- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Maiden Manganese Drilling Commences at Woodie Woodie North
Accelerate Resources Limited (ASX:AX8) ("AX8" or the “Company") is pleased to announce the start of its maiden manganese drilling program at Woodie Woodie North in the Pilbara.
Highlights
- Commencement of manganese exploration drilling at Woodie Woodie North in Western Australia’s Pilbara.
- Seven priority areas identified within a continuous 33km corridor.
- Targeting near surface oxide manganese as a feed for battery grade material as well as high grade siliceous manganese to supply the steel industry.
“We are the first company to consolidate the project area and create a continuous 33km corridor within the world-class manganese province. This is the first drilling campaign within the project area in a decade.”
“With multiple target areas identified by team Accelerate, we look forward to updating the market and shareholders of the progress at Woodie Woodie North as the initial results from this program become available.”
Drill targets were identified via extensive historical data review and confirmed by recent field work including mapping, surface sampling and interpretation of high- resolution imagery. The analysis identified more than 100 manganese outcrop areas distributed over a 32 km strike length. A total of seven priority drill targets have been identified of which four will be drilled during planned phase one drilling of between 3000m to 4000m (Figure 2).
Figure 2: Exploration target areas, including areas of manganese outcrop
Prior exploration within the Barramine Project area identified widespread manganese occurrences in a similar setting to those deposits elsewhere in the East Pilbara manganese province, in particular the Woodie Woodie manganese mine. These manganese deposits are localised along the contact between the Carawine Dolomite and the Pinjian Chert Breccia with more intense and larger scale mineralisation occurring along fault structures. At Barramine, several such zones of intense manganese mineralisation were identified through rock chip sampling, soil sampling, mapping and drilling.
Figure 1 Schematic manganese mineralisation model
Barramine Project Area 1, Area 3 and Area 4
Area 1 drilling within the Barramine Project will follow-up on known hydrothermal mineralisation along the strike of a major N-S trending structure as well as mineralisation along the contact between dolomite and chert breccia as depicted in the mineralisation model (Figure 3).
Multiple target areas have been identified and historically drilled in Areas 3 and 4. The aim of the current drilling is to follow-up and extend the mineralisation along strike of host structures as well as investigate mineralisation along the dolomite/breccia contact.
The drill results from these areas will be used for the development of a JORC compliant Mineral Resource Estimate.
Click here for the full ASX Release
This article includes content from Accelerate Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
South32 Reports Lower Manganese Output After Cyclone, Says Exports Will Resume in 2025
South32's (ASX:S32,OTC Pink:SHTLF) latest quarterly reportreveals how Tropical Cyclone Megan has impacted its Australian manganese operations in Groote Eylandt, located in the country's Northern Territory.
The company reported a 13 percent decline in saleable production of the metal at the location, amounting to a reduction of 352,000 wet metric tonnes over the nine month period ended in March of this year.
The cyclone, which wreaked havoc on March 16 and 17, unleashed rainfall of 681 millimetres accompanied by powerful wind gusts, marking it as the second strongest cyclone to hit the area in the past two decades.
The extreme weather inflicted damage on critical infrastructure at South32's manganese site, notably the wharf responsible for shipping manganese ore and a haulage bridge connecting mining areas to processing facilities.
Despite the setback, the company witnessed progress elsewhere, with aluminum production seeing a 1 percent increase year-to-date, with record production achieved at Hillside Aluminium and Brazil Aluminium ramping up.
For its part, the Cannington operation in Australia recorded a 15 percent uptick in payable zinc equivalent production, attributed to higher metal grades and effective mitigation strategies following adverse weather.
Illawarra Metallurgical Coal, which South32 has agreed to sell to Golden Energy and Resources and M Resources, saw a significant 60 percent increase in saleable coal production, driven by improved longwall performance. Conversely, Sierra Gorda experienced a 13 percent decrease in payable copper equivalent production due to lower planned copper grades.
Regarding the resumption of operations in Groote Eylandt, the company expects a delay due to the extensive damage.
Engineering studies are currently underway to assess the extent of the damage to the wharf and haulage road bridge, with the aim of informing the final schedule and capital costs for restoration. Preliminary estimates suggest that wharf operations and export sales are anticipated to resume in the third quarter of the firm's 2025 fiscal year.
Development and exploration updates
On the development side, South32 announced plans in Q1 to move forward at its Taylor deposit.
"We approved development of the Taylor zinc-lead-silver deposit at our Hermosa project, which is expected to deliver attractive returns over multiple decades and unlock further value as the first phase of our regional scale opportunity,” said CEO Graham Kerr. Taylor is located at the company's Hermosa project in Arizona.
This decision from South32 came after a comprehensive feasibility study confirming the project's potential to be a long-term, low-cost and low-carbon operation. The company expects to invest approximately US$2.16 billion in capital expenditure, and anticipates first production from Taylor in the second half of its 2027 fiscal year.
The company remains committed to other exploration and development activities at Hermosa as well. Future areas of growth include the Clark manganese deposit and polymetallic prospects like Peake and Flux.
Don't forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
March 2024 Quarterly Report
Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) is pleased to present its Quarterly Activities and Cash Flow Report.
Butcherbird Manganese Operations, Western Australia
- Detailed design, planning and procurement commences for Stage 2 Expansion Project to expand Butcherbird manganese ore production to 1.1 million tonnes per annum in line with a Feasibility Study (FS) completed in January 20241.
- Northern Australia Infrastructure Facility (NAIF) completes a strategic assessment of Butcherbird Stage 2 Expansion Project.
- Expansion Project is now proceeding with the detailed due diligence phase of NAIF’s assessment process.
- Manganese ore prices increasing, potentially in response to the South 32 Limited (S32) production disruption at Groote Eylandt. S32 is now estimating a repair timeline of ~12 months2.
Battery Grade High Purity Manganese (HPMSM) Development – Louisiana, USA
- E25 progresses engineering development, permitting, logistics and project financing via offtake and funding agreements for HPMSM facility in USA.
- Air Permit public meeting successfully completed paving the way for the formal issuance of the permit.
In January 2024, Element 25 Limited (E25, the Company) released a Feasibility Study (FS) on the proposed expansion of its 100%-owned Butcherbird Manganese Operations in Western Australia (WA) to target manganese concentrate production of 1.1 million tonnes per annum (Mtpa). The FS demonstrated strong economics with robust economic returns and rapid capital payback.
Expansion of the processing facility at Butcherbird is an important step in providing feedstock for the Company’s planned battery grade high purity manganese sulphate monohydrate (HPMSM) project to be built in Louisiana, USA in partnership with General Motors LLC and Stellantis NV3.
E25 is now, via a dedicated owners team supported by selected external contractors and consultants, advancing detailed design, planning and procurement activities for the Stage 2 expansion in parallel with financing.
Figure 1. Butcherbird Expansion Project Feasibility Study Summary4.
In parallel with expansion activities, the Company suspended Butcherbird’s current production operations, aiming to reduce operational cash outflows and re-focus resources and available cash on implementing the expansion plan outlined in the FS.
50,540mt of manganese concentrate was shipped on 27 January 2024. Approximately 15,000mt of manganese concentrate was subsequently transported to Port Hedland and will form part of a shipment scheduled to be loaded in early May 2024 (estimated). Stockpiles have now been depleted in line with care and maintenance activities on site, with haulage winding back and ultimately ceasing in early March 2024.
The current schedule anticipates operations to recommence in approximately 11 months following project financing being secured, when E25 plans to increase annual production to 1.1 million tonnes per annum of manganese oxide concentrate. Further detail and an updated schedule will be provided as the project team works through front-end engineering and design (FEED) activities.
Northern Australia Infrastructure Facility Strategic Assessment
During the quarter, the Northern Australia Infrastructure Facility (NAIF successfully completed a strategic assessment of the Butcherbird Stage 2 Expansion Project. The Expansion Project is now proceeding to the detailed due diligence phase of the NAIF assessment process.
Click here for the full ASX Release
This article includes content from Element 25 Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
E25 Presents at Paydirt Battery Minerals Conference - April 2024
This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.
This presentation contains multiple forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Element 25’s control, may cause the actual results, performance and achievements of Element 25 to differ materially from those expressed or implied in this presentation.
To the maximum extent permitted by law, Element 25 does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Element 25, and will not be responsible for any loss or damage arising from the use of the information.
The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Element 25 or its activities.
Click here for the full ASX Release
This article includes content from Element 25 Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Butcherbird Expansion Project Advances through NAIF Funding Process
Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) is pleased to advise the Northern Australia Infrastructure Facility (NAIF) has completed a strategic assessment of the Butcherbird Stage 2 Expansion Project (Butcherbird or Project). E25 aims to increase Butcherbird’s annual production to 1.1 million tonnes per annum of manganese oxide concentrate in line with the Feasibility Study (FS) announced in January 20241.
The Expansion Project is now proceeding to the detailed due diligence phase of the NAIF assessment process.
NAIF is a Commonwealth Government financier providing concessional loans for the development of infrastructure projects in northern Australia and the Australian Indian Ocean Territories to deliver economic and social growth2.
Completion of a strategic assessment by NAIF does not represent a formal decision to offer or commit finance. NAIF has not yet made any decision to offer finance or made any commitment to provide any financial support to the Project, and there is no certainty that an agreement will be reached between the parties.
Element 25 Managing Director Justin Brown said: “Our Butcherbird Project hosts a world-class manganese deposit with more than 260Mt in resources, which will has the ability to underpin a long life producing asset3. The results of our Feasibility Study for the Expansion Project1 show the potential for this asset to deliver over 1 million tonnes of manganese concentrate per year to market, generating strong returns for shareholders and providing feedstock for the Company’s planned HPMSM facility in Louisiana. Having NAIF involved in the project is a positive step towards financing its expansion.”
BUTCHERBIRD EXPANSION PROJECT
E25 plans to expand its Butcherbird operations to 1.1Mpta manganese concentrate production using expanded open-cut mining methods, a modified primary comminution circuit and a dense media separation (DMS) back-end solution to optimise grade and recoveries. Expansion would establish Butcherbird as a low-cost Mn operator (estimated US$2.76/dmtu C1 FOB cost1) able to produce at a cost lower than the low manganese sale price points seen within the Mn market. Mineral Resources used to support the Project’s 7.2-year mine life from 2024 to 2031 represents 36.0% of the total mineral resource inventory within the granted mining lease M52/1074.
Click here for the full ASX Release
This article includes content from Element 25 Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
E25 Progresses USA HPMSM Refinery Plans
Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) is pleased to provide an update in relation to it’s planned construction of a high-purity manganese sulphate (HPMSM) refinery in Louisiana USA to supply domestic HPMSM to the US electric vehicle battery industry.
Element 25 Managing Director Justin Brown said: “E25 aims to be a leading source of high quality, vertically integrated, traceable and ESG and IRA-compliant battery material to the global electric vehicle industry. Construction of our HPMSM facility in the USA – the first of its kind there – is a key pillar to the strategic plan which aims to position E25 as the industry leading provider of high quality ethically sourced battery-grade manganese to support global electrification efforts.
Engineering Development
Basic engineering packages for specific sections of the plant are being generated by equipment vendors. Design development of the balance of the processing facility is progressing. The project engineers have developed an initial project execution plan, procurement plan and other foundational elements, which are being reviewed. Project controls are being developed to manage cost and schedule.
Figure 1. 3D engineering model development for Louisiana HPMSM refinery.
Schedule
The project schedule has been developed, incorporating all facets of the project, including engineering, permitting, project financing and construction. Commencement of construction and commissioning are under review pending the execution of binding terms on the project site, in addition to the conclusion of project financing activities and a Final Investment Decision by E25’s Board of Directors to commence construction (FID).
The current schedule development provides for approximately 80 weeks of project build time based on the current critical path, however is being reviewed with the aim of compressing construction timelines.
The current timeline assumes no material interruptions to project development once construction commences due to procurement, procurement delays or weather-related disruptions.
Project Site Selection
Discussions continue with the owners of the preferred project site with the intention of combining land, sulphuric acid and ancillary services into the commercial terms. The principal reagent required by the Element 25 HPMSM process is sulphuric acid, and securing reliable supply at competitive commercial terms is an important aspect of the site selection process. Other considerations include inbound and outbound logistics and site permitting requirements. Site-specific engineering activities are currently paused pending finalisation of these commercial agreements.
Permitting
Air Permit
The air permit is a key requirement to commence facility construction. Any source, including a temporary source, which emits or has the potential to emit any air contaminant (defined as particulate matter, dust, fumes, gas, mist, smoke, or vapour, or any combination thereof produced by the process(es) other than natural) requires an air permit. As part of the permitting process, Element 25 has completed a detailed assessment of expected emissions from the HPMSM refinery and provided this information along with supporting documentation to the Louisiana Department of Environmental Quality (LDEQ).
A draft permit has been issued, and comments have been provided to the regulator. The final stage of the permitting process is a public meeting, currently scheduled to be held on 18 April 2024 to be held in the local community centre close to the proposed project site.
The LDEQ Office of Environmental Services will conduct a public hearing in order to receive comments on the proposed Initial Part 70 Air Operating Permit and the associated Environmental Assessment Statement (EAS) for Element 25 (Louisiana) LLC, being the operator of the site. It is anticipated that the final permit will be issued during May 2024 at the conclusion of this process.
Click here for the full ASX Release
This article includes content from Element 25 Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
December 2023 Quarterly Report
Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) is pleased to present its Quarterly Activities and Cash Flow Report.
QUARTERLY HIGHLIGHTS
Butcherbird Manganese Operations, Western Australia
- Butcherbird Expansion Feasibility Study targets 1.1 million tonnes per annum (Mtpa) manganese production.
- Study demonstrates strong fundamentals, with robust economic returns and rapid capital payback:
- Expansion envisages expanded open-cut mining methods, modified primary comminution circuit and dense media separation (DMS) back-end solution to optimise grade and recoveries.
- Expanded operation will establish Butcherbird as a low-cost Mn operation with a US$2.76/dmtu C1 FOB cost – which will ensure sustainable profitability at lower manganese prices compared to the current pilot operation.
- Low capital cost of A$49.8M with annual operation cashflow of A$57.3M at full production – payback period of 14 months from start of operations.
- Study used all available Measured and Indicated Resources within the mine plan to support a 7.2-year mine life – which represents 36% of the total mineral resource inventory within granted mining lease M52/1074.
- E25 plans to undertake infill drilling in areas containing Inferred Resources, outside the current mine plan, within the next 12 months targeting an additional 20-25 years of mine reserves at the proposed production levels.
- E25 approved for US$57 million of tax incentives under Louisiana State’s Industrial Tax Exempt Program (ITEP).
- Two key international patents lodged under the Patent Co-Operation Treaty, expected to be processed in 2024.
Corporate
- Non-Executive Director John Ribbons was appointed Chairman following Seamus Cornelius’ decision to step down from E25 Board.
Click here for the full ASX Release
This article includes content from Element 25 Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Latest News
Latest Press Releases
Related News
TOP STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.