Element 25’s (ASX:E25) wholly owned Butcherbird Project hosts a very large manganese resource which underpins the Company’s core strategy of producing high purity Electrolytic Manganese Metal (EMM) and Manganese Sulphate for use in specialty metals and lithium ion battery cathodes.
The recently completed scoping study returned robust results and a Pre-Feasibility Study has been initiated to progress the Project.
Stock Exchange Listing:
Cobalt | Gold | Nickel | Manganese
Stage of Development:
Countries of Operation:
Plans and Latest Developments:
Element 25 has just completed a Scoping Study on producing high purity battery grade manganese from the companies 100% owned Butcherbird Resource located in Western Australia. The project hosts a JORC resource of 180Mt of manganese ore. Work in 2017 conducted in conjunction with CSIRO produced an atmospheric pressure/ambient temperature process flowsheet to leach the Butcherbird ores and produce very high purity manganese sulphate and manganese metal. Based on the robust Scoping Study outcomes, the Company has initiated a Pre-Feasibility Study expected to take approximately 12 months to complete.
Board of Directors:
- Seamus Cornelius – Non Executive Chairman
- Justin Brown – Executive Director
- John Ribbons – Non Executive Director & Company Secretary
Why should investors invest in you?
The Company has a tight capital structure with only 83M shares on issue, a strong balance sheet with approximately $10M in liquid assets to fund the estimated $5M Study budget. The world class manganese resource and innovative process represent an opportunity to invest in a low cost long mine life project producing critical inputs for Lithium Ion batteries to fuel the battery revolution. The process flowsheet is a low cost, low emissions, low energy, clean technology that holds the potential to be a company maker for shareholders. At an Enterprise Value of less than $15M, the shares are steeply undervalued given the opportunity ahead.
Element 25 (ASX:E25) will be presenting their mining projects to prospective investors at Energy Mines and Money Australia. Claim your complimentary investor pass now.