Developing a world class manganese resource, the Butcherbird Manganese Project, Element 25 Limited (ASX:E25) has uncovered high grade manganese values of up to 42.3%Mn from surface with low impurity levels from Coodamudgi manganese resource at the Project. Sub-sampling of diamond core from BBDD016 drilled at the resource returned this significant value, indicating potential to deliver a concentrate grade which is significantly higher than the grades used in the PFS assumptions.
If the potential is confirmed under full scale test work, it will have a positive impact on what are already excellent Project economics, opines MD Mr Justin Brown.
Moreover, Coodamudgi resource is situated within M52/1074 (granted mining lease), translating into the fact that it can be quickly integrated into the mine plan upon resource drilling completion and metallurgy confirmation.
E25 is in a trading halt pending release of an announcement.
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