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Element 25 report assays at world-class Manganese Project

Mining
ASX:E25      MCAP $55.47M
25 July 2019 00:32 (AEST)

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Element 25 has received assays for a recently completed drilling program at its Butcherbird Project.

The company conducted a 16 air-core drilling program to target high-grade manganese mineralisation within a well-defined paleochannel system located in Butcherbird.

The target area was defined based on the results of a detailed, ground-based gravity survey conducted in 2018. This area covers approximately a 10 kilometre by 5 kilometre area directly west of the M52/1074 Mining Lease application.

So far, assays received have identified several low-quality manganiferous zones, supported by anomalous values, however no economic channel manganese mineralisation was defined.

The Butcherbird Manganese deposit is Australia’s largest onshore manganese resource comprising large tonnages of near surface manganese oxide ore in seven deposits.

The project’s current JORC resources are in excess of 263 mega tonnes of manganese ore.

Element 25 is developing Butcherbird to produce high-purity manganese sulphate for lithium ion batteries and electrolytic manganese metal.

The company highly values sustainability and believes that social and environmental responsibilities are an important part of business.

Element 25’s mission is to “develop safe, sustainable business and manufacturing practices in the production of our high purity manganese products that will benefit future generations through sustainable growth and profitably.”

As the commercial potential of Butcherbird is completely clear, the company is currently completing a Pre-Feasibility Study which is expected to confirm this.

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