Exploring Element 25 Limited Quarterly Activities and Cash Flow Report
Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) is excited to unveil its Quarterly Activities and Cash Flow Report. Let’s delve into the highlights:
Butcherbird Manganese Operations, Western Australia
- Detailed design, planning, and procurement kick off for Stage 2 Expansion Project to increase Butcherbird manganese ore production to 1.1 million tonnes per annum based on a completed Feasibility Study (FS) from January 2024.
- Northern Australia Infrastructure Facility (NAIF) completes a strategic assessment of Butcherbird Stage 2 Expansion Project.
- The Expansion Project is progressing to the detailed due diligence phase of NAIF’s evaluation process.
- With manganese ore prices on the rise, possibly due to production disruptions at Groote Eylandt by South 32 Limited (S32), repair estimates are at around 12 months.
Battery Grade High Purity Manganese (HPMSM) Development – Louisiana, USA
- E25 advances engineering development, permitting, logistics, and project financing for the HPMSM facility in the USA.
- Successful completion of an Air Permit public meeting sets the stage for formal issuance of the permit.
Butcherbird Operations Expansion Plans
In January 2024, Element 25 Limited (E25) released a Feasibility Study (FS) outlining the expansion of its Butcherbird Manganese Operations in Western Australia to achieve a target manganese concentrate production of 1.1 million tonnes per annum. The FS highlights robust economic returns and the facility’s significant potential.
E25 is diligently working on detailed design, planning, procurement, and financing for the expansion, aligning its efforts with the progression of the HPMSM project in Louisiana, USA. Operations at Butcherbird are currently on hold, focusing resources and cash on the planned expansion in the FS.
Northern Australia Infrastructure Facility Strategic Assessment
NAIF completed a strategic assessment of the Butcherbird Stage 2 Expansion Project during the quarter. The project is now moving forward to the detailed due diligence phase of NAIF’s assessment process.
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