Bass Metals Ltd, gold and base metal mining company listed on ASX, will acquire a 25% strategic interest in Graphmada which operates the high grade Lorahano graphite project, in Central-East Madagascar and about 100 km from the Tamatave Port.
Through a strategic agreement signed for this purpose with British Stratmin Global Resources Plc, holding 100% of Graphmada, Bass Metals will bring investments worth £ 2 million in this project, according to the communiqué.
The Lorahano graphite project is already in production to deliver prime quality graphite concentrate, large flakes and jumbo graphite, to an important off-taker based in the USA. “This is an excellent opportunity to position ourselves on a graphite asset in production with a cash flow supported by a wealthy off-take partner and an experienced technical team to sustain growth in the portfolio”, Rick Anthon, President of Bass Metals, commented.
Bass Metals Ltd, which had focused its operations on Tasmania and recently Turkey, has the option to get a better stand on the Loharano graphite through additional investments to acquire up to 35% interest in the Madagascar subsidiary of Stratmin Global.
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...
• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.• Drought-hit l...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
Cameroon authorized $1.039B in external borrowing from international private lenders to fund projects and clear arrears. The financing is part of...
• Tanzania and Burundi begin construction of a $2.15 billion cross-border railway.• The 240 km line will cut Dar es Salaam–Bujumbura cargo trips...
• Inflation slowed for the third straight month, dropping from 23.71% in April to 21.88% in July.• Food inflation fell sharply year-on-year, from 39.53%...
• Africa’s private equity market is shifting as exits increasingly involve sales between funds rather than IPOs or strategic buyers.• Q2 2025 saw 147...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...