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Amping Up for AMEC ’ s Investor Series Saturday 17[th] April, 2010. Perth, WA.

Disclaimer & Competent Person An Important Notice

Disclaimer

Statements 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 projections are, or may be, forward-looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied 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 any jurisdiction .

Competent Person

The information within this report that relates to exploration results is based on information compiled by Mr Michael Rosenstreich and Mr Kim Denwer 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 and they consent to the inclusion of this information in the form and context in which it appears in this report.

Technical Detail

This presentation aims to provide a high level summary of various technical aspects of the Company’s projects. For more 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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Bass Metals – 5 Big Hits

Bass Metals:

1. A profitable precious & base metals producer from Que River Mine.

2. Developing a larger mining and processing operation for production in Q4 2010.

3. A successful explorer – with significant high grade polymetallic resources and +1.0 Moz gold in resources on highly prospective tenements.

4. Owns 1.5mtpa fully complete, modern Hellyer concentrator plant.

5. Financially sound; record of profit results & current strong cash position of $18M

High grade, polymetallic deposits - Growth drivers – to build shareholder value
Value is calculated on total metal content based on average January 2010 metal prices and exchange rate

Introduction Bass Metals: The Movie

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Introduction Cor orate Sna shot p p


	Exchange Codes	Australia: ASX:BSM (shares) & BSMOA (options) Germany: R2F (F/furt & Berlin)
	Share Price	A$0.22 (15 April 2010) 12 month Hi/Lo - $0.35 /$0.09
	No. of Shares	170.5M
	Mkt. Cap. (undiluted)	~ A$38M
	No. Of Options	4.2M – listed & 6.0M – unlisted options, various terms
	Cash Position	A$17.6 M (as at end of March 2010)

	Shareholders	15 % Metals Finance Ltd (ASX:MFC) 5 % ANZ Nominees Geographic spread: 82% Australia & NZ 11% European
		4% Nth America 3% SE Asia
	Directors	Don Boyer – Chair, Mike Rosenstreich – MD
		Craig McGown NED & Tony Treasure NED – –

TALK OUTLINE FOLLOWS A STAGED PLAN TO BUILD SHAREHOLDER VALUE

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THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

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THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

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THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

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THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

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THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources ......and with Exploration success, multiple increments in value

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Que River Mine High grade open-pit, mining Cu-Pb-Zn-Ag & Au massive sulphide ore.

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Que River Mine initial growth platform for Bass

Que River; started in Sept, 2007:
Bass sells ore to MinMetals Rosebery Mill 42km away.
Ore mined & sold contains – 22kt of Zn, 12kt of Pb, 0.5kt Cu, 1Moz Ag & 21koz Au.
Generated:
�Sales revenue of c.A$50M
�At Margins on costs of c.50%
Funded all of Bass’; activities for 2 years and the purchase of the 1.5mtpa Hellyer Mill.
Demonstrated Bass’
operational abilities and determination
positive environmental & OH&S culture and values

Financial, Operational and Sustainability platform to develop the next bigger operation.

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Hellyer Mine Project : Major growth phase A new growth platform - onto “main bill”

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New Project The Hellyer Mine Project (HMP)

Development started – Production Q4 of 2010

2.3Mt of high grade Cu-Pb-Zn-Ag & Au resources-supporting a 5year mine concept.

• Modern 1 . 5mtpa flotation plant .

Initial Mine Plan for 1[st] 2.5 years: 885kt at 8.6% Zn, 5.0% Pb, 0.3% Cu, 120 g/t Ag & 2.4 g/t Au*
Initial production rate 400kt of ore mined/processed each year.
Products – high quality Pb & Zn concentrates plus a Cu-precious metals Conc.
•Brown-fields development means – lower risk..

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Refer Appendix for details and attribution

- HMP Location Plan

Que River -resource

0.71Mt at 5% Zn, 3% Pb, 1.2 g/t Au, 83 g /t A g & 0 . 9% C u

Fossey Decline Portal site

0.9km Decline trace c . 87m Decline advance to date

Fossey Zone - Ore Reserve 0 . 85M t at 9% Z n, 5% Pb , 120 g/t Ag & 2.3 g/t Au

Hellyer Mill

Hellyer Portal & Decline (Plugged)

Hellyer Zone-resource 0.75Mt at 7% Zn, 4%Pb, 87 g/t Ag & 1.3 g/t Au

New Mine Development Started • F ossey - new UG m ne i

New Project - HMP Mine Plans

Mancala – undertaking mining
$16M Capital expenditure (First Stope ore)
First ore production - Sept. Qtr. 2010

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New Project - HMP Mine Plans Fossey ecD line porta sl ite n ai l te March 2010

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Installing ground support for Decline portal
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Current status:

Approx. 87 metres down decline (15[th] April)
Slow progress – as expected, in first 80 metres where ground conditions forecast as poor and difficult .

Hellyer Mill – purpose built for Fossey ore

New Project - HMP Processing

Refurbishment has started-on track.
A$4M Capital expenditure
Nearly all maintenance and mill operators have worked at Hellyer before.
Planned commissioning - Sept. Qtr. 2010

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New Project - HMP Im roved outcomes with o timisation of DFS into Hell er O eratin Plan p p y p g

	HOP	HOP	DFS	DFS
Financial Outcomes	A$M	A$/t ore	A$M	A$/t ore
Gross Revenue	238	268	229	269

Net Smelter Return	172	194	175	205
Site Operating Costs	74	84	86	101
Royalties	15	17	14	17
EBITDA	83	94	74	87

Start-up Capital Costs	21	24	18	21
Ongoing Capital Expenditure	8	9	8	9


EBIT	54	61	48	57
EBIT Margin (%)	31%		28%
C1 Cost per lb payable Zn after credits	US$0.17		US$0.33

Lower Risk - Robust economics

•Reduced risk – allocated more time and hence more capital

•Reduced operating costs, improved revenue, strong margins

•Outstanding C1 Cost – lowest quartile on world cost curve.

Hellyer Tails & Gold Recovery Potential to increase production and extend project life

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Growth from existing resources Excess capacity in Hellyer Mill

Tailings re-treatment project:

Tails – 10Mt at 2.5% Zn, 2.8% Pb, 104 g/t Ag & 2.6 g/t Au.
Aim - to use dredge to reclaim tailings to produce a
bulk Pb-Zn concentrate grading c. 50% Pb+Zn with Ag credits
PFS is underway with Como Engineers and CSA Global.

In Progress:

New resource model suitable for scheduling.
Dredging costs & scheduling.
Mechanical modifications to Hellyer Mill to allow ' s.
swings between tails and hard rock feedstock
Concentrate marketing.
Preliminary results late May 2010.

Bass ’ dredge on Hellyer Tails Dam doing rehab. In Jan 2010

Growth from existing resources Gold Potential

Existing large gold rich Mineral Resources

1.2 Moz Au & 44 Moz Ag in JORC resources.
E xce ll en po en t t ti a l t o expan d resource ase. b
Refractory – gold not easily extracted.

Gold opportunity must be evaluated

- $10M of testwork and studies from 1980-90s
Technological advances since that time?
Hi h ld i ? g er go pr ce
Larger resource base than just tailings to gain a financial return on capital?
Existing processing facilities and operational footprint?

Current Status

Specialist metallurgical consultants, BatteryLimits appointed to find processing “solution” if one exists.

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Exploration Success Huge upside potential for investors – especially in the shadow of a Mill

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Exploration Upside Long-term Growth

Enormous scope to increase resources

BSM – has dominant & prospective land position.
“Hunting” for large scale high-grade VMS deposits.
”
• R ecen tl y upgra d e d th e “E xp ora l ti on oo T l B ox w ith new proven methods.

The West Coast of Tasmania contains giant polymetallic (Cu-Pb-Zn-Ag-Au) VMS deposits……..."Tassie Elephants”.

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Exploration Upside Highly Endowed District

VMS deposits occur in clusters, and the Hellyer-Que region is an intensely mineralised area with excellent potential to host more ore.

Hellyer Deposit:

World class VMS deposit
16 Mt 14% Z n, 7% Pb , . 0 4% C u. 167 g/t Ag, 2.6 g/t Au

Fossey Deposit

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

Mt Charter

6 . 1 Mt 1 . 2 g/t Au & 36 g/t Ag .

Exploration Upside Large Areas-Untested

Ore occurs within the :”Host Horizon”

Historic drilling focused by specific geophysical methods and NE “trend”
Clearly vast tracts of Host Horizon that are not tested by any drilling.
Nine New targets generated by new exploration techniques and technology.
Drill testin of tar ets started in December g g
To date 2 targets tested, 4 drill holes and 2 with mineralisation.

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Exploration Upside Large Areas-Untested

Recent exploration results

Nth Hellyer : 0.6m high-grade drill intercept Drilling in progress

D-Zone: +100m mineralised lens discovered in outcrop in +600m soil anomaly Drilling planned

Switchback: 2.4m high-grade drill intercept Further rd illing p annel d

Mt Charter (West) : New target-never drilled. Drilling underway

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Exploration Upside
West
Nth Hellyer Target
East
Encouraging Results
•
HLD999 HLD1001 Major gaps in the drilling to the North of
Hellyer, - testing 700 metres untested strike
length.
HLD1003 HLD1002
•
Historic drilling in area did not drill through the
ore position.
Nth Hellyer •
Target comprises East & West Zone
Target Area •
First hole –West Zone– HLD 999 intersected
0.6m at 13.9% Zn, 8.7% Pb, 132 g/t Ag & 0.9
g/t Au.
•
Holes 2&3 into East zone – no significant
resu lt s.
•
4 [th] Hole – in West Zone in progress
•
West target – 1 to 2 million tonnes
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Exploration Upside D-Zone Target

Hellyer

Mineralisation discovered at surface.

Fossey style mineralisation in 2 trenches 100m apart.

Fossey Mineralised Outcrop

Associated with +600m long soil anomaly
At the target ore-horizon position .
500m south of Fossey
An exciting outcropping target-drilling planned.

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Exploration Upside Mt Charter West

Drilling in Progress

MCD037 at 24m, target at 120m.
Close to the Mt Charter Au-Ag system
Discrete UTEM Anomaly.
Major regional alteration (fluid pathway) zone.

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VMS Target area

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Investment Case

Bass Metals

Is a producer, expanding a robust production profile.
Is a successful & active explorer.
Is exploring in Elephant country – for high grade, polymetallic VMS deposits.
4 . Owns the infrastructure to add value from new discoveries of all scales .
Has a track record of delivery since listing in Oct 2005.

And is poised for major growth phase

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Am in U - thank ou for listenin ! p g p y g

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Appendix – Mineral Resources

Combined Polymetallic Massive Sulphide Mineral Resources


Deposit	JORC Classification	Tonnes4 (m)	copper %	lead %	zinc %	silver g/t	gold g/t
Fossey1	Indicated	0.69	0.4	6.1	10.4	143	2.5
	Inferred	0.11	0.3	4.3	7.4	106	2.1

	T t l o a	0 80 .	0 4 .	5 8 .	9 9 .	137	2 5 .
Hellyer Remnants2	Indicated	0.64	0.4	4.0	6.8	83	1.3
	Inferred	0.11	0.2	4.9	8.1	107	1.5
	Total	0.75	0.3	4.1	7.0	87	1.3
	Measured	0.08	1.3	3.1	6.0	119	1.6
Que River3
	Indicated	0.45	1.2	2.8	5.6	85	0.7
	Inferred	0.18	1.0	2.6	4.8	72	0.7
	Total	0.72	1.1	2.8	5.4	85	0.8
Total Combined		2. 27	0.6	4.3	7.5	104	1.6

Fossey Resource is as reported to ASX 18[th] August 2009
Hellyer Remnant Resource is as reported to ASX 26 October 2007.
Que River Resource is as reported to ASX 14 September 2009.
Rounding errors may occur

Growth from existing resources Gold Potential

– Gold Inventory JORC Compliant Resources

Tonnes	Au	Ag	Zn	Pb	Cu	Au	Ag
Mt	g/t	g/t	%	%	%	Moz	Moz

1 Mt Charter - (0.7 g/t Au cut-off)
6.1	1.22	35.5				0.24	7
Fossey Expanded2 - (1.0g/t Au cut-off)

2 .5	1 9 .	66	3 3 .	1 .5	0 1 .	0 1 . 5	5
Hellyer Tailings3
9.5	2.6	104	2.5	2.8	0.2	0.79	32

Total Gold Resource Inventory
18.1	2.0	75				1.20	44

1 – Combined Indicated and Inferred JORC Resources (Refer Bass Metals Ltd 2008 Annual Report); 2 – Combined Indicated and Inferred JORC Resources (Refer report to ASX 30 September 2008)

3 – Combined Indicated and Inferred JORC Resources (refer report to ASX 23 June 2009.

4 – Rounding errors will occur.

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Appendix – Ore Reserves

Ore Reserve & Mining Inventory

The resource base underpinning the reserve estimate contains some 8% by mass (60k tonnes), material categorised as Inferred . This material is largely constrained to the periphery of the resource limits . This material has been included in the production schedule as a Mining Inventory.

Mining Inventory and Ore Reserves (as at September 2009)

Category	Volume (m3)	Tonnes (dmt)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)	Density
Mining Inventory	16,000	62,000	0.2	3.8	6.2	84	1.9	4.0
Probable (Stope Derived)	172,000	721,000	0.3	5.1	8.8	125	2.4	4.2
Probable (Dev. Derived)	17,000	69,000	0.3	5.2	8.4	101	1.9	4.1
	204,000	851,000	0.3	5.0	8.6	120	2.4	4.2

Competent Persons Attribution

This Ore Reserve estimate was prepared by Tim Akerman BSc (Hons) MAusIMM, and Adrian Molinia BE (Hons) FAusIMM. Mr Akerman and Molinia are employees of Mancala Pty Ltd. Mr Molinia has 35 years, and Mr Akerman 25 years experience as professionals in the Australian mining industry, mainly involved in the underground extraction of base metal deposits. Specifically, both were directly involved in the feasibilit y to and the extraction of the Hell y er de p osit as em p lo y ees of Aberfo y le Limited. The y also have extensive ex p erience in the estimation of resources and reserves over a wide variety of deposit styles. As such, Mr Akerman and Mr Molinia both meet the requirements as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (AusIMM/AIG/MCA, 2004), to be Competent Persons for the estimation of Hellyer Mine Project Mineral Resources and Ore Reserves.

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Appendix – Competent Persons Statement

Exploration Results

The information within this report that relates to exploration results is based on information compiled by Mr. Kim Denwer and Mr. Mike Rosenstreich who are both full time em p lo y ees of the Com p an y . Mr. Rosenstreich is a Member of The Australasian Institute of Minin g 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 and they consent to the inclusion of this information in the form and context in which it appears in this report.

Mineral Resources & Ore Reserves

Individual attributions relating to each of the Resource and Reserve estimates can be found within the ASX reports cited with each estimate presented within this report.

Technical Detail

This Report aims to provide a high level summary of various technical aspects of the Company’s projects. For more 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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AI assistant

GREENWING RESOURCES LTD — Investor Presentation 2010

65029_rns_2010-04-18_d33b0942-a2d8-4661-a74a-51c86540da78.pdf

Amping Up for AMEC ’ s Investor Series Saturday 17[th] April, 2010. Perth, WA.

Disclaimer & Competent Person An Important Notice

Disclaimer

Competent Person

Technical Detail

Bass Metals – 5 Big Hits

Bass Metals:

Introduction Cor orate Sna shot p p

TALK OUTLINE FOLLOWS A STAGED PLAN TO BUILD SHAREHOLDER VALUE

THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

THE PRIME OBJECTIVE IS TO BUILD SHAREHOLDER VALUE Realistic plan – based on current JORC Resources

Que River Mine initial growth platform for Bass

Hellyer Mine Project : Major growth phase A new growth platform - onto “main bill”

New Project The Hellyer Mine Project (HMP)

Development started – Production Q4 of 2010

- HMP Location Plan

New Project - HMP Mine Plans

New Project - HMP Mine Plans Fossey ecD line porta sl ite n ai l te March 2010

Current status:

Hellyer Mill – purpose built for Fossey ore

New Project - HMP Processing

New Project - HMP Im roved outcomes with o timisation of DFS into Hell er O eratin Plan p p y p g

Lower Risk - Robust economics

Hellyer Tails & Gold Recovery Potential to increase production and extend project life

Tailings re-treatment project:

In Progress:

Growth from existing resources Gold Potential

Existing large gold rich Mineral Resources

Gold opportunity must be evaluated

Current Status

Exploration Upside Long-term Growth

Enormous scope to increase resources

Exploration Upside Highly Endowed District

Hellyer Deposit:

Fossey Deposit

Que River Deposit

Mt Charter

Ore occurs within the :”Host Horizon”

Recent exploration results

Mineralisation discovered at surface.

Investment Case

Bass Metals

Am in U - thank ou for listenin ! p g p y g

Appendix – Mineral Resources

Combined Polymetallic Massive Sulphide Mineral Resources

Growth from existing resources Gold Potential

– Gold Inventory JORC Compliant Resources

Appendix – Ore Reserves

Ore Reserve & Mining Inventory

Mining Inventory and Ore Reserves (as at September 2009)

Competent Persons Attribution

Appendix – Competent Persons Statement

Exploration Results

Mineral Resources & Ore Reserves

Technical Detail

More from GREENWING RESOURCES LTD

GREENWING RESOURCES LTD Investor Presentation 2010