- Mineral explorer Element 25 (E25) can begin site works at its Butcherbird Project in Western Australia following key environmental approvals
- Site work is set to commence immediately at the world’s largest onshore manganese resource
- Mineral resources at E25’s wholly-owned project sits at 263 million tonnes, 57 million tonnes of which are classed as measured or indicated
- The company says it is on schedule to meet first production plans for early 2021 and received strong support from local stakeholders
- Shares in E25 are off slightly at 1.57 per cent, trading at $1.57 each
Mineral explorer Element 25 (E25) can begin site works at its Butcherbird Project in Western Australia following key environmental approvals.
Site work is set to commence immediately at Butcherbird, the world’s largest onshore manganese resource, of which E25 has 100 per cent ownership.
Approvals granted from the relevant WA state government departments marked the final milestone for site work to commence with only the water abstraction licence pending for operations.
Mineral resources for the project sit at 263 million tonnes, 57 million tonnes of which are classed as measured or indicated. The remaining 206 million tonnes are inferred.
The company says they are on schedule to meet first production plans for early 2021 and have so far received strong support from local stakeholders.
E25 estimated a $15 million capital expenditure in its pre-feasibility study regarding the production and exportation of the manganese concentrate from Butcherbird.
The ASX lister has also expressed its intent to integrate renewable energy into the
power solution to minimise the carbon intensity and reduce energy costs. It says a cleaner lower carbon flowsheet will place Butcherbird at the forefront of sustainable metal production.
E25 Managing Director Justin Brown says he is delighted with the approval status.
“This is the culmination of an extensive environmental assessment and community consultation process and it allows E25 to continue to rapidly progress its mine development and construction plans,” he says.
“The fact that we continue to deliver the project on time and on budget is a
testament to the dedication of the E25 team.”
Shares in E25 are off slightly at 1.57 per cent, trading at $1.57 each at 10:25 AEDT.