News Articles for Element 25

ASX-listed manganese player, Element 25, is closing in on the scheduled production start-up of early next year at its Butcherbird manganese project in the Pilbara region as it continues to pick off key development milestones. The company has now locked in mining contractors, while key plant and equipment components are on their way to WA.

ASX-listed budding manganese producer, Element 25, has ticked off two more elements that are crucial to the extremely low CAPEX development of its Butcherbird manganese mine in the Pilbara. The company is now firmly on course to achieve its production start-up target date of February next year after securing commitments totalling almost $10 million for a capital raise and signing up OM Holdings as its preferred offtake partner.

ASX-listed manganese developer Element 25 has picked up a handy $1 million from the $3 million sale of the Cummins Range rare earths deposit in WA's East Kimberley region which the company says will be ploughed into its developing $15 million Butcherbird manganese mine in the Pilbara.

Element 25 continues to pick off mine development milestones as the company fast-tracks its way towards first manganese concentrate production at its incredibly low proposed CAPEX Butcherbird operation in the Pilbara. The company has set itself a rapid project development schedule, which it says is tracking on time and on budget, with first manganese concentrate production expected in the first quarter of calendar 2021.

ASX-listed manganese hopeful, Element 25, has hopped aboard the fast train to production, committing to the purchase of long-lead-time plant and equipment items for its proposed low CAPEX Butcherbird manganese project in the Pilbara. The company is on a rapid-fire project development schedule, which it says is advancing on time and budget.

ASX-listed aspiring manganese developer, Element 25, has ticked a major box at its proposed low-CAPEX Butcherbird project in the Pilbara, this week declaring the site has sufficient process water supply to support production. The company says it successfully pump tested a water bore within a shallow aquifer and determined the project has enough water for proposed production operations.

Torian Resources, Avenira and Element 25 have each launched capital raisings today, with the proceeds to go towards gold and manganese projects in Western Australia.

Element 25's sub-sampling of diamond core drilled back in 2013 from the Coodamudgi deposit resulted in manganese grades going up to 42.3 per cent right from surface. Coodamudgi is located near the company's Yanneri Ridge resource within its Butcherbird project in the Pilbara. Butcherbird already has an outstanding pre-feasibility study wrapped around it showing a pre-tax NPV of $283m at a manganese concentrate grade of 33 percent.

Element 25 has inked its first non-binding off-take Memorandum of Understanding with OM Materials who is looking to purchase manganese concentrate from its Butcherbird project in the Pilbara. The project is hurtling towards production and slated to churn out AUD$24.4m a year in free cash. The MoU will ultimately see between 50 and 100 per cent of the product spoken for over five years.

Element 25 is on track to meet an aggressive development schedule at its Butcherbird manganese project in the Pilbara, with a production water bore drilling program now underway. The bore holes will supply process water for Element 25's proposed manganese beneficiation plant and they are a very necessary piece of infrastructure required to catapult the project into production.

Element 25 has secured a critical access agreement with the local pastoral lease holder, paving the way for the grant of the mining lease at its lucrative Butcherbird manganese project in Western Australia. The grant of the lease will allow the company to swing into the next phase of mining approvals and see the project head into the mine planning phase for production.

Element 25 has completed a deal that will see it sell a portfolio of royalties it was holding over multiple projects for around A$500,000 worth of shares in TSX-listed specialist royalty company, Vox Royalty Corp. Element 25's stock doubled recently from 20c to 40c after the market consumed its PFS and unlike many other flash in the pan ASX-listed company share price runs – it stayed there.

Element 25 has delivered an outstanding pre-feasibility study for its Butcherbird manganese project in the Pilbara, revealing that the operation will produce a pre-tax NPV in real terms AUD$283M at an incredible IRR of 223 per cent on project capital costs totaling AUD$14.5M. The project shows an initial mine life of 42 years and annual free cash flows of AUD$24M.

Pilbara Metals Group, Element 25 and Mineral Commodities are among WA businesses awarded millions in federal funding as part of a push to improve Australia's critical mineral potential.

Aurora Minerals has closed its fully underwritten 1-for-1 entitlement offer, raising $1.17 million at 1 cent a share.

Our daily board moves wrap includes Michael Edwards, Justin Brown, Kim Horne, Jim Walker, Eva Skira, Nicholas Revell, and Yugi Gouw.

Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue

West Perth-based explorer South Boulder Mines has announced another capital raising to fund ongoing work at its Colluli potash project in East Africa.

In the first of a quarterly series on executive remuneration, we find that listed companies of all sizes have started cutting chief executive salaries but are still designing packages that offer plenty of upside.

Perth based Montezuma Mining Company Ltd will acquire an 85 per cent interest in a mining lease owned by Grange Resources, which contains the Durack gold deposit.

Montezuma Mining Company Ltd has failed to reach a capital raising target of $3 million, after an underwhelming response from investors.

Perth-based Montezuma Mining Company Ltd is seeking to raise up to $3 million to fund an accelerated exploration program at its Peak Hill gold mine near Meekatharra.

Perth-based junior miner Montezuma Mining Company has raised $963,180 from the issue of 4.8 million shares, to fund drilling at its gold and copper projects.

West Perth-based junior miner Montezuma Mining Company has closed its initial public offering having raised $3.6 million to fund eight gold and base metal projects in the Pilbara and Yilgarn regions.

West Perth-based gold and base metals miner Montezuma Mining Company Ltd aims to raise $4.5 million to fund drilling and evaluation of priority projects and potential acquisition opportunities.