Element 25 Limited (AU:E25) has released an update.
Element 25 Limited has initiated a comprehensive drilling program at their wholly-owned Butcherbird Manganese Project aimed at converting inferred resources to higher confidence categories, which may extend the mine’s life and enhance financing opportunities. The project’s global resource is over 260Mt, and the current drilling is expected to increase the reserve base, thus supporting the expansion of manganese concentrate production. The positive outcome of this infill drilling could lead to a significant increase in the project’s reserve life beyond the current 7.2 years.
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