Mineral Explorer, Element 25 Limited (ASX: E25), developing its world-class Butcherbird Manganese Project (100%-owned) located in Tier-1 Mining jurisdiction of Western Australia’s southern Pilbara Region, has announced an update concerning the coronavirus COVID-19 pandemic. The Company staff and its contractors have been observing social distancing measures and working from home where possible to minimise contact, in line with the government guidelines. The Company also declared that in order to maintain the cash reserves there will be a 20% reduction in cash component of the fee given to Directors and instead will be issued options. All this is subject to shareholders approval.
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