Element 25 Advances Manganese Pre-Feasibility Study

Element 25 Limited (ASX:E25) has announced that all key work streams are underway and progressing in relation to the pre-feasibility study on the production of high purity manganese from the company’s 100 percent owned Butcherbird project.

The Butcherbird project is considered to be Australia’s largest onshore manganese resource.

As quoted from the press release:

In early 2018, the company completed a scoping study which concluded that the project has the potential to support an economically robust development producing high purity manganese sulphate for the lithium ion battery markets as well as electrolytic manganese metal for the more traditional specialty steel markets. Based on these results the company initiated a pre-feasibility study to assess in more detail the pathway to commercialization for this world class resource.

Project Finance

As part of the funding solution for the Butcherbird Project, the company is in discussions with a number of independent advisory groups to provide early stage project financing services including initial engagement with potential funders, and advice on the available funding structures and strategies in relation to the project. Drilling programmes for infill drilling of the resource to measured status as well as groundwater exploration work have been planned and POW’s are lodged and approved respectively. These programmes are expected to commence when a suitable drilling rig becomes available.

Native Title Engagement

has commenced with the representatives of the traditional owners of the nyiaparli native title claim area to negotiate a native title agreement to allow the granting of the mining lease application at Butcherbird to progress.

Flowsheet Development

Discussions with CSIRO in relation to agreeing on a structure to collaboratively develop and commercialize the process technology that has been developed for the Butcherbird project are progressing and the company looks forward to announcing the details in due course.

Click here to read the full press release