The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Butcherbird Expansion Project Advances through Naif Funding Process

by April 8, 2024
April 8, 2024
Butcherbird Expansion Project Advances through Naif Funding Process

Element 25 Limited (E25 or Company) (ASX: E25; OTCQX: ELMTF) is pleased to advise the Northern Australia Infrastructure Facility (NAIF) has completed a strategic assessment of the Butcherbird Stage 2 Expansion Project (Butcherbird or Project). E25 aims to increase Butcherbird’s annual production to 1.1 million tonnes per annum of manganese oxide concentrate in line with the Feasibility Study (FS) announced in January 20241.

The Expansion Project is now proceeding to the detailed due diligence phase of the NAIF assessment process.

NAIF is a Commonwealth Government financier providing concessional loans for the development of infrastructure projects in northern Australia and the Australian Indian Ocean Territories to deliver economic and social growth2.

Completion of a strategic assessment by NAIF does not represent a formal decision to offer or commit finance. NAIF has not yet made any decision to offer finance or made any commitment to provide any financial support to the Project, and there is no certainty that an agreement will be reached between the parties.

Element 25 Managing Director Justin Brown said: “Our Butcherbird Project hosts a world-class manganese deposit with more than 260Mt in resources, which will has the ability to underpin a long life producing asset3. The results of our Feasibility Study for the Expansion Project1 show the potential for this asset to deliver over 1 million tonnes of manganese concentrate per year to market, generating strong returns for shareholders and providing feedstock for the Company’s planned HPMSM facility in Louisiana. Having NAIF involved in the project is a positive step towards financing its expansion.”

BUTCHERBIRD EXPANSION PROJECT

E25 plans to expand its Butcherbird operations to 1.1Mpta manganese concentrate production using expanded open-cut mining methods, a modified primary comminution circuit and a dense media separation (DMS) back-end solution to optimise grade and recoveries. Expansion would establish Butcherbird as a low-cost Mn operator (estimated US$2.76/dmtu C1 FOB cost1) able to produce at a cost lower than the low manganese sale price points seen within the Mn market. Mineral Resources used to support the Project’s 7.2-year mine life from 2024 to 2031 represents 36.0% of the total mineral resource inventory within the granted mining lease M52/1074.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Toro to demerge Non-Core Assets including Dusty Nickel Project and Yandal Gold Project
next post
5 Top Weekly TSXV Stocks: Rackla Metals Soars 90 Percent on Gold Exploration Results

You may also like

Awalé Hits 2.5 g/t Gold Eq. over 34...

Top 5 Canadian Lithium Stocks of 2025

Tesla Doing Damage Control in Europe as Retail...

New Exceptionally High-Grade Gold Intersections from Infill Drilling...

Menzies’ Lady Shenton System Continues to Impress with...

Equinox Gold Opens 400,000 Ounce Greenstone Mine in...

Hertz Energy Acquires Lake George Antimony Property in...

FPX Nickel Announces Full Exercise of Participation Rights...

Making the Best of Threats: The Market Opportunity...

Skyharbour’s Partner North Shore Uranium Granted Exploration Permit...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Trump claims ‘I don’t know her’ and ‘listened to’ RFK Jr about...

    • Rubio just got an additional job in Trump’s administration — and he’s not the only one wearing multiple hats

    • Sycamore Gap: Two men convicted of felling one of UK’s most famous trees

    • Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    • Ellen Miles is planting seeds of hope through guerrilla gardening

    Categories

    • Business (1,633)
    • Investing (4,791)
    • Politics (7,537)
    • World (6,128)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top