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- Element 25 (E25) completes the first shipment of manganese concentrate from its Butcherbird Manganese Project in Western Australia
- The ship departed Port Hedland on July 14 and the material will be delivered to the company’s offtake partner, OM Materials
- The shipment marks a significant step in E25’s plan to develop the project as a significant producer of high-purity battery-grade manganese sulphate
- Element 25 will now focus on converting the concentrate into high-purity manganese sulphate monohydrate for electric vehicle batteries
- Shares in Element 25 are up 1.38 per cent and trading at $2.21 at 1:45 pm AEST.
Element 25 (E25) has loaded the first shipment of manganese concentrate from its Butcherbird Manganese Project.
Located in Western Australia, the Butcherbird Project is Australia’s largest onshore manganese resource.
The ship departed the Utah Point facility at Port Hedland on July 14 and will be delivered to Element 25’s offtake partner OM Materials, a subsidiary of OM Holdings (OMH).
Around 27,000 tonnes of high-quality manganese concentrate is onboard the vessel and it marks a significant step in Element 25’s plan to develop the project as a globally significant producer of high-purity battery-grade manganese sulphate.
Managing Director Justin Brown has paid tribute to everyone who made this happen.
“Today is a historic day for all the people who have worked tirelessly to bring this project to life, for Element 25 and for the Australian mining industry,” Mr Brown said.
“It has been a testament to Australian ingenuity, persistence and hard work that Element 25 has managed to achieve this feat in such a short period of time with a pre-feasibility study completed only 14 months ago.”
Element 25 will now focus on stage two work, which includes expansion of the concentrate business, followed by stage three work to convert the concentrate into high-purity manganese sulphate monohydrate for electric vehicle batteries.
Shares in Element 25 were up 1.38 per cent and trading at $2.21 at 1:18 pm AEST.
