Element 25 Limited (E25) (ASX: E25; OTCQX: ELMTF) has announced that the Butcherbird Stage 2 Expansion Project has progressed through the strategic assessment phase by the Northern Australia Infrastructure Facility (NAIF). The project aims to increase annual production to 1.1 million tonnes per annum of manganese oxide concentrate in line with the Feasibility Study (FS) announced in January 2024. The Expansion Project is now moving into the detailed due diligence phase of the NAIF assessment process.
Element 25 Managing Director Justin Brown expressed satisfaction with the progress, stating, 'Our Butcherbird Project hosts a world-class manganese deposit with more than 260Mt in resources, which will underpin a long life producing asset. The results of our Feasibility Study for the Expansion Project 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.'
Element 25 (ASX: $E25) is making significant progress with the Butcherbird Stage 2 Expansion Project, aiming to increase annual production to 1.1 million tonnes per annum of manganese oxide concentrate. The project has advanced through the strategic assessment phase by the Northern Australia Infrastructure Facility (NAIF) and is now proceeding to the detailed due diligence phase. The company's Managing Director, Justin Brown, highlighted the potential of the Butcherbird Project to deliver strong returns for shareholders and provide feedstock for the Company's planned HPMSM facility in Louisiana. This development aligns with E25's ambition to become an industry-leading, world-class, low-carbon battery materials manufacturer.