Mining lease granted for Butcherbird
PERTH (miningweekly.com) – ASX-listed Element 25 has been awarded a mining lease for its Butcherbird manganese project, in Western Australia, by the Department of Mines, Industry Regulation and Safety.
“The grant of a mining lease at Butcherbird is a pivotal step in the development of this world class project and puts the company in a position to fast-track the project towards commencement of production and cashflow,” said Element 25 MD Justin Brown.
Brown noted that a number of the relevant approvals required to start mining were well advanced, and will be lodged within the coming weeks.
The company is targeting a staged development strategy with production of manganese concentrate to generate early cashflows, with a low capital requirement for Stage 1, followed by an expansion into downstream processing to produce high purity manganese.
A prefeasibility study into the Butcherbird project has estimated base case annual production of 312 000 t/y of medium-grade lump manganese concentrate, grading between 30% to 35% manganese, over a mine life of 42 years.
The study estimated that a capital investment of A$14.5-million would be required to fund the project, along with A$9.2-million in working capital. The project is expected to generate average annual operating cash flows of A$32.1-million between years one and five of production.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation