Montezuma Mining Company Ltd (ASX:MZM) is on schedule to release scoping study results this month for its Butcherbird Manganese Project located in Western Australia.
The company aims to produce a range of high-value manganese products on a commercial scale.
The study will assess the options for project development and provide an assessment of the potential capital and operating cost requirements for project development.
Results to be presented at Hong Kong mining conference
Montezuma is scheduled to present the results of the scoping study at the 121 Mining Investment Forum in Hong Kong on the 23-24 April 2018.
In the event that a successful scoping study is delivered, a decision to proceed to a preliminary feasibility study will be considered.
Montezuma intends to expedite this process to take advantage of strong market conditions.
High purity manganese is used for lithium-ion battery production
Commodity market conditions for metals required for lithium-ion batteries, including high purity manganese have been strong.
Notably, whilst high purity manganese makes up only 10% of the manganese market by volume, it accounts for an estimated 40% of the total value in sales of the market.
READ: Montezuma Mining Company expedites manganese project with mining lease application
Last month, Montezuma submitted a mining lease application covering key portions of the Butcherbird Manganese resource.
Butcherbird hosts Australia’s largest onshore manganese resource in multiple outcropping deposits.