- 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
Continued Manganese Drilling Success At Redrum And Brumby West
Bryah Resources Limited (ASX: BYH, “Bryah” or “the Company”) is pleased to announce manganese drilling results at its 49% owned Bryah Basin manganese project. The drill results are part of the program drilled in March 2022. Bryah (49%) and OM (Manganese) Ltd (OMM) (51%) have a Joint Venture (JV) to undertake exploration to test targets in the area, with a view to commencing manganese production. OMM is a wholly owned subsidiary of OM Holdings Limited (ASX: OMH), one of the world’s leading suppliers of manganese ores.
HIGHLIGHTS
- Results confirm potential for new manganese deposit in the Bryah Basin at Redrum Prospect
- Best downhole intersections for new results at Redrum at 15% Mn cut-off include:
- RRRC037 – 10m at 20.3% Mn from 20m
- Including 4m @25.2% Mn from 26m
- RRRC036 – 31m at 18.2% Mn from 11m
- Including 6m @22.0% Mn from 11m
- RRRC037 – 10m at 20.3% Mn from 20m
- New results extend Brumby West and include downhole intersections of:
- BRRC187 - 18m at 23.3% Mn from 11m
- Including 6m @26.9% Mn from 26m
- BRRC188 - 9m at 22.2% Mn from 21m
- BRRC189 – 12m at 23.4% Mn from 13m
- BRRC192 – 10m at 21.3% Mn from 20m
- BRRC187 - 18m at 23.3% Mn from 11m
- Additional Gradient Array Induced Polarisation Survey planned for September 2022, to be followed up with drilling of new manganese targets in November 2022
- Strong continued demand for manganese from the steel and battery markets
The Brumby West drilling results have indicated that manganese mineralisation is more extensive than previously thought. Two new drill lines remain open to the west and mineralisation is still open to the southwest.”
The Bryah Basin project area is located approximately 100-150km north of the town of Meekatharra in Western Australia. The Company’s tenements and manganese mineral rights cover 1,135km² over parts of the western Bryah Basin. Figure 2 shows the Manganese Joint Venture tenement package, with prospects with an existing manganese Mineral Resource1.
RC Drilling of 2,458m was completed in 64 holes, 26 holes were reported on 1st August 2022 and the remainder in this announcement.
Click here for the full ASX Release
This article includes content from Bryah 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.
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.
E25 Commences Butcherbird Stage 2 Expansion
Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) announces it will immediately commence detailed design, planning and procurement for expansion of manganese ore production at its 100%-owned Butcherbird Mine in WA in line with the expansion Feasibility Study (FS) released earlier in January 20241.
Expansion of the processing facility at Butcherbird aligns with E25’s commissioning target date for its planned battery grade high purity manganese sulphate monohydrate (HPMSM) project to be built in Louisiana, USA in partnership with General Motors LLC and Stellantis NV2.
Activities over the next three months will focus on detailed engineering and design, project financing and finalising the required permitting to support the commencement of construction in line with the project schedule.
In parallel with expansion activities, the Company will suspend 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. Recent weak manganese prices support this decision.
E25 Managing Director Justin Brown said: “Expanding the scale of operations at Butcherbird beyond our Stage 1 pilot plant has always been a part of our growth plans and given the outstanding metrics reported in the updated Feasibility Study released earlier this month, this is the ideal time to implement those plans to ensure we can increase production ahead of our Louisiana HPMSM facility commencing operation.
Given the current manganese price environment coupled with high interest rates and inflation, we will suspend current operations at Butcherbird to conserve resources and use available cash to achieve this goal. We understand this is a difficult decision for our employees, contractors and suppliers and not one we have made lightly, but it is intended to help E25 better position itself to reach its longer term goals.”
The current schedule anticipates operations to recommence in approximately 11 months, following project financing being secured, when E25 will increase annual production to 1.1 million tonnes per annum of manganese oxide concentrate. Further detail and an updated schedule will be provided at conclusion of front-end engineering and design (FEED) which has now commenced.
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.
Feasibility Study Confirms Strong Case for Expansion
Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) is pleased to announce that it has completed a Feasibility Study (Study or FS) to investigate the potential to expand the production of manganese concentrate at the Company’s 100% owned Butcherbird Project (Project), located in the southern Pilbara region of Western Australia.
Butcherbird Expansion Feasibility Study Targets 1.1 Mtpa Manganese Production to Capture Economies of Scale.
A strong result supporting progress toward a Decision to Mine.
The Study demonstrates strong economics with robust economic returns and rapid capital payback. The financial summary of the Study outcomes are shown below.
HIGHLIGHTS
- The FS examines the expansion to 1.1Mtpa 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.
- The expansion establishes Butcherbird as a low-cost Mn operator (USD 2.76/dmtu C1 cost) able to produce at a cost lower than the low manganese sale price points seen within the Mn market.
- The FS utilises all the available measured and indicated resources within the mine plan supporting this Study. The Company 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.
- The Measured, Indicated and Inferred Mineral Resources used to support the 7.2 years mine life from 2024 to 2031 represents 36.0% of the total mineral resource inventory within the granted mining lease M52/1074.
- Low capital requirement of AUD 49.8M capital.
Average base case annual operating cashflow of AUD 57.3M at full production. - No changes to the Proven and Probable Ore Reserve of 49.2Mt at 10.2% Mn containing 5.0Mt Mn (4.1Mt Recoverable Mn).
- Forecast cashflows generate a simple payback period of 14 months from start of operations.
- Expanded mining production and process commissioning is currently scheduled to commence within 11 months, subject to final investment decision and securing project financing.
- The base case involves an annual production and sale of 1.1M tpa of lump manganese ore grading 32% Mn.
- The concentrate production strategy complements and enhances the Company’s plan to develop the proposed high purity manganese sulfate (HPMSM) plant in Louisiana to supply offtake partners General Motors LLC(GM) and Stellantis NV (Stellantis) with high purity manganese for EV battery manufacture1.
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.