Element 25 Ltd
Element 25 Ltd (ASX:E25) is listed on the Australian Securities Exchange.
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Element 25 revising manganese estimate after completing Butcherbird infill drilling
Element 25 Ltd (ASX:E25) is preparing a revised manganese mineral resource estimate after completing 6,672 metres of aircore drilling at the Butcherbird project in WA.
The estimate is expected to upgrade the planned starter pit at the project from the inferred and indicated categories to the indicated and measured status.
Element 25 is targeting 25% measured and 75% indicated resources which would serve the initial 20-year mine plan.
This work would form the basis for a maiden reserve statement, which is expected to be published as part of the project's pre-feasibility study (PFS).
The Butcherbird high-purity deposit is a world-class manganese resource with current JORC-compliant resources in excess of 180 million tonnes of manganese ore.
Positive scoping study
A positive scoping study was received in respect of developing the deposit to produce high-purity manganese sulphate for lithium-ion battery cathodes and Electrolytic Manganese Metal for use in certain specialty steels.
Other Element 25 Ltd news
- Element 25 and OM Holdings extend manganese offtake exclusivity period for Butcherbird Project
2020-12-17 - Element 25 shares hit 9-year high after Elon Musk says manganese will be key part of Tesla’s EV batteries
2020-09-28 - Element 25 sees 2020 as transformational as it works to bring Butcherbird Manganese Project into production
2020-09-22 - Element 25 further de-risks Butcherbird Manganese Project as tests confirm process water supply
2020-08-03 - Element 25 more than doubles target with heavily oversubscribed SPP raising $3.2 million
2020-07-23
