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Element 25 Ltd.
Summary
| Project: | Butcherbird | |
|---|---|---|
| Deposit: | Coodamudgi | |
| Location: | Australia | |
| Commodities: | Manganese | |
| Date: | 7/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-7-2020: Element 25 Ltd. announces an Exploration/Drilling Update report for its Coodamudgi deposit at the Butcherbird project. Sub-sampling assay results incl. 1m @ 42.3% Mn from 0m. Element 25 Limited (E25 or Company) (ASX:E25) is pleased to announce t | |
| Resources: | (Reserves, P+P): 50.6Mt @ 10.3% Mn (5.21Mt Mn) | |
| CP/QP: | [Overall Report] Justin Brown (Internal) | |
| ABSTRACT: | Element 25 Limited (E25 or Company) (ASX:E25) is pleased to announce that sub-sampling of diamond core from BBDD016 drilled into the Coodamudgi manganese resource at the Company’s 100% owned Butcherbird Manganese Project (Project) has returned high grade manganese values of up to 42.3%Mn from surface with low impurity levels. Importantly the Coodamudgi resource is located entirely within granted mining lease M52/1074 meaning it can be quickly integrated into the mine plan once resource drilling is completed and metallurgy is confirmed. The data indicates that the Coodamudgi resource, which is located adjacent to the Yanneri Ridge resource that is the focus of the recently released Pre-Feasibility Study (PFS) has the potential to deliver a concentrate grade which is significantly higher than the grades used in the PFS assumptions. The sub-sampling methodology utilised is designed to emulate full scale processing via the proposed beneficiation flowsheet for the Project. Further test work is planned to confirm these exciting results. Higher concentrate grades deliver improved prices per tonne of concentrate shipped and can have a significantly positive impact on Project revenues. | |
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