Manganese producer, Element 25 has scored an eight-year “innovation patent” for its cutting-edge extraction technology used to separate manganese from concentrate produced at its 100 per cent owned Butcherbird mining and beneficiation operation north of Meekatharra in Western Australia. The company is looking to manufacture a high-purity manganese sulphate monohydrate, or “HPMSM” product for use in the thriving lithium-ion battery industry.
Element 25 has tabled a multi-staged strategy for unravelling the full value of its “world class” Butcherbird project that already hosts an impressive 263 million tonne resource going more than 10 per cent manganese oxide.
A pre-feasibility study that evaluated the economics of Butcherbird was released late last year. It showed $39.6 million a year in pre-tax free cash flows for the first five years of manganese concentrate production under a proposed first stage of the operation.
The study envisaged annual production and sale of about 364,000 tonnes of lump manganese ore per annum for the five-year period, with produced manganese concentrate grading between 30 per cent and 35 per cent.
The company has wasted little time in bringing the project to life with the first two shipments of manganese concentrate from Butcherbird recently setting sail for its offtake partner’s smelter in China.
Element 25 is eyeing an expansion of the concentrate business as part of “stage two” of its strategy that could see either a doubling or trebling of...
Read Full Story: https://thewest.com.au/business/public-companies/element-25-secures-patent-for-battery-grade-manganese--c-4017607
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