.50	6.00	0.50	Saprolite	4.68
BSMA128	U0695	6.00	6.50	0.50	Saprolite	4.26
BSMA128	U0696	6.50	7.00	0.50	Saprolite	3.16
BSMA128	U0697	7.00	7.50	0.50	Saprolite	1.96
BSMA128	U0698	7.50	8.00	0.50	Saprolite	0.49
BSMA128	U0699	8.00	8.50	0.50	Saprolite	1.61
BSMA128	U0701	8.50	9.00	0.50	Saprolite	1.43
BSMA129	U0702	0.50	1.00	0.50	Saprolite	0.10
BSMA129	U0703	1.00	1.20	0.20	Saprolite	0.00
BSMA129	U0704	1.20	2.00	0.80	Saprolite	0.32
BSMA129	U0705	2.00	2.50	0.50	Saprolite	0.39
BSMA129	U0706	2.50	3.00	0.50	Saprolite	0.85
BSMA129	U0707	3.00	3.70	0.70	Saprolite	0.00
BSMA129	U0708	3.70	4.20	0.50	Saprolite	3.58
BSMA129	U0709	4.20	4.60	0.40	Saprolite	7.49
BSMA129	U0710	4.60	5.40	0.80	Saprolite	4.94
BSMA129	U0711	5.40	6.00	0.60	Saprolite	2.55
BSMA129	U0712	6.00	6.50	0.50	Saprolite	4.22

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA129	U0713	6.50	7.00	0.50	Saprolite	4.23
BSMA129	U0714	7.00	7.50	0.50	Saprolite	5.34
BSMA129	U0715	7.50	8.00	0.50	Saprolite	6.61
BSMA129	U0716	8.00	8.50	0.50	Saprolite	7.01
BSMA129	U0717	8.50	9.00	0.50	Saprolite	4.30
BSMA129	U0718	9.00	9.50	0.50	Saprolite	6.12
BSMA129	U0719	9.50	10.00	0.50	Saprolite	6.42
BSMA130	U0721	0.50	1.00	0.50	Saprolite	0.26
BSMA130	U0722	1.00	1.30	0.30	Saprolite	1.87
BSMA130	U0723	1.30	1.80	0.50	Saprolite	2.66
BSMA130	U0724	1.80	2.30	0.50	Saprolite	2.37
BSMA130	U0725	2.30	2.70	0.40	Saprolite	2.10
BSMA130	U0726	2.70	3.00	0.30	Saprolite	3.01
BSMA130	U0727	3.00	3.50	0.50	Saprolite	3.36
BSMA130	U0728	3.50	4.00	0.50	Saprolite	4.58
BSMA130	U0729	4.00	4.50	0.50	Saprolite	2.72
BSMA130	U0730	4.50	5.50	1.00	Saprolite	4.70
BSMA130	U0731	5.50	6.00	0.50	Saprolite	5.81
BSMA130	U0732	6.00	6.50	0.50	Saprolite	5.90
BSMA130	U0733	6.50	7.00	0.50	Saprolite	5.84
BSMA130	U0734	7.00	8.00	1.00	Saprolite	5.64
BSMA130	U0735	8.00	9.00	1.00	Saprolite	3.07
BSMA130	U0736	9.00	10.00	1.00	Saprolite	3.02
BSMA131	U0737	0.50	1.00	0.50	Saprolite	2.55
BSMA131	U0738	1.00	1.50	0.50	Saprolite	4.95
BSMA131	U0739	1.50	2.00	0.50	Saprolite	6.69
BSMA131	U0741	2.00	2.30	0.30	Saprolite	7.55
BSMA131	U0742	2.30	2.70	0.40	Saprolite	5.17
BSMA131	U0743	2.70	3.50	0.80	Saprolite	2.85
BSMA131	U0744	3.50	4.30	0.80	Saprolite	2.13
BSMA131	U0745	4.30	5.00	0.70	Saprolite	2.75
BSMA131	U0746	5.00	5.50	0.50	Saprolite	0.38
BSMA131	U0747	5.50	6.00	0.50	Saprolite	1.56
BSMA131	U0748	6.00	7.00	1.00	Saprolite	0.49
BSMA131	U0749	7.00	7.50	0.50	Saprolite	0.96
BSMA131	U0750	7.50	8.00	0.50	Saprolite	1.27
BSMA132	U0752	0.50	1.00	0.50	Saprolite	0.00
BSMA132	U0753	1.00	1.50	0.50	Saprolite	1.33
BSMA132	U0754	1.50	2.00	0.50	Saprolite	0.00
BSMA132	U0755	2.00	2.70	0.70	Saprolite	0.00
BSMA132	U0756	2.70	3.50	0.80	Saprolite	0.00
BSMA132	U0757	3.50	4.00	0.50	Saprolite	0.00
BSMA132	U0758	4.00	4.50	0.50	Saprolite	0.22
BSMA132	U0759	4.50	5.00	0.50	Saprolite	0.34
BSMA132	U0761	5.00	5.50	0.50	Saprolite	0.07
BSMA132	U0762	5.50	6.00	0.50	Saprolite	0.00

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA132	U0763	6.00	6.50	0.50	Saprolite	0.05
BSMA132	U0764	6.50	7.00	0.50	Saprolite	0.13
BSMA132	U0765	7.00	7.50	0.50	Saprolite	0.00
BSMA132	U0766	7.50	8.00	0.50	Saprolite	0.00
BSMA132	U0767	8.00	8.50	0.50	Saprolite	0.00
BSMA132	U0768	8.50	9.00	0.50	Saprolite	0.01
BSMA132	U0769	9.00	9.50	0.50	Saprolite	0.00
BSMA132	U0770	9.50	10.00	0.50	Saprolite	0.17
BSMA133	U0771	0.50	1.00	0.50	Saprolite	0.17
BSMA133	U0772	1.00	1.50	0.50	Saprolite	0.25
BSMA133	U0773	1.50	2.00	0.50	Saprolite	0.04
BSMA133	U0774	2.00	2.50	0.50	Saprolite	0.00
BSMA133	U0775	2.50	3.30	0.80	Saprolite	0.62
BSMA133	U0776	3.30	3.80	0.50	Saprolite	4.42
BSMA133	U0777	3.80	4.30	0.50	Saprolite	1.32
BSMA133	U0778	4.30	5.00	0.70	Saprolite	0.41
BSMA133	U0779	5.00	5.50	0.50	Saprolite	0.22
BSMA133	U0781	5.50	6.00	0.50	Saprolite	0.18
BSMA133	U0782	6.00	6.50	0.50	Saprolite	0.19
BSMA133	U0783	6.50	7.00	0.50	Saprolite	0.16
BSMA134	U0784	0.50	1.00	0.50	Saprolite	0.11
BSMA134	U0785	1.00	1.50	0.50	Saprolite	0.33
BSMA134	U0786	1.50	2.00	0.50	Saprolite	0.12
BSMA134	U0787	2.00	2.70	0.70	Saprolite	0.22
BSMA134	U0788	2.70	3.50	0.80	Saprolite	0.14
BSMA134	U0789	3.50	4.00	0.50	Saprolite	0.17
BSMA134	U0790	4.00	4.50	0.50	Saprolite	0.37
BSMA134	U0792	4.50	5.00	0.50	Saprolite	0.72
BSMA134	U0793	5.00	5.50	0.50	Saprolite	0.32
BSMA134	U0794	5.50	6.00	0.50	Saprolite	0.48
BSMA135	U0795	0.50	1.00	0.50	Saprolite	1.43
BSMA135	U0796	1.00	1.50	0.50	Saprolite	2.42
BSMA135	U0797	1.50	2.00	0.50	Saprolite	0.61
BSMA135	U0798	2.00	2.50	0.50	Saprolite	1.54
BSMA135	U0799	2.50	3.00	0.50	Saprolite	2.05
BSMA135	U0801	3.00	3.30	0.30	Saprolite	2.71
BSMA135	U0802	3.30	3.50	0.20	Saprolite	3.41
BSMA136	U0803	0.50	1.00	0.50	Saprolite	1.64
BSMA136	U0804	1.00	1.50	0.50	Saprolite	4.48
BSMA136	U0805	1.50	2.00	0.50	Saprolite	7.33
BSMA136	U0806	2.00	2.20	0.20	Saprolite	7.38
BSMA136	U0807	2.20	2.90	0.70	Saprolite	7.37
BSMA136	U0808	2.90	3.00	0.10	Saprolite	6.33
BSMA136	U0809	3.00	3.50	0.50	Saprolite	6.56
BSMA136	U0810	3.50	4.00	0.50	Saprolite	6.55
BSMA136	U0811	4.00	4.50	0.50	Saprolite	4.53

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA136	U0812	4.50	5.00	0.50	Saprolite	2.23
BSMA136	U0813	5.00	5.50	0.50	Saprolite	2.33
BSMA136	U0814	5.50	6.00	0.50	Saprolite	2.79
BSMA136	U0815	6.00	6.50	0.50	Saprolite	4.21
BSMA136	U0816	6.50	7.00	0.50	Saprolite	5.98
BSMA136	U0817	7.00	8.50	1.50	Saprolite	5.58
BSMA136	U0818	8.50	9.00	0.50	Saprolite	1.70
BSMA136	U0819	9.00	9.50	0.50	Saprolite	5.50
BSMA136	U0821	9.50	10.00	0.50	Saprolite	5.94
BSMA136	U0822	10.00	10.50	0.50	Saprolite	5.77
BSMA136	U0823	10.50	11.00	0.50	Saprolite	5.65
BSMA137	U0824	0.50	1.00	0.50	Saprolite	2.02
BSMA137	U0825	1.00	1.50	0.50	Saprolite	3.51
BSMA137	U0826	1.50	2.00	0.50	Saprolite	1.94
BSMA137	U0827	2.00	2.50	0.50	Saprolite	5.35
BSMA137	U0828	2.50	3.00	0.50	Saprolite	7.25
BSMA137	U0829	3.00	3.30	0.30	Saprolite	7.55
BSMA137	U0830	3.30	3.70	0.40	Saprolite	6.34
BSMA137	U0831	3.70	4.00	0.30	Saprolite	5.54
BSMA137	U0832	4.00	4.50	0.50	Saprolite	6.58
BSMA137	U0833	4.50	5.00	0.50	Saprolite	5.34
BSMA137	U0834	5.00	5.50	0.50	Saprolite	4.67
BSMA137	U0835	5.50	6.50	1.00	Saprolite	6.00
BSMA137	U0836	6.50	7.50	1.00	Saprolite	7.11
BSMA137	U0837	7.50	8.00	0.50	Saprolite	6.56
BSMA137	U0838	8.00	8.50	0.50	Saprolite	6.68
BSMA137	U0839	8.50	9.00	0.50	Saprolite	6.57
BSMA137	U0841	9.00	9.50	0.50	Saprolite	6.00
BSMA137	U0842	9.50	10.00	0.50	Saprolite	3.83
BSMA138	U0843	0.50	1.00	0.50	Saprolite	0.53
BSMA138	U0844	1.00	1.50	0.50	Saprolite	2.56
BSMA138	U0845	1.50	2.00	0.50	Saprolite	0.59
BSMA138	U0846	2.00	2.50	0.50	Saprolite	1.97
BSMA138	U0847	2.50	3.00	0.50	Saprolite	0.89
BSMA138	U0848	3.00	3.50	0.50	Saprolite	1.05
BSMA138	U0849	3.50	4.00	0.50	Saprolite	1.43
BSMA138	U0850	4.00	4.50	0.50	Saprolite	0.05
BSMA138	U0852	4.50	5.00	0.50	Saprolite	1.66
BSMA138	U0853	5.00	5.50	0.50	Saprolite	0.44
BSMA138	U0854	5.50	6.00	0.50	Saprolite	1.44
BSMA138	U0855	6.00	6.50	0.50	Saprolite	0.00
BSMA138	U0856	6.50	7.00	0.50	Saprolite	1.32
BSMA138	U0857	7.00	7.50	0.50	Saprolite	0.88
BSMA138	U0858	7.50	8.00	0.50	Saprolite	0.86
BSMA139	U0859	0.50	1.30	0.80	Saprolite	0.00
BSMA139	U0861	1.30	1.70	0.40	Saprolite	1.57

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA139	U0862	1.70	2.50	0.80	Saprolite	2.16
BSMA139	U0863	2.50	3.00	0.50	Saprolite	4.51
BSMA139	U0864	3.00	3.80	0.80	Saprolite	6.91
BSMA139	U0865	3.80	4.20	0.40	Saprolite	6.66
BSMA139	U0866	4.20	4.60	0.40	Saprolite	4.59
BSMA139	U0867	4.60	5.00	0.40	Saprolite	5.52
BSMA139	U0868	5.00	5.50	0.50	Saprolite	7.98
BSMA139	U0869	5.50	6.00	0.50	Saprolite	8.72
BSMA139	U0870	6.00	6.50	0.50	Saprolite	6.22
BSMA139	U0871	6.50	7.00	0.50	Saprolite	8.50
BSMA139	U0872	7.00	7.50	0.50	Saprolite	9.22
BSMA139	U0873	7.50	8.00	0.50	Saprolite	8.63
BSMA139	U0874	8.00	8.50	0.50	Saprolite	2.86
BSMA139	U0875	8.50	9.50	1.00	Saprolite	4.48
BSMA139	U0876	9.50	10.00	0.50	Saprolite	5.58
BSMA139	U0877	10.00	10.50	0.50	Saprolite	4.38
BSMA139	U0878	10.50	11.00	0.50	Saprolite	3.96
BSMA139	U0879	11.00	11.50	0.50	Saprolite	4.80
BSMA139	U0881	11.50	12.00	0.50	Saprolite	5.78
BSMA139	U0882	12.00	13.00	1.00	Saprolite	4.41
BSMA140	U0883	0.50	1.00	0.50	Saprolite	1.16
BSMA140	U0884	1.00	1.50	0.50	Saprolite	2.09
BSMA140	U0885	1.50	2.00	0.50	Saprolite	2.70
BSMA140	U0886	2.00	2.50	0.50	Saprolite	5.03
BSMA140	U0887	2.50	3.00	0.50	Saprolite	4.72
BSMA140	U0888	3.00	3.50	0.50	Saprolite	4.31
BSMA140	U0889	3.50	4.00	0.50	Saprolite	6.15
BSMA140	U0890	4.00	4.50	0.50	Saprolite	6.68
BSMA140	U0892	4.50	5.00	0.50	Saprolite	5.83
BSMA140	U0893	5.00	6.00	1.00	Saprolite	6.00
BSMA140	U0894	6.00	6.50	0.50	Saprolite	5.09
BSMA140	U0895	6.50	7.30	0.80	Saprolite	5.11
BSMA140	U0896	7.30	8.00	0.70	Saprolite	4.81
BSMA140	U0897	8.00	8.50	0.50	Saprolite	4.78
BSMA141	U0898	0.50	1.00	0.50	Saprolite	1.11
BSMA141	U0899	1.00	1.50	0.50	Saprolite	2.43
BSMA141	U0901	1.50	2.00	0.50	Saprolite	4.39
BSMA141	U0902	2.00	2.50	0.50	Saprolite	4.01
BSMA141	U0903	2.50	3.00	0.50	Saprolite	3.38
BSMA141	U0904	3.00	3.50	0.50	Saprolite	3.45
BSMA141	U0905	3.50	4.00	0.50	Saprolite	2.91
BSMA141	U0906	4.00	4.50	0.50	Saprolite	0.96
BSMA141	U0907	4.50	5.00	0.50	Saprolite	1.15
BSMA141	U0908	5.00	5.50	0.50	Saprolite	1.23
BSMA141	U0909	5.50	6.00	0.50	Saprolite	0.90
BSMA141	U0910	6.00	6.50	0.50	Saprolite	0.46

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA141	U0911	6.50	7.00	0.50	Saprolite	1.52
BSMA141	U0912	7.00	7.50	0.50	Saprolite	2.46
BSMA141	U0913	7.50	8.00	0.50	Saprolite	3.63
BSMA141	U0914	8.00	8.50	0.50	Saprolite	3.45
BSMA141	U0915	8.50	9.00	0.50	Saprolite	1.50
BSMA141	U0916	9.00	9.30	0.30	Saprolite	0.61
BSMA142	U0917	0.30	1.00	0.70	Saprolite	2.60
BSMA142	U0918	1.00	1.50	0.50	Saprolite	3.41
BSMA142	U0919	1.50	2.00	0.50	Saprolite	3.81
BSMA142	U0921	2.00	2.50	0.50	Saprolite	3.70
BSMA142	U0922	2.50	3.00	0.50	Saprolite	3.62
BSMA142	U0923	3.00	3.50	0.50	Saprolite	1.17
BSMA142	U0924	3.50	4.00	0.50	Saprolite	1.15
BSMA142	U0925	4.00	4.50	0.50	Saprolite	0.55
BSMA142	U0926	4.50	5.00	0.50	Saprolite	1.38
BSMA142	U0927	5.00	5.50	0.50	Saprolite	1.39
BSMA142	U0928	5.50	6.00	0.50	Saprolite	0.31
BSMA142	U0929	6.00	6.50	0.50	Saprolite	0.35
BSMA142	U0930	6.50	7.00	0.50	Saprolite	0.67
BSMA142	U0931	7.00	7.50	0.50	Saprolite	1.44
BSMA142	U0932	7.50	8.00	0.50	Saprolite	0.71
BSMA142	U0933	8.00	8.50	0.50	Saprolite	0.84
BSMA143	U0934	0.50	1.00	0.50	Saprolite	2.15
BSMA143	U0935	1.00	1.50	0.50	Saprolite	0.49
BSMA143	U0936	1.50	2.00	0.50	Saprolite	0.27
BSMA143	U0937	2.00	2.50	0.50	Saprolite	0.97
BSMA143	U0938	2.50	3.00	0.50	Saprolite	1.35
BSMA143	U0939	3.00	3.50	0.50	Saprolite	1.86
BSMA143	U0941	3.50	3.70	0.20	Saprolite	0.45
BSMA144	U0942	0.30	0.70	0.40	Saprolite	2.03
BSMA144	U0943	0.70	1.00	0.30	Saprolite	4.46
BSMA144	U0944	1.00	1.50	0.50	Saprolite	4.44
BSMA144	U0945	1.50	2.00	0.50	Saprolite	3.66
BSMA144	U0946	2.00	2.40	0.40	Saprolite	2.47
BSMA144	U0947	2.40	3.00	0.60	Saprolite	4.21
BSMA144	U0948	3.00	3.70	0.70	Saprolite	4.56
BSMA144	U0949	3.70	4.20	0.50	Saprolite	0.36
BSMA144	U0950	4.20	4.50	0.30	Saprolite	0.36
BSMA144	U0952	4.50	5.00	0.50	Saprolite	0.04
BSMA144	U0953	5.00	5.50	0.50	Saprolite	0.16
BSMA144	U0954	5.50	6.00	0.50	Saprolite	0.24
BSMA145	U0955	0.30	0.70	0.40	Saprolite	1.03
BSMA145	U0956	0.70	1.30	0.60	Saprolite	4.08
BSMA145	U0957	1.30	1.70	0.40	Saprolite	5.38
BSMA145	U0958	1.70	2.00	0.30	Saprolite	5.65
BSMA145	U0959	2.00	2.50	0.50	Saprolite	3.78

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA145	U0961	2.50	3.00	0.50	Saprolite	2.38
BSMA145	U0962	3.00	3.30	0.30	Saprolite	2.15
BSMA145	U0963	3.30	3.70	0.40	Saprolite	3.06
BSMA145	U0964	3.70	4.00	0.30	Saprolite	3.94
BSMA145	U0965	4.00	4.30	0.30	Saprolite	3.99
BSMA145	U0966	4.30	4.70	0.40	Saprolite	5.24
BSMA145	U0967	4.70	5.30	0.60	Saprolite	5.71
BSMA145	U0968	5.30	5.70	0.40	Saprolite	4.76
BSMA145	U0969	5.70	6.00	0.30	Saprolite	4.71
BSMA145	U0970	6.00	6.50	0.50	Saprolite	5.30
BSMA145	U0971	6.50	7.00	0.50	Saprolite	5.83
BSMA145	U0972	7.00	7.50	0.50	Saprolite	6.19
BSMA145	U0973	7.50	8.00	0.50	Saprolite	3.36
BSMA145	U0974	8.00	8.50	0.50	Saprolite	3.32
BSMA145	U0975	8.50	9.00	0.50	Saprolite	5.22
BSMA145	U0976	9.00	9.50	0.50	Saprolite	6.70
BSMA145	U0977	9.50	10.00	0.50	Saprolite	6.03
BSMA146	U0978	0.30	0.70	0.40	Saprolite	2.68
BSMA145	U0961	2.50	3.00	0.50	Saprolite	2.38
BSMA145	U0962	3.00	3.30	0.30	Saprolite	2.15
BSMA145	U0963	3.30	3.70	0.40	Saprolite	3.06
BSMA145	U0964	3.70	4.00	0.30	Saprolite	3.94
BSMA145	U0965	4.00	4.30	0.30	Saprolite	3.99
BSMA145	U0966	4.30	4.70	0.40	Saprolite	5.24
BSMA145	U0967	4.70	5.30	0.60	Saprolite	5.71
BSMA145	U0968	5.30	5.70	0.40	Saprolite	4.76
BSMA145	U0969	5.70	6.00	0.30	Saprolite	4.71
BSMA145	U0970	6.00	6.50	0.50	Saprolite	5.30
BSMA145	U0971	6.50	7.00	0.50	Saprolite	5.83
BSMA145	U0972	7.00	7.50	0.50	Saprolite	6.19
BSMA145	U0973	7.50	8.00	0.50	Saprolite	3.36
BSMA145	U0974	8.00	8.50	0.50	Saprolite	3.32
BSMA145	U0975	8.50	9.00	0.50	Saprolite	5.22
BSMA145	U0976	9.00	9.50	0.50	Saprolite	6.70
BSMA145	U0977	9.50	10.00	0.50	Saprolite	6.03
BSMA146	U0978	0.30	0.70	0.40	Saprolite	2.68
BSMA146	U0979	0.70	1.00	0.30	Saprolite	4.43
BSMA146	U0981	1.00	1.50	0.50	Saprolite	5.71
BSMA146	U0982	1.50	2.00	0.50	Saprolite	5.01
BSMA146	U0983	2.00	2.50	0.50	Saprolite	6.23
BSMA146	U0984	2.50	3.00	0.50	Saprolite	5.82
BSMA146	U0985	3.00	3.80	0.80	Saprolite	3.36
BSMA146	U0986	3.80	4.50	0.70	Saprolite	5.23
BSMA146	U0987	4.50	5.00	0.50	Saprolite	1.25
BSMA146	U0988	5.00	5.40	0.40	Saprolite	1.53
BSMA147	U0989	0.30	0.70	0.40	Saprolite	3.08

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA147	U0990	0.70	1.20	0.50	Saprolite	1.93
BSMA147	U0992	1.20	1.70	0.50	Saprolite	4.24
BSMA147	U0993	1.70	2.30	0.60	Saprolite	5.45
BSMA147	U0994	2.30	3.00	0.70	Saprolite	5.70
BSMA147	U0995	3.00	3.50	0.50	Saprolite	5.91
BSMA147	U0996	3.50	4.00	0.50	Saprolite	5.07
BSMA147	U0997	4.00	4.50	0.50	Saprolite	6.96
BSMA147	U0998	4.50	5.00	0.50	Saprolite	6.59
BSMA148	U0999	0.40	1.00	0.60	Saprolite	0.00
BSMA148	V0001	1.00	1.50	0.50	Saprolite	0.61
BSMA148	V0002	1.50	2.00	0.50	Saprolite	0.46
BSMA148	V0003	2.00	2.50	0.50	Saprolite	0.30
BSMA148	V0004	2.50	3.00	0.50	Saprolite	0.04
BSMA148	V0005	3.00	3.50	0.50	Saprolite	0.26
BSMA148	V0006	3.50	4.00	0.50	Saprolite	0.06
BSMA148	V0007	4.00	4.50	0.50	Saprolite	0.47
BSMA148	V0008	4.50	5.00	0.50	Saprolite	0.44
BSMA148	V0009	5.00	5.50	0.50	Saprolite	0.39
BSMA148	V0010	5.50	6.00	0.50	Saprolite	0.29
BSMA149	V0011	3.50	4.00	0.50	Saprolite	6.95
BSMA149	V0012	4.00	4.50	0.50	Saprolite	6.80
BSMA149	V0013	4.50	5.00	0.50	Saprolite	6.45
BSMA149	V0014	5.00	5.50	0.50	Saprolite	5.69
BSMA149	V0015	5.50	6.00	0.50	Saprolite	6.64
BSMA149	V0016	6.00	6.50	0.50	Saprolite	6.35
BSMA149	V0017	6.50	7.00	0.50	Saprolite	6.59
BSMA149	V0018	7.00	7.50	0.50	Saprolite	6.03
BSMA149	V0019	7.50	8.00	0.50	Saprolite	6.80
BSMA149	V0021	8.00	8.50	0.50	Saprolite	5.91
BSMA149	V0022	8.50	9.00	0.50	Saprolite	5.88
BSMA149	V0023	9.00	9.50	0.50	Saprolite	6.93
BSMA149	V0024	9.50	10.00	0.50	Saprolite	5.68
BSMA150	V0025	0.50	1.00	0.50	Saprolite	2.92
BSMA150	V0026	1.00	1.50	0.50	Saprolite	1.45
BSMA150	V0027	1.50	2.00	0.50	Saprolite	1.57
BSMA150	V0028	2.00	2.50	0.50	Saprolite	1.78
BSMA150	V0029	2.50	3.00	0.50	Saprolite	1.55
BSMA150	V0030	3.00	3.50	0.50	Saprolite	1.22
BSMA150	V0031	3.50	4.00	0.50	Saprolite	0.90
BSMA150	V0032	4.00	4.50	0.50	Saprolite	1.37
BSMA150	V0033	4.50	5.00	0.50	Saprolite	1.95
BSMA150	V0034	5.00	5.50	0.50	Saprolite	1.21
BSMA150	V0035	5.50	6.00	0.50	Saprolite	3.24
BSMA150	V0036	6.00	6.50	0.50	Saprolite	3.19
BSMA150	V0037	6.50	7.00	0.50	Saprolite	4.99
BSMA150	V0038	7.00	7.50	0.50	Saprolite	2.61

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA150	V0039	7.50	8.00	0.50	Saprolite	3.19
BSMA150	V0041	8.00	8.50	0.50	Saprolite	4.50
BSMA150	V0042	8.50	9.00	0.50	Saprolite	5.61
BSMA150	V0043	9.00	9.50	0.50	Saprolite	2.68
BSMA150	V0044	9.50	10.00	0.50	Saprolite	2.08
BSMA151	V0045	0.50	1.00	0.50	Saprolite	0.97
BSMA151	V0046	1.00	1.50	0.50	Saprolite	2.62
BSMA151	V0047	1.50	2.20	0.70	Saprolite	5.31
BSMA151	V0048	2.20	2.70	0.50	Saprolite	4.60
BSMA151	V0049	2.70	3.20	0.50	Saprolite	2.10
BSMA151	V0050	3.20	3.70	0.50	Saprolite	2.54
BSMA151	V0052	3.70	4.50	0.80	Saprolite	1.99
BSMA151	V0053	4.50	5.00	0.50	Saprolite	1.73
BSMA151	V0054	5.00	5.50	0.50	Saprolite	1.79
BSMA151	V0055	5.50	6.00	0.50	Saprolite	2.51
BSMA151	V0056	6.00	6.50	0.50	Saprolite	4.13
BSMA151	V0057	6.50	7.00	0.50	Saprolite	3.90
BSMA151	V0058	7.00	7.50	0.50	Saprolite	2.01
BSMA151	V0059	7.50	8.00	0.50	Saprolite	3.57
BSMA151	V0061	8.00	8.50	0.50	Saprolite	4.76
BSMA151	V0062	8.50	9.00	0.50	Saprolite	3.11
BSMA151	V0063	9.00	9.50	0.50	Saprolite	4.25
BSMA151	V0064	9.50	10.00	0.50	Saprolite	3.19
BSMA151	V0065	10.00	10.50	0.50	Saprolite	7.68
BSMA151	V0066	10.50	11.00	0.50	Saprolite	5.68
BSMA151	V0067	11.00	11.50	0.50	Saprolite	4.81
BSMA151	V0068	11.50	12.00	0.50	Saprolite	6.05
BSMA152	V0069	0.40	1.00	0.60	Saprolite	1.98
BSMA152	V0070	1.00	1.50	0.50	Saprolite	2.91
BSMA152	V0071	1.50	2.00	0.50	Saprolite	4.12
BSMA152	V0072	2.00	2.50	0.50	Saprolite	5.28
BSMA152	V0073	2.50	3.00	0.50	Saprolite	5.30
BSMA152	V0074	3.00	3.50	0.50	Saprolite	6.08
BSMA152	V0075	3.50	4.00	0.50	Saprolite	6.39
BSMA152	V0076	4.00	4.50	0.50	Saprolite	6.50
BSMA152	V0077	4.50	5.00	0.50	Saprolite	6.27
BSMA152	V0078	5.00	5.50	0.50	Saprolite	3.04
BSMA152	V0079	5.50	5.70	0.20	Saprolite	3.47
BSMA153	V0081	0.50	1.20	0.70	Saprolite	4.14
BSMA153	V0082	1.20	1.80	0.60	Saprolite	4.96
BSMA153	V0083	1.80	2.50	0.70	Saprolite	4.49
BSMA153	V0084	2.50	3.00	0.50	Saprolite	5.15
BSMA153	V0085	3.00	3.50	0.50	Saprolite	5.94
BSMA153	V0086	3.50	4.00	0.50	Saprolite	4.79
BSMA153	V0087	4.00	4.50	0.50	Saprolite	5.59
BSMA153	V0088	4.50	5.00	0.50	Saprolite	4.83

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA153	V0089	5.00	5.50	0.50	Saprolite	6.24
BSMA153	V0090	5.50	6.00	0.50	Saprolite	5.70
BSMA153	V0092	6.00	6.50	0.50	Saprolite	5.61
BSMA153	V0093	6.50	7.00	0.50	Saprolite	6.09
BSMA154	V0094	2.50	2.80	0.30	Saprolite	1.09
BSMA154	V0095	2.80	4.00	1.20	Saprolite	0.01
BSMA154	V0096	4.00	4.50	0.50	Saprolite	0.20
BSMA154	V0097	4.50	5.00	0.50	Saprolite	0.17
BSMA154	V0098	5.00	5.50	0.50	Saprolite	0.11
BSMA154	V0099	5.50	6.00	0.50	Saprolite	0.25
BSMA155	V0101	0.40	1.00	0.60	Saprolite	0.04
BSMA155	V0102	1.00	1.50	0.50	Saprolite	0.20
BSMA155	V0103	1.50	2.00	0.50	Saprolite	0.06
BSMA155	V0104	2.00	2.50	0.50	Saprolite	0.17
BSMA155	V0105	2.50	3.20	0.70	Saprolite	0.25
BSMA155	V0106	3.20	3.50	0.30	Saprolite	0.68
BSMA155	V0107	3.50	4.00	0.50	Saprolite	0.05
BSMA155	V0108	4.00	4.40	0.40	Saprolite	0.11
BSMA155	V0109	4.40	5.00	0.60	Saprolite	0.22
BSMA155	V0110	5.00	5.50	0.50	Saprolite	0.09
BSMA155	V0111	5.50	6.00	0.50	Saprolite	0.50
BSMA155	V0112	6.00	6.50	0.50	Saprolite	0.23
BSMA155	V0113	6.50	7.00	0.50	Saprolite	0.15
BSMA155	V0114	7.00	7.50	0.50	Saprolite	0.18
BSMA155	V0115	7.50	8.00	0.50	Saprolite	0.35
BSMA155	V0116	8.00	8.50	0.50	Saprolite	0.23
BSMA155	V0117	8.50	9.00	0.50	Saprolite	0.24
BSMA155	V0118	9.00	9.50	0.50	Saprolite	0.04
BSMA155	V0119	9.50	10.00	0.50	Saprolite	0.07
BSMA156	V0121	0.20	1.00	0.80	Saprolite	0.14
BSMA157	V0122	0.50	1.00	0.50	Saprolite	0.14
BSMA157	V0123	1.00	1.50	0.50	Saprolite	0.29
BSMA157	V0124	1.50	2.00	0.50	Saprolite	0.29
BSMA157	V0125	2.00	2.50	0.50	Saprolite	0.41
BSMA157	V0126	2.50	3.00	0.50	Saprolite	0.30
BSMA157	V0127	3.00	3.50	0.50	Saprolite	0.49
BSMA157	V0128	3.50	4.00	0.50	Saprolite	0.19
BSMA157	V0129	4.00	4.50	0.50	Saprolite	0.32
BSMA157	V0130	4.50	4.80	0.30	Saprolite	3.13
BSMA157	V0131	4.80	5.00	0.20	Saprolite	2.52
BSMA157	V0132	5.00	5.50	0.50	Saprolite	2.05
BSMA157	V0133	5.50	6.00	0.50	Saprolite	0.27
BSMA157	V0134	6.00	6.50	0.50	Saprolite	1.04
BSMA157	V0135	6.50	7.20	0.70	Saprolite	1.37
BSMA157	V0136	7.20	7.80	0.60	Saprolite	2.49
BSMA157	V0137	7.80	8.50	0.70	Saprolite	1.29

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA157	V0138	8.50	9.00	0.50	Saprolite	0.48
BSMA157	V0139	9.00	9.50	0.50	Saprolite	0.18
BSMA157	V0141	9.50	10.00	0.50	Saprolite	0.07
BSMA157	V0142	10.00	10.50	0.50	Saprolite	3.67
BSMA157	V0143	10.50	10.80	0.30	Saprolite	2.95
BSMA157	V0144	10.80	11.50	0.70	Saprolite	7.77
BSMA157	V0145	11.50	12.00	0.50	Saprolite	28.76
BSMA157	V0146	12.00	12.50	0.50	Saprolite	9.32
BSMA157	V0147	12.50	13.00	0.50	Saprolite	9.01
BSMA157	V0148	13.00	13.30	0.30	Saprolite	4.87
BSMA158	V0149	0.50	1.20	0.70	Saprolite	4.59
BSMA158	V0150	1.20	2.00	0.80	Saprolite	1.66
BSMA158	V0152	2.00	2.50	0.50	Saprolite	2.22
BSMA158	V0153	2.50	3.20	0.70	Saprolite	4.55
BSMA158	V0154	3.20	4.00	0.80	Saprolite	2.23
BSMA158	V0155	4.00	4.50	0.50	Saprolite	2.00
BSMA158	V0156	4.50	5.00	0.50	Saprolite	2.10
BSMA158	V0157	5.00	5.50	0.50	Saprolite	3.02
BSMA158	V0158	5.50	6.00	0.50	Saprolite	5.13
BSMA158	V0159	6.00	7.00	1.00	Saprolite	7.34
BSMA158	V0161	7.00	7.50	0.50	Saprolite	5.53
BSMA158	V0162	7.50	8.00	0.50	Saprolite	6.33
BSMA158	V0163	8.00	8.50	0.50	Saprolite	5.45
BSMA158	V0164	8.50	9.00	0.50	Saprolite	6.20
BSMA158	V0165	9.00	9.50	0.50	Saprolite	5.06
BSMA158	V0166	9.50	10.00	0.50	Saprolite	5.65
BSMA158	V0167	10.00	10.50	0.50	Saprolite	6.74
BSMA158	V0168	10.50	11.00	0.50	Saprolite	4.87
BSMA158	V0169	11.00	11.50	0.50	Saprolite	4.48
BSMA158	V0170	11.50	12.00	0.50	Saprolite	4.82
BSMA158	V0171	12.00	12.50	0.50	Saprolite	5.71
BSMA158	V0172	12.50	13.00	0.50	Saprolite	5.14
BSMA158	V0173	13.00	13.50	0.50	Saprolite	6.44
BSMA158	V0174	13.50	14.00	0.50	Saprolite	5.62
BSMA159	V0175	0.50	1.00	0.50	Saprolite	0.27
BSMA159	V0176	1.00	1.50	0.50	Saprolite	0.20
BSMA159	V0177	1.50	2.20	0.70	Saprolite	0.06
BSMA159	V0178	2.20	3.00	0.80	Saprolite	0.48
BSMA159	V0179	3.00	3.50	0.50	Saprolite	0.15
BSMA159	V0181	3.50	4.00	0.50	Saprolite	0.04
BSMA159	V0182	4.00	4.50	0.50	Saprolite	0.21
BSMA159	V0183	4.50	5.00	0.50	Saprolite	0.42
BSMA159	V0184	5.00	5.50	0.50	Saprolite	0.02
BSMA159	V0185	5.50	6.20	0.70	Saprolite	0.04
BSMA159	V0186	6.20	7.00	0.80	Saprolite	0.34
BSMA159	V0187	7.00	7.50	0.50	Saprolite	0.17

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA159	V0188	7.50	8.00	0.50	Saprolite	0.37
BSMA159	V0189	8.00	8.50	0.50	Saprolite	0.97
BSMA159	V0190	8.50	9.00	0.50	Saprolite	0.15
BSMA160	V0192	0.30	0.50	0.20	Saprolite	0.19
BSMA160	V0193	0.50	1.50	1.00	Saprolite	0.05
BSMA160	V0194	1.50	2.00	0.50	Saprolite	2.19
BSMA160	V0195	2.00	2.60	0.60	Saprolite	5.46
BSMA160	V0196	2.60	3.30	0.70	Saprolite	3.16
BSMA160	V0197	3.30	3.80	0.50	Saprolite	4.09
BSMA160	V0198	3.80	4.50	0.70	Saprolite	3.55
BSMA160	V0199	4.50	5.40	0.90	Saprolite	0.67
BSMA160	V0201	5.40	5.70	0.30	Saprolite	1.46
BSMA160	V0202	5.70	6.50	0.80	Saprolite	0.07
BSMA160	V0203	6.50	7.00	0.50	Saprolite	0.86
BSMA160	V0204	7.00	7.50	0.50	Saprolite	0.91
BSMA160	V0205	7.50	8.00	0.50	Saprolite	0.26
BSMA161	V0206	0.20	1.00	0.80	Saprolite	0.12
BSMA161	V0207	1.00	1.80	0.80	Saprolite	0.35
BSMA161	V0208	1.80	2.50	0.70	Saprolite	0.34
BSMA161	V0209	2.50	3.00	0.50	Saprolite	0.33
BSMA162	V0210	1.20	1.80	0.60	Saprolite	2.17
BSMA162	V0211	1.80	2.20	0.40	Saprolite	1.64
BSMA162	V0212	2.20	3.00	0.80	Saprolite	1.65
BSMA162	V0213	3.00	3.50	0.50	Saprolite	2.58
BSMA162	V0214	3.50	3.80	0.30	Saprolite	2.07
BSMA162	V0215	3.80	4.30	0.50	Saprolite	6.61
BSMA162	V0216	4.30	5.20	0.90	Saprolite	5.63
BSMA162	V0217	5.20	5.50	0.30	Saprolite	4.86
BSMA162	V0218	5.50	6.00	0.50	Saprolite	1.55
BSMA162	V0219	6.00	6.50	0.50	Saprolite	2.04
BSMA162	V0221	6.50	7.00	0.50	Saprolite	2.55
BSMA162	V0222	7.00	7.80	0.80	Saprolite	2.12
BSMA162	V0223	7.80	8.00	0.20	Saprolite	5.10
BSMA163	V0224	0.30	1.00	0.70	Saprolite	1.27
BSMA163	V0225	1.00	1.50	0.50	Saprolite	1.35
BSMA163	V0226	1.50	2.00	0.50	Saprolite	1.34
BSMA163	V0227	2.00	2.30	0.30	Saprolite	2.37
BSMA163	V0228	2.30	2.80	0.50	Saprolite	6.71
BSMA163	V0229	2.80	3.40	0.60	Saprolite	8.63
BSMA163	V0230	3.40	3.80	0.40	Saprolite	7.11
BSMA163	V0231	3.80	4.50	0.70	Saprolite	0.78
BSMA163	V0232	4.50	5.00	0.50	Saprolite	1.10
BSMA163	V0233	5.00	5.30	0.30	Saprolite	0.39
BSMA163	V0234	5.30	5.70	0.40	Saprolite	0.92
BSMA163	V0235	5.70	6.50	0.80	Saprolite	0.75
BSMA163	V0236	6.50	7.00	0.50	Saprolite	0.87

ASX ANNOUNCEMENT 10 JULY 2018

Collar ID	Sample ID	From (m)	To (m)	Interval (m)	Lithology	FC (%)
BSMA163	V0237	7.00	7.50	0.50	Saprolite	0.75
BSMA163	V0238	7.50	8.00	0.50	Saprolite	0.67
BSMA163	V0239	8.00	8.50	0.50	Saprolite	0.41
BSMA163	V0241	8.50	9.00	0.50	Saprolite	0.31
BSMA163	V0242	9.00	9.50	0.50	Saprolite	0.05
BSMA164	V0243	0.30	1.00	0.70	Saprolite	1.18
BSMA164	V0244	1.00	1.50	0.50	Saprolite	3.62
BSMA164	V0245	1.50	2.20	0.70	Saprolite	2.00
BSMA164	V0246	2.20	3.00	0.80	Saprolite	4.69
BSMA164	V0247	3.00	3.50	0.50	Saprolite	7.57
BSMA164	V0248	3.50	4.00	0.50	Saprolite	6.70
BSMA164	V0249	4.00	4.50	0.50	Saprolite	0.41
BSMA164	V0250	4.50	5.00	0.50	Saprolite	0.26
BSMA164	V0252	5.00	5.50	0.50	Saprolite	1.67
BSMA164	V0253	5.50	6.00	0.50	Saprolite	1.45
BSMA164	V0254	6.00	6.50	0.50	Saprolite	3.02
BSMA164	V0255	6.50	7.00	0.50	Saprolite	1.91
BSMA164	V0256	7.00	7.50	0.50	Saprolite	1.94
BSMA164	V0257	7.50	8.00	0.50	Saprolite	3.48
BSMA164	V0258	8.00	8.50	0.50	Saprolite	0.39
BSMA164	V0259	8.50	9.00	0.50	Saprolite	0.56
BSMA164	V0243	0.30	1.00	0.70	Saprolite	1.18
BSMA164	V0244	1.00	1.50	0.50	Saprolite	3.62
BSMA164	V0245	1.50	2.20	0.70	Saprolite	2.00
BSMA164	V0246	2.20	3.00	0.80	Saprolite	4.69
BSMA164	V0247	3.00	3.50	0.50	Saprolite	7.57
BSMA164	V0248	3.50	4.00	0.50	Saprolite	6.70
BSMA164	V0249	4.00	4.50	0.50	Saprolite	0.41
BSMA164	V0250	4.50	5.00	0.50	Saprolite	0.26
BSMA164	V0252	5.00	5.50	0.50	Saprolite	1.67
BSMA164	V0253	5.50	6.00	0.50	Saprolite	1.45
BSMA164	V0254	6.00	6.50	0.50	Saprolite	3.02
BSMA164	V0255	6.50	7.00	0.50	Saprolite	1.91
BSMA164	V0256	7.00	7.50	0.50	Saprolite	1.94
BSMA164	V0257	7.50	8.00	0.50	Saprolite	3.48
BSMA164	V0258	8.00	8.50	0.50	Saprolite	0.39
BSMA164	V0259	8.50	9.00	0.50	Saprolite	0.56

ASX ANNOUNCEMENT 10 JULY 2018

JORC Code, 2012 Edition – Table

1

Discussion and results within this appendix relate to the Bass Metals Ltd – Mahela Project, Madagascar Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling techniques	• Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sounds, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	• Auger samples were collected and included composite samples of the graphite bearing host rocks. Visual estimation of graphite percentages and flake sizes have been used to define mineralisation prior to return of assays. The samples were solar dried, manually crushed, split twice through a 50/50 riffle splitter to obtain a representative sub-sample, weighing between 100-150g that was sent to the Bass Metals in-house laboratory for preliminary Fixed Carbon analysis.
Drilling techniques	• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc.).	• Not Applicable
Drill sample recovery	• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether	• Not Applicable

ASX ANNOUNCEMENT 10 JULY 2018

Criteria	JORC Code explanation	Commentary
	sample bias may have occurred due to preferential loss/gain of fine/coarse material.
Logging	• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. • The total length and percentage of the relevant intersections logged.	• Samples were all geologically logged and photographed, and geological recording of relevant data was captured on Bass Metals logging templates. All data was codified to a set company codes system as per sampling and logging procedures which are in place. • All logging included lithological features, estimates of graphite percentages and flake sizes which is quantitative and is recorded on the logging sheets. Photographs have been taken as a qualitative check on logging when the need arises.
Sub-sampling techniques and sample preparation	• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled.	• Samples were solar dried, crushed and split twice using a 50:50 riffle splitter. The crushing and splitting equipment was cleaned according to best practice procedures prior to every run. • Each sample was manually crushed to nominal -2mm and approximately 100-150g sub-samples was collected and send to the Bass Metals in-house laboratory in Madagascar. The in-house laboratory then pulverized such that 80% of the sample is - 75 micron or less in size. • Reject pulp samples will be sent to a SANAS accredited laboratory (Bureau Veritas) in South Africa for further analysis. • Certified graphite standards (GC-09 and GC-10) and silica blanks (AMIS0439) will be inserted with the dispatch of the samples to the SANAS accredited laboratory in South Africa. • SANAS Laboratory will insert check samples (blanks, standards and duplicates) to maintain QAQC standards.
Quality of assay data and laboratory tests	• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and	• Samples were analysed at the Bass Metals in-house laboratory for a preliminary evaluation of the carbon grade. The Muffle Furnace method was used to determine Loss on Ignition (LoI), Volatile Matter (VM) and Fixed Carbon (FC). • LoI Test: a crucible is placed on an electronic balance, primarily zeroed and the

ASX ANNOUNCEMENT 10 JULY 2018

Criteria	JORC Code explanation	Commentary
	model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	weight recorded. 1 gram +- 0.01 of the sample are added, the weight of crucible + sample are recorded. The crucible is placed in the Muffle Furnace at 950°C +-25°C for 8 hours continuously. After the crucible is removed and cooled, the ash + crucible is then weighed and recorded. The LoI % is calculated as follows: LOI % = (1 - !"#$%& () +% !"#$% () (,#$#-. +/0." ) × 100 • VM Test: a crucible is placed on an electronic balance, primarily zeroed and the weight recorded. 2 grams +- 0.01 of the sample are added, the weight of crucible + sample are recorded. The crucible is placed in the Muffle Furnace at 950°C +- 25°C for 7 minutes. After the crucible is removed and cooled, the ash + crucible is then weighed and recorded. The VM % is calculated as follows: V M % = (1 - !"#$%& () +% !"#$% () (,#$#-. +/0." ) × 100 • The FC % of the sample is calculated as follows: FC % = (LOI % - VM %) • Analysis by the SANAS Accredited Laboratory in South Africa may include sub- sample preparation included sorting and pulverizing such that 80% of the sample is - 75 micron or less in size. • A split of the sub-sample will be analysed using a LECO Analyser to determine Total Carbon (TC), Sulphur (S) and Graphitic Carbon (GC) contents (these are considered both partial and total digestion analyses). • For TC and S, a stream of oxygen passes through a prepared sample (0.05 to 0.6g), it is heated in a furnace to approximately 1350°C and the sulphur dioxide and carbon dioxide released from the sample are measured with infrared detection. • For GC, a 0.1g sample is leached with dilute hydrochloric acid to remove inorganic carbon. After filtering, washing and drying, the remaining sample residue is roasted at 425°C to remove organic carbon. The roasted residue is analysed for Carbon -

ASX ANNOUNCEMENT 10 JULY 2018

Criteria	JORC Code explanation	Commentary
		High temperature LECO furnace with infra- red detection. • Internal Laboratory check samples (blanks, standards and duplicates) are also analysed as per normal laboratory practice.
Verification of sampling and assaying	• The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data.	• All data was collected initially on paper log sheets by Bass Metals personnel. This data was hand entered into spreadsheets and validated by an external consultant. All paper log sheets were scanned, and electronic spreadsheets stored together with the photographs of the geological features logged. • The master collar, lithology and assay database with all photographs are backed- up and stored on an external hard drive. • No adjustments were made to the assay data.
Location of data points	• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control.	• Hand-held Garmin GPS’s were used to locate ager locations, and final location coordinates were completed taking average readings up to 5 minutes and with estimated positional errors between 1 and 3 meters. • The WGS84 UTM Zone 39S projection system is used at the Mahela Project.
Data spacing and distribution	• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied.	• Samples were collected along historical mapped graphitic units. The purpose of the auger locations was to confirm the presence of the historical mapped graphitic units within the project area. • The data collected is insufficient to determine a Mineral Resource and are considered preliminary exploration results only. • Sample compositing has not been applied.
Orientation of data in relation to geological structure	• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to	• Not Applicable

ASX ANNOUNCEMENT 10 JULY 2018

Criteria	JORC Code explanation	Commentary
	have introduced a sampling bias, this should be assessed and reported if material.
Sample security	• The measures taken to ensure sample security.	• Samples were stored in a secure storage area at the Bass Metals sample storage facility. • Samples bags were sealed as soon as sub- sampling was completed, and stored securely until dispatch to the laboratory in South Africa via courier.
Audits or reviews	• The results of any audits or reviews of sampling techniques and data.	• Not Applicable

ASX ANNOUNCEMENT 10 JULY 2018

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area.	• Exploitation permit no PE 26670 is located in the Toamasina Province of Madagascar and held by the Malagasy company, Graph- Mada SARL which is a wholly owned subsidiary of the ASX listed company, Bass Metals Ltd. Permit no PE 26670 was granted on 21/01/2008and is valid for 40 years. • The permit is in good standing, and all statuary approvals are in place to conduct exploration and exploitation activities throughout this permit area, including mining.
Exploration done by other parties	• Acknowledgment and appraisal of exploration by other parties.	• Not applicable as no previous exploration has been carried out.
Geology	• Deposit type, geological setting and style of mineralisation.	• Crystalline “hard rock” flake graphite deposits occur in graphitic gneisses within Neoproterozoic metasedimentary type rocks and include accessory minerals of biotite (± sillimanite / kyanite, ± garnet). • Due to the tropical climate and because graphite is comparatively inert, weathering of the “hard rock” graphitic gneiss units further concentrate the graphite to form residual regolith-hosted accumulations within the weathered profile. • Regolith refers to weathered material that occurs above unweathered bedrock. Two primary subdivisions are the pedolith (PED) and the saprolith (SAP). Secondary subdivisions of the pedolith, from the surface downwards, include soil (SL), ferruginous zone (FZ), and the mottled zone (MZ). Secondary subdivisions of the saprolith, include saprolite (SP) and saprock (SR). • The Mahela Project contains at least 3 lenticular bodies of flake graphite within the weathered profile described above. The 3 parallel striking graphitic units strike approx. northwest - southeast over strike distances from 600m and is open ended in to the north and south.
Drill hole Information	• A summary of all information material to the understanding of the exploration	• Not Applicable

ASX ANNOUNCEMENT 10 JULY 2018

Criteria	JORC Code explanation	Commentary
	results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o Drillhole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.
Data aggregation methods	• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated.	• Samples from augering have been reported as in-situ Fixed Carbon grades as analysed by the Bass Metals in-house laboratory. • No Metal Equivalents have been stated.
Relationship between mineralisation widths and intercept lengths	• These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drillhole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	• Not Applicable
Diagrams	• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported.	• This information has been accurately represented in the announcement and contains all relevant information required for the reader to understand the scale,

ASX ANNOUNCEMENT 10 JULY 2018

Criteria	JORC Code explanation	Commentary
	• These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	orientation and nature of the 3 graphitic units and sample locations.
Balanced reporting	• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	• The summary table of all the auger sample results are contained within the announcement.
Other substantive exploration data	• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	• Not Applicable
Further work	• The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	• A systematic exploration drilling program will be planned over prospect, in addition to further auger and pitting with sampling, for grade estimation, flake size distribution and metallurgical testing.