Company
ASX:E25
Element 25 is an ASX-listed company operating the world-class 100%-owned Butcherbird Manganese Mine in Western Australia. The high-quality manganese ore from Butcherbird is ideal for conversion to high-purity manganese sulphate monohydrate (HPMSM), a critical material for electric vehicle (EV) battery cathodes.
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Rare earths & specialist minerals
The base case net present value of A$583 million highlights that the project is robust and offers returns even at conservative pricing assumptions.
Rare earths & specialist minerals
The company continues to accelerate project development activities at the Butcherbird Manganese Project, targeting first production next quarter.
Camp construction is underway, with key processing plant equipment in transit. A work program for development of the borefield has started and the expansion case PFS is nearing completion.
The company is transitioning from explorer to producer with offtake discussions nearing completion and development progressing on time and on budget.
This is the first step of a staged ramp-up for the Butcherbird project and will provide early cashflow to strengthen its balance sheet and fund the larger high purity manganese production hub.
The company sold the Cummins Range Rare Earth Project for total consideration of $3 million to RareX Limited in 2019 and has now received the second tranche payment.
The company sold the project for total consideration of $3 million to RareX Limited in 2019 and has now received the second tranche payment.
Rare earths & specialist minerals
Beneficiation test-work on E25’s Butcherbird Manganese Project in Western Australia has highlighted a compelling opportunity to fast-track the development of the project.
The progress achieved in difficult circumstances is reflected in the company's share price, market capitalisation and positive profile.
The Butcherbird Manganese Project is a world-class manganese resource with JORC resources in excess of 263 million tonnes of manganese ore.
Equipment orders represent a key milestone in the project development strategy staying on schedule with start of operations planned in the first quarter of 2021.
The PFS released during the June quarter confirmed the potential for the project to be Australia’s next significant manganese mine.
The company can potentially recover sufficient water from fewer, shallower bores, which will reduce capital and operating costs for the borefield.
SPP funds will enable E25 to place deposits for long-lead-time items and progress detailed engineering design and other activities associated with development of the Butcherbird project.
The funds will enable E25 to place deposits for long-lead-time items and progress detailed engineering design and other activities associated with the development of the Butcherbird project.
Rare earths & specialist minerals
The new funds will enable E25 to place deposits for long lead time items and progress detailed engineering design and other activities associated with the development of the project.
The company has been formally granted mining lease M52/1074 for its Butcherbird Manganese Project by the Western Australian Department of Mines, Industry Regulation and Safety.
The Coodamudgi resource has the potential to be quickly integrated into the mine plan but further resource drilling and metallurgy is required.
The company is targeting a staged development strategy with production of manganese concentrate to generate early cash flows with a low capital requirement for stage-1.
E25 and OMH will negotiate a formal offtake agreement over coming months as part of the development of the project.
