16 Thelma Street WEST PERTH WA 6005

PO Box 1330 WEST PERTH WA 6872 Telephone (08) 9322 8044 Facsimile (08) 9481 2846

www.bassmetals.com.au

ABN 31 109 933 995 15 November 2010 The Manager Companies Company Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000 Dear Sirs PRESENTATION - CHINA INTERNATIONAL LEAD & ZINC CONFERENCE 2010 Bass Metals Ltd (ASX: BSM) is pleased to provide a copy of the presentation given by Mr Michael Rosenstreich, Managing Director, to the China International Lead & Zinc Conference 2010, held in Shenzhen, China. This is reportedly the largest lead and zinc focussed conference in the world with over 1,000 delegates attending. Bass was honoured to be the only foreign mining company invited to speak and generated a lot of interest in its projects and metal production opportunities. The attached presentation is very similar to the Brisbane Mining 2010 version with minor updates and some further details on concentrate production plans. Yours sincerely

Susan Hunter Company Secretary

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B M t l LtdBass Metals LtdA Junior Zn & Pb Producer from Australia

Chinese International Lead & Zinc Conference

ShenzhenNovember 2010.November 2010.F

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Why is Bass Metals here - the only mining company?Invited: Thank youInvited: Thank you

Good story: Bass is an interesting example of the exploration – to mining cycle; the upstream part of your business.

Emerging Producer:

Independent base & precious metals producer-no Life of Mine contracts.

Large Pb & Zn resources:

Need to establish profile and relationships with smelters and traders in China-large gmetals market.

Production Plan to produce a bulk Pb Zn concentrateProductiongrowth:

Plan to produce a bulk Pb-Zn concentrate, so interested to meet potential buyers.

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A realistic growth story (talk outline)

Vision: Grow Bass into a profitable diversified mid-tier mining business

Measure: Aiming for a +$500M market value in 3-5 years

Means: Organic Growth – existing Mineral ResourcesNext step large scale production; 30kt Zn 15kt Pb 800t Cu 1 2Moz Ag & 7koz Au paNext step - large scale production; 30kt Zn, 15kt Pb, 800t Cu, 1.2Moz Ag & 7koz Au pa

More steps - increase reserves by including mod-low grade halo ore

Big new step - +1Moz gold resource - realistic production potential of +100koz pa

Organic Growth – exploration success

Employing new techniques – reaping exploration success

Compelling investment proposition with a track recordof growth and profits to dateg pF

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Disclaimer & Technical DetailAn Important Notice

DisclaimerStatements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends,production levels or rates, prices, reserves or potential growth of Bass Metals Ltd, industry growth or other trend projectionsare, or may be, forward-looking statements. Such statements relate to future events and expectations and, as such, involveknown and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed orimplied by these forward looking statements depending on a variety of factors.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in anyjurisdictionjurisdiction.

Technical DetailThis presentation aims to provide a high level summary of various technical aspects of the Company’s projects. For moredetails on the underlying technical parameters the reader is referred to the ASX Reports on the Bass Metals’ website:details on the underlying technical parameters the reader is referred to the ASX Reports on the Bass Metals website:www.bassmetals.com.au

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Competent PersonAn Important Notice

EXPLORATION RESULTS

The information within this report that relates to exploration results is based on information compiled by Mr Kim Denwer and Mr Michael Rosenstreich who are both full time employees of the Company. Mr Rosenstreich is a Member of The Australasian Institute of Mining and Metallurgy and Mr Denwer is a Member of the Australian Institute of Geoscientists. They both, individually have sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities currently being undertaken to qualify as a Competent Person(s) as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)” and they consent to the inclusion of this information in the form and context in which it appears in this report.

MINERAL RESOURCES AND ORE RESERVESMINERAL RESOURCES AND ORE RESERVES

The information in this report that relates to the Nico, S lens, QR 32 lenses at Que River and Fossey Mineral Resource estimates is based on information compiled by Mr Steve Richardson who is a fulltime employee of the company and a Member of the Australasian Institute of Mining and Metallurgy. Mr Richardson has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)”. Mr Richardson consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

The information in this report that relates to the PQ resource estimate at Que River and the Fossey and Que River Reserve estimates is based on information compiled by Mr Tim Akerman who is a full time employee of Mancala and a Member of the Australasian Institute of Mining and Metallurgy. Mr Akerman has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Reserves (the JORC Code)”. Mr Akerman consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

The information in this report that relates to Hellyer Remnant Ore Resource estimate is based on information compiled by Mr Neil Inwood who is a full time employee ofThe information in this report that relates to Hellyer Remnant Ore Resource estimate is based on information compiled by Mr Neil Inwood who is a full time employee of Coffey Mining and a Member of the Australasian Institute of Mining and Metallurgy. Mr Inwood has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Reserves (the JORC Code)”. Mr Inwood consents to the inclusion in this report of the matters based on the work performed by Coffey Mining in the form and context in which it appears.

The information in this report that relates to the Mt Charter Mineral Resource is based on information compiled by Mr Michael Andrew who is a full-time employee of Snowden Mining Industry Consultants and a Member of the Australasian Institute of Mining and Metallurgy. Mr Andrew has sufficient experience that is relevant to theSnowden Mining Industry Consultants and a Member of the Australasian Institute of Mining and Metallurgy. Mr Andrew 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 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)”. Mr Andrew consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

The information in this report that relates to the Hellyer Tails Mineral Resource estimate is based on information compiled by Mr John Tyrrell who is a full-time employee of AMC Consultants Pty Limited and a Member of the Australasian Institute of Mining and Metallurgy. Mr Tyrrell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the yp p y g, q y p"Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)". Mr Tyrrell consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

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IntroductionOperation in Tasmania, Australia – a mining State

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IntroductionCorporate Snapshot

Exchange Codes Australia: ASX:BSM (shares) Germany: R2F (F/furt & Berlin)

Share Price A$0.36 (11 November 2010) 12 month Hi/Lo - $0.38 /$0.16Share Price A$0.36 (11 November 2010) 12 month Hi/Lo $0.38 /$0.16

No. of Shares/options 185.8M / 9.86m unlisted options (various terms)

Market Value A$67MMarket Value A$67M

Financial Status $20M Cash & $12M Project Debt (estimate as at 31/10/10)

14 % Metals Finance Ltd (ASX:MFC)Shareholders

( )10 % JP Morgan NomineesTop 20 – 44%Board & Management 17%

Directors Don Boyer – Chair, Mike Rosenstreich – MDCraig McGown – NED & Tony Treasure – NED

Ben Hamilton-CFO, Victor Rajasooriar-Gp Mining Engineer, Management Brian Burdett – Tasmanian Operations Manager, Kim Denwer –

Exploration Manager, Susan Hunter – Coy Secretary.

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Next Growth step is based on-HMP Mineral Resources & Ore Reserves

Table 1: Fossey Ore Reserves as at 30 June 2010 – 5% Pb+Zn cut-off

Location JORC ClassificationTonnes

ktCopper

(%)Lead (%)

Zinc (%)

Silver (g/t)

Gold (g/t)

Fossey Total Probable 824 0.3 5.3 8.9 126 2.4Total Proved -

Total 824 0.3 5.3 9.0 127 2.4

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Next Growth step is based on-HMP Mineral Resources & Ore Reserves

Table 2: Combined Polymetallic Massive Sulphide Mineral Resources as at 30

JORC Tonnes

ktCopper

(%)Lead(%)

Zinc(%)

Silver(g/t)

Gold(g/t)

Table 2: Combined Polymetallic Massive Sulphide Mineral Resources as at 30 June 2010 – 5% Pb+Zn cut-off

Location Classificationkt (%) (%) (%) (g/t) (g/t)

Fossey Indicated 690 0.4 6.1 10.4 143 2.5Inferred 110 0.3 4.3 7.4 106 2.1Total 800 0.4 5.8 9.9 137 2.5

Hellyer Indicated 640 0 4 4 6 8 83 1 3Hellyer Remnants

Indicated 640 0.4 4 6.8 83 1.3Inferred 110 0.2 4.9 8.1 107 1.5Total 750 0.3 4.1 7 87 1.3

Que RiverPb-Zn Zone

Indicated 160 0.2 3.8 6.5 96 1.2Inferred 140 0.3 4.2 7.4 104 1.2Total 300 0.2 4 6.9 100 1.2

Que RiverCu Zone

Measured 60 1.7 0.7 2.1 69 0.3Indicated 260 1.9 1.6 4.3 68 0.3Inferred 60 2.5 0.2 0.6 33 0.2Total 380 2 1.3 3.4 63 0.3

Total Measured 60 1.7 0.7 2.1 69 0.3Indicated 1,750 0.6 4.5 7.8 106 1.6Inferred 420 0.6 3.8 6.6 95 1.4Total 2 230 0 6 4 2 7 4 103 1 5Total 2,230 0.6 4.2 7.4 103 1.5F

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Hellyer Mine Project (HMP) – Resources & Infrastructure

E ll t I f t tRail Link

Tailings Dam

• Excellent Infrastructure• 2.2Mt of resources• High-grade & polymetallic

1.5mtpa Hellyer Mill

Hellyer Resource

0.75Mt at 0.3% Cu, 4.1% Pb, 7% Zn, 87 g/t Ag & 1.3 g/t Au

Sealed Road access

Reticulated grid power Fossey Resource

0.8Mt at 0.4% Cu, 5.8% Pb, 9.9% Zn, 137 g/t Ag & 2.5g/t Au

Que River Resource

0.3Mt at 0.2% Cu, 4% Pb, 6.9% Z 100 / A & 1 2 / A

Zn, 137 g/t Ag & 2.5g/t Au

1kmZn, 100 g/t Ag & 1.2 g/t Au.

&0.38Mt at 2% Cu, 1.3% Pb, 3.4% Zn, 63 g/t Ag & 0.3 g/t Au

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HMP (Next Growth Phase)-Location Plan

Q Ri R

Fossey Zone - Ore Reserve0 82Mt t 9% Z 5% Pb

Que River Resource Mill feed years 1-2Mill feed years 3-5

0.82Mt at 9% Zn, 5% Pb,126 g/t Ag & 2.4 g/t Au

Fossey Decline Portal site

Hellyer Mill

H ll Z R

Hellyer Portal & Decline (Plugged)

Hellyer Zone Resource

Mill feed years 3-5

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HMP-Overview Phase 1 – Fossey Mine

Underground mine development is on track for ore deliveries in Decfor ore deliveries in Dec. to Mill stockpile.

• Underground mine with a 900m decline access to the ore body.• Ore production - simple & productive mine methodOre production simple & productive mine method.• Total workforce approx. 60-70 people.• Pre-production capital of $17M .(First Stope ore)

Fi t d ti D 2010• First ore production - Dec 2010For

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HMP-Overview Phase 1 – Fossey Mine: Current Status

Raise boring drill rig on ventilation rise shaft

Twin boom Jumbo in decline

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HMP-OverviewOre Processing

• Hellyer Mill is a 1.5Mtpa modern, purpose built flotation concentrator plant.• Process 400ktpa on a campaign basis – 4 weeks on/4 weeks off.• Bass owns Mill – 100% and has spare processing capacity.

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HMP-Overview Hellyer Mill Update

$4M refurbishment program underway.

Mechanical works – 95% completep

Electrical work – 90% complete

Overall refurbishment 93% completeOverall refurbishment – 93% complete.

Processing team of 30 - largely in place.

Commissioning in November-has started.

Mill refurbishment is on track and on budget to produce concentrates in January 2011concentrates in January 2011F

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HMP-Overview Hellyer concentrate logistics

All concentrate sales contracts in place:• Pb & Zn conc.’s to Nyrstar.• Cu-Ag-Au conc. To LN Metals

(UK).• Sales contracts – for Fossey

d it ldeposit only.

Concentrates will be trucked 90km to Burnie port

Burnie Port has specialist concentrates storage andconcentrates storage and ship loader facilities.

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HMP-Overview Hellyer concentrate sales

Fossey Concentrates-planed production Units Zinc

ConcentrateLead

ConcentrateCopper-Silver ConcentrateConcentrate Concentrate Concentrate

Zn % 53 10 16Pb % 6 59 7Ag g/t 150 478 4,300Au g/t 2.4 2.3 9Cu % - 0.4 18

Standard & quality Pb & Zn concentrates

As % 0.08 0.4 1.8

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HMP - OverviewStrong & Improved Financial Performance

Base case prices Current PricesFinancial Outcomes A$M A$/t ore A$M A$/t oreGross Revenue 235 268 246 280Net Smelter Return 171 195 185 211Site Operating costs 65 74 65 74Royalties 16 19 17 20EBITDA 90 102 103 117EBITDA 90 102 103 117

Start‐up Capital Costs 25 29 25 29O i C it l E dit 9 10 9 10Ongoing Capital Expenditure 9 10 9 10

EBIT 55 63 69 78EBIT Margin 32% 37%EBIT Margin 32% 37%C1 Cost/lb payable Zn after credits US$0.16 US$0.12

•C1 cost of US12 cents/lb payable Zn (after credits)C1 cost of US12 cents/lb payable Zn (after credits)•Lowest quartile of world cost curve

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HMP - OverviewStrong & Improved Financial Performance

Price & Currency assumptions UoM Base Case

(DFS )Current (30/9/10)

% Change(DFS ) (30/9/10) Change

Copper US$/t 6000 8064 34 Lead US$/t 2100 2300 10 Zinc US$/t 1950 2225 14 Silver US$/oz 17 22 29$Gold US$/oz 1000 1310 31 AUD USD 0.87 0.97 11

• 25% improvement in EBIT at 30 Sept prices.• Strong positive metal price outlook.

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HMP - OverviewPolymetallic = diverse revenue streams

Gross Revenue Split by payable metal (current prices)

Gross Revenue Split by Product (current prices)

Diversity of revenue/customer:• Payment for 5 metal streams• Payment for 3 products delivered to 3 destinationsPayment for 3 products delivered to 3 destinationsF

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HMP - OverviewCount-down to cash flow

Positive cash flow when concentrates delivered to port and loaded onto

t ’ hicustomer’s ship.

Countdown:Concentrate storage at Port/transport ship

4. Nov- start Mill commissioning3. Dec-complete 2nd Vent shaft (stoping)2 Jan start processing Fossey ore2. Jan-start processing Fossey ore1. Jan- first concentrate production

•Cost to date c. $17M. Cost to complete c.$8-10M (est 30 Sep.)•Payback in c 12 months•Payback – in c. 12 months.F

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More Steps - Organic Growth; Existing ResourcesIncreased Metal Production

Fact : Excess capacity in Hellyer Mill

Objective: Fill the Mill-Hellyer Mill • Lower unit costs• Increase metal production and profits

How:How:• Mine and Treat mod-low grade halo ore• Preconcentration technology• Re treat Hellyer tailings• Re-treat Hellyer tailings

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More Steps - Organic Growth; Existing ResourcesIncreased Metal Production

High grade Fossey Ore reserve (15% Pb+Zn)reserve (15% Pb+Zn)

Mod grade mineralised halo (5%- 15% Pb+Zn)( )

• At 5% (Pb+Zn) Cut-off grade – 0.8mt of resource at 15% (Pb + Zn)• At 0% (Pb+Zn) Cut-off – 2.3mt of resource at 5% (Pb+Zn)

Therefore opportunities to vary cut-off grades to increase tonnages significantly.

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More Steps - Organic Growth; Existing ResourcesIncremental Ore

Hellyer high-grade resources associated with lower grade vein stock works which are:vein stock works, which are:• High tonnage• Favourable metallurgy• Moderate grade: 8% Pb+Zn• Moderate grade: 8% Pb+Zn• Under drilled• Not mined historically

E i ti d t ti lExisting and potential stock work resources.

Increased ore & technological enhancement• E.g.: At 5% CoG – stock works typically grade 0.3% Cu, 3% Pb, 5% Zn, 52 g/t

Ag & 0.9 g/t Au..• Pre-concentration – e.g. HMS can sort ore from gangue minerals reducing the

mass and thereby increasing grade of economic minerals.

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Organic Growth – Existing ResourcesIncremental Ore

• Pre-concentration plant could further increase ore tonnagesE.g. If the mass of Mill feed is halved then the feed grade could be almost doubled by removal of gangue minerals.

• Conceptual capital cost $2 to $4M• Conceptual capital cost $2 to $4M• Conceptual operating cost $4 to $6/t

Less mass into the float circuit means lower costs, higher metal i d l t ili hi h fitrecoveries and less tailings = higher profits.

Heavy Media Separation Plant 50t/hr – concept from Como Engineers

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More Steps – based onHellyer Tailings Mineral Resources

Table 3: Hellyer Tails Combined Mineral Resource Estimate – 23 June 2009

JORC Classification Tonnesmt

Copper (%)

Lead(%)

Zinc(%)

Silver(g/t)

Gold(g/t)

Measured 4.9 0.2 3.1 2.8 105 2.7

Indicated 2.5 0.2 3.0 2.6 104 2.6

Inferred 2.1 0.2 2.9 1.7 103 2.4

Total 9.5 0.2 2.8 2.5 104 2.6

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Growth from existing resources Excess capacity in Hellyer Mill

Tailings re-treatment project:• Tails – 9.5Mt at 2.5% Zn, 2.8% Pb, 104 g/t Ag &

2.6 g/t Au. (product of former Hellyer Ops. 1986-2000)

• Aim utilise dredge to reclaim tailings reprocess• Aim - utilise dredge to reclaim tailings, reprocess and produce a bulk Pb-Zn concentrate grading 50% Pb+Zn with Ag credits.

Bass’ dredge on Hellyer Tails Dam (January 2010)Tails Resource

• Pre-feasibility study is in progress – Como Engineers &

Hellyer MillShore tanks & Piping

progress. – Como Engineers & CSA Global.

Hellyer Mill

1 km

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Growth from existing resources Excess capacity in Hellyer Mill

Hellyer Tailings re-treatment project: - concept

Historic Production 2006-08 (Previous owner)• Feed : 2Mt at 2 8% Zn 3% Pb & 89 g/t Ag• Feed : 2Mt at 2.8% Zn, 3% Pb & 89 g/t Ag• Product: 90kt of bulk concentrate:

• Zn – 37%• Pb - 12% (Pb + Zn=49%)Pb 12% (Pb + Zn 49%)• Ag - 195g/t• As - 0.77%

Time of high prices – typical “swing” productionBass plans for mid 2011:• Process 1Mtpa of Hellyer tails – on a campaign basis with Fossey ore.• Produce 30kt pa of a Bulk lead-zinc concentrate (as well std concentrates).p ( )• Undertaking extra test work to enhance Zn & Pb and reduce As levels.

Aim – process tails on an incremental cost basis and be a reliable long-termAim – process tails on an incremental cost basis and be a reliable long-term producer.

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Big Steps – based on Hellyer Tails and Mt Charter Mineral Resources

Table 4: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off30 October 2006

JORC ClassificationTonnes

mt

Gold

(g/t)

Silver

(g/t)

Zinc

(%)

Gold

koz

Silver

koz

Indicated 1.9 1.21 36.3 0.7 74 2,218

Inferred 4.2 1.22 35.2 0.4 165 4,754

TOTAL 6.1 1.22 35.5 0.5 239 6,972

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Big Steps - Growth from Existing ResourcesGold production-Diversity contributes to stability

Production Aim110koz gold(eq) pa

“Fall-back” target40koz gold(eq) pa

1 Based on REAL RESOURCES – 1 7Moz Gold (eq*)1. Based on REAL RESOURCES – 1.7Moz Gold (eq )

• Hellyer Tails: 1.35 Moz Au(eq) 9.5Mt at 2.6 g/t Au & 104 g/t Ag• Mt Charter: 0.34Moz Au(eq) 6.1Mt at 1.2 g/t Au & 36 g/t AgMt Charter: 0.34Moz Au(eq) 6.1Mt at 1.2 g/t Au & 36 g/t Ag

(does not include Au/Ag content in Fossey, Hellyer & Que Resources)

2. Based on REAL & DETAILED testwork from 1990’s

*(Au Eq = US$1310/oz Au and US$19/oz Ag = Au equivalent factor of 70.)1.

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Big Steps - Growth from Existing ResourcesGold production

Gold & Silver Recovery / Production / Cost EstimatesDirect Cyanidation Albion Process Pressure

OxidationUnits Au Ag Au Ag Au AgUnits Au Ag Au Ag Au Ag

Feed grade g/t 2.6 104 2.6 104 2.6 104Total Recovery % 25 40 86 82 37 65Metal recovered koz/pa 20.8 1,338 71.6 2,742 30.8 2,174p , , ,Gold (eq)production koz 40.2 111.4 62.3

Estimated total it ti A$/ 743 877 694site operating

costsA$/oz. 743 877 694

Operating margin % 46 36 50Capital Cost A$M 49.4 143.2 116.6

Scoping study results are encouraging.... Bass commences $1.7M Definitive Feasibility study on gold production.

Upside potential – company maker with possible surplus cash flow of $55M pa“down-side” – supplemental income of $25M pa.

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Organic Growth by DiscoveryBass is a successful explorer

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Organic Growth by DiscoveryBass is a successful explorer

• Mt Read Volcanic Belt is a world class VMS terrain.Populated by large scale high grade• Populated by large scale, high grade ore bodies such as:

Mt Lyell (Cu-Au)Rosebery (Cu Pb Zn Ag Au)Rosebery (Cu-Pb-Zn-Ag-Au)Henty (Au)Que River (Cu-Pb-Zn-Ag-Au)Hellyer (Cu-Pb-Zn-Ag-Au)

“Elephant Country” – never know what you could find!

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Growth by DiscoveryHighly Endowed VMS Terrain

500mya500mya

500mya

Modern black-smoker on flocean floor.

TodayTodayFor

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Growth by DiscoveryHighly Endowed District

VMS deposits occur in clusters, and the Hellyer-Que region has excellent potential to host more ore.

FosseyHellyer

Hellyer Deposit*:• World class VMS deposit

16 Mt 14% Z 7% Pb 0 4% C 167

Que River

• 16 Mt -14% Zn, 7% Pb, 0.4% Cu. 167 g/t Ag, 2.6 g/t Au

Fossey Deposit 0 8 Mt 10% Zn 6% Pb 0 4 % Cu

Mt Charter

• 0.8 Mt - 10% Zn, 6% Pb, 0.4 % Cu, 137 g/t Ag & 2.5 g/t Au.

Que River Deposit*: • 3 3 Mt – 13% Zn 7% Pb 0 7% Cu• 3.3 Mt – 13% Zn, 7% Pb, 0.7% Cu,

195 g/t Ag & 3.3 g/t Au.

Mt Charter• 6 1 Mt -1 2 g/t Au & 36 g/t Ag• 6.1 Mt -1.2 g/t Au & 36 g/t Ag.

*Important Note – Figures refer to historic production and existing resources based on data sourced from Mineral Resources Tasmania website and public reports to provide insight on the scale and polymetallic nature of the deposits

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Growth by DiscoveryFossey East

“Discovery drill hole traceDiscovery drill hole trace

25m alteration, with2.5m @ 6.3% Zn, 3.8% Pb, 56 / A & 1 8 / A

Fossey Ore Reserve

56 g/t Ag & 1.8 g/t Au.

Question – Is it the top of a new Fossey Lens?

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Growth by DiscoveryFossey East

25m alteration, with2 5m @ 6 3% Zn 3 8% Pb2.5m @ 6.3% Zn, 3.8% Pb, 56 g/t Ag & 1.8 g/t Au.

Fossey Ore Reserve30m alteration, with12.1m @ 9.1% Zn, 4.8% Pb, 0.6% Cu, 76 g/t Ag & 1.9 g/t Au.

Question – How big is the new lens?

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Growth by DiscoveryFossey East

Another new discovery – within 200m of Hellyer.y y• High grade-similar to Fossey reserve grades• Close to mine infrastructure• Open in all directions• Open in all directionsF

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Growth by DiscoverySwitchback

New target• 3 mineralised intercepts• Potentially ore grade• Open in all directions• Moderate grade clasts with 9 25m @ 8 5% Zn 3 3% Pb• Moderate grade – clasts with

mass flow units (Buchans style).

• Close to road and mill even

9.25m @ 8.5% Zn, 3.3% Pb, 69g/t Ag, 1.6 g/t Au,with2.4m @ 25% Zn, 8.6% Pb, 192 g/t Ag & 4.9 g/t Au.

• Close to road and mill, even Fossey decline (500m).

4m @ 5.9% Zn, 2.4% Pb, 79 g/t Ag & 1 1 g/t Au

11.05m @ 4.1% Zn, 1.8%

g/t Ag & 1.1 g/t Au.

11.05m @ 4.1% Zn, 1.8% Pb, 37g/t Ag, 0.8 g/t Au,with2.3m @ 8.3% Zn, 4.3% Pb, 74 g/t Ag & 1.3 g/t Au.

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Growth by Discovery“in the shadow of the Mill”

• Key exploration targets y p gare within 5km radius of the Hellyer Mill.

F & Mill• Large and small

discoveries and potentially be “cashed

Fossey & Fossey East

Mill

p yin”

Switchback

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Growth by DiscoverySuccessful Explorer

Bass has brought:• New “geological eyes”

• New ideas

• New exploration technologies

With a strong “attitude” to drill.

Success to date:• 2.3mt of high grade resources

• New Fossey discoveries

• Many new valid targets-SwitchbackMany new valid targets Switchback

Record of turning discoveries into ore and ore into cashore and ore into cashF

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Bass Metals – an exciting investment proposition

Increased and expanded productionLarge scale base metal production imminent –Phase 1 Fossey mine - $70M in EBIT in first 2 years alone.y

Organic growth from existing resourcesSeveral organic growth opportunities – incremental ore and tailings retreatment major boost to production and revenueretreatment – major boost to production and revenue

Large scale gold opportunity; possible company maker or just a “serious” cash supplement.

Highly leveraged to existing modern infrastructureTrack record of exploration success with recent new discoveries likely to add to mine life.

Experienced, motivated and innovative management team .

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Bass Metals a profitable discovery and mining businessp y g

Que River Ore Hellyer Ore Fossey OreQue River Ore Hellyer Ore Fossey Ore

Thank you for your interest

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