Developing the Butcherbird Manganese Project, a world class manganese resource, Element 25 Limited (ASX:E25) intimated about finding high grade manganese values of up to 42.3%Mn from surface with low impurity levels from Coodamudgi manganese resource at the Project, located entirely within granted mining lease M52/1074. These results suggest about potential to achieve a product grade exceeding grades published in the PFS of 33%Mn.
Even though the sampling is strongly suggestive that this material has the potential to deliver a high-grade concentrate, preliminary work needs to be followed up with further test work to affirm results.
E25 is currently in a trading halt and quoted $ 0.485 on 1 July 2020, up by 7.77 % relative to its last close.
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