Element 25 Limited (AU:E25) has released an update.
Element 25 Limited has initiated infill drilling at its wholly-owned Butcherbird Manganese Project to upgrade inferred resources and extend the project’s life to about 20 years, enhancing the reserve base for project financing. This move, crucial for securing favorable financing terms, aims to support an expanded processing facility capable of producing 1.1 million tonnes of manganese concentrate annually. The four-week drilling program is set to strengthen the financial viability of Butcherbird by significantly increasing its proved and probable reserves.
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