Join our daily newsletter At The Bell to receive exclusive market insights
- Element 25 (E25) is set to re-evaluate the layout of its Butcherbird project in Western Australia following newly identified manganese mineralisation
- As part of its reverse circulation drilling campaign completed earlier this year, E25 drilled several holes to sterilise potential infrastructure locations as part of its expansion plans
- However, a number of these holes intersected manganese mineralisation the company deemed significant, forcing a re-evaluation of the proposed layout
- Overall, the drilling results extend the known manganese beyond defined resources and E25 plans to undertake further drilling to infill and better define the mineralisation
- Company shares last traded at 56 cents on July 11.
Element 25 (E25) will re-evaluate the layout of its Butcherbird project following newly identified manganese mineralisation in the area.
The company today announced assay results from its 34-hole reverse circulation drilling program completed in the first quarter of this year over areas where no historical drilling had been undertaken.
Several holes were drilled to sterilise potential infrastructure locations as part of the planning for expanded production at Butcherbird.
However, a number of these holes intersected manganese mineralisation the company deemed significant, forcing a re-evaluation of the proposed layout.
Overall, Element 25 logged manganese mineralisation in multiple drill holes, and the assays have confirmed commercially significant grades and widths of manganese with multiple extensions beyond defined resources.
Specifically, the mineralisation seen was similar to previous results with broad widths of near-surface supergene enriched manganese oxide mineralisation.
The company found that mineralisation was intersected where there was no electromagnetic response and, as such, sees potential for future discoveries not based on the traditional electromagnetic signature.
The data from this round of drilling will be included in the company’s next resource model update for the global resource at Butcherbird.
Moving forward, E25 plans to undertake follow-up drilling to infill and better define the mineralisation and evaluate further extensions.
Company shares last traded at 56 cents on July 11.
