Jump to content

E25 - ELEMENT 25 LIMITED


blacksheep
 Share

Recommended Posts

NOTE - E25 was previously known as Montezuma Mining Company Ltd - MZM

 

Butcherbird Manganese Project in Due Diligence Phase with Northern Australia Infrastructure Facility (NAIF)

Highlights:

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ The Northern Australia Infrastructure Facility (NAIF) has determined

that it will further investigate the potential to provide debt

financing for the Butcherbird Manganese Project

 

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ E25 provided NAIF with strategic assessment information

detailing the benefits that will flow from the Butcherbird

Manganese Project and its associated infrastructure to the local

communities in the Pilbara region

 

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ NAIF has provided written confirmation that the Butcherbird

Manganese Project has now completed the Strategic Assessment

phase of the NAIF Application and Approval Process and will now

proceed to the Due Diligence stage

 

read more - https://www.asx.com.au/asxpdf/20191009/pdf/...9wckyrjj2hq.pdf

 

Recently sold their Cummins Range REE Project to RareX, who sold to CLY - now known as Sagon Resources Limited - SG1 - hard keeping up with these name changes

Also agreed to sell its Green Dam Project for $700K and a 2% NSR to SBM and Holeston to RMS for d $1M in cash and a 1% NSR

Seems to be focusing all their attention on Butcherbird

 

NAIF DD seems to take a while so not much market excitement ATM.

 

Running a bit behind with their - PFS Delivery Estimated Q3 2019 - comment.

post-330173-1570589496_thumb.png

Link to comment
Share on other sites

  • 1 year later...

Element 25 The Company has a 100% interest in Yamarna Gold Project, Butcherbird Manganese-Copper Project and Green Dam Project.

 

The company is currently developing the world class Butcherbird deposit to produce high quality manganese concentrate and High Purity Manganese (HPM) products for traditional and new energy markets. In fact, its recent Investor Presentation puts this to the fore

 

Growing a world class Zero Carbon Manganeseâ„¢ business

 

Has just raised $35M via a placement.

 

 

Serving the Old…

• Manganese (Mn) is the fourth most used metal on earth in terms of tonnage.

• Used in steel, specialty alloys and aluminium products.

• Traditionally the market has been dominated by the steel and alkaline battery industries.

• There is no substitute for manganese in steel.

• E25 manganese concentrate and EMM feed this market.

 

 

And the New…

• The electrification of the global vehicle fleet requires vast amounts of cathode materials.

• Nickel and cobalt supplies cannot meet the demand for projected NEV growth.

• Batteries are trending toward higher manganese content for safer, more cost-effective solutions.

• E25 high purity manganese will feed these markets

Link to comment
Share on other sites

  • 8 months later...

since the last post, E25 has slipped a bit and mainly traded in the $1.80 to $2.20 range. In November, a shaft in the processing plant at Butcherbird failed and things brought to a halt until a replacement could be sourced. It has taken a month and, meantime, the SP dropped as low as $1.00

Operations now/ still anticipates achieving nameplate production at Butcherbird by Q1 2022.

Quote
The Business Development team is focussing on E25s multi stage development strategy, including a Stage 2 expansion of the concentrate business followed by a Stage 3 development to convert the concentrate material into HPMSM for electric vehicle EV batteries to power the global transition away from fossil fuel powered mobility.

Manganese is emerging as an increasingly important ingredient for EV batteries, with potential supply constraints for nickel and cobalt forcing battery manufacturers to look to high manganese cathodes to produce the vast amount of cathode material required by the EV industry in coming years.

.............. The Novonix presentation (SC webinar) makes the case Ni /Co /Mn will emerge as the dominant configuration in Li  batteries.

Link to comment
Share on other sites

  • 3 weeks later...

The processing plant at the Butcherbird Manganese Project is demonstrating significant performance improvements since the logwasher repair and engineering modification works were completed on schedule in late December 2021.

The works undertaken during December 2021 focussed on the repair of the shaft failure as announced and updated on 22 November and 13 December 2021 respectively and the implementation of a range of engineering improvements that had already been planned prior to the plant failure.

Plant production volumes have shown significant improvements since recommissioning of the plant, with a new daily production record of 1,209 tonnes being achieved on 3 January 2022, well above the target nameplate production of 1,000 tpd for the Stage 1 production plant.

In parallel with the repair works, a range of modifications have been made to the plant to improve plant access for maintenance, manage material flow through the plant, reduce wear on key components, improve noise and dust control as well as adjusting the overall site layout to increase operational and maintenance scheduling flexibility and throughput.

E25 Managing Director Mr Justin Brown commented; The record daily production of 1,209 tonnes achieved on 03 January is equivalent to annualised production of over 400 Kt per annum which exceeds our 365 Ktpa nameplate capability. Whilst it is premature to make firm forecasts on annual production volumes, it is highly encouraging to see this step change in process plant performance after the implementation of the planned improvements.
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...