- Element 25 (E25) sends second shipment of manganese concentrate from its Butcherbird Project in the Pilbara to its off-take partner OM Materials
- The company is aiming to develop the project to be a globally significant manganese producer and sees this shipment as another milestone in its quest
- OM Materials, a subsidiary of ASX-listed OM Holdings, will receive the second lot of ore which totals around 27,000 tonnes
- E25 is moving to larger shipments of up to 60 kilotons, and is reportedly progressing its development strategy to produce electric vehicle batteries
- Shares are trading in the grey at $2.06 at 10:23 am AEST
Element 25 (E24) has sent a second shipment of manganese concentrate from its Butcherbird Project in the Pilbara to its off-take partner OM Materials.
The shipment of around 27,000 tonnes of ore reportedly left Utah Point in Port Hedland on August 30 bound for OM Materials which is a subsidiary of ASX-listed OM Holdings (OMH).
E25 is aiming to develop the Butcherbird project to be a globally significant producer of high quality manganese concentrate and high purity battery grade manganese sulphate, and sees this second shipment as a milestone in its quest.
Moving forward, the company is looking to process larger shipments of between 55 and 60 kilotons in an attempt to take advantage of more competitive shipping tariffs at larger cargo sizes.
To assist the shipments, E25 has secured a lay-down area at Pippingarra in Port Hedland, where the larger shipments...
Read Full Story: https://themarketherald.com.au/element-25-asxe25-ships-second-load-of-butcherbird-manganese-2021-09-01/
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