E25 4.55% 23.0¢ element 25 limited

updates reply from justin, page-20

  1. 33,528 Posts.
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    Blyth you may want to speak to Justin there is no though of mining the Mn at Mt Padbury, the Mn to be mined will be the Ant hill and Sunday hill paleo channel manganese deposits which , through an affiliated company Autex that MZM will be taking a holding in, and the ore grades high enough to be direct shipped with around 20K tonnes in existing stockpiles plus they should have enough resource to mine around 200K tonnes per annum by next July. Say MZM gets 12% of that 200K through its holding in Autex say they get $200 a tonne(would be a lot higher but the grade is only around 18% at Ant hill) thats something like $4M coming in for MZM in revenue each year less costs.
    These deposits are close to Port Headland

    Please get your facts right before posting, and as for the Au being uneconomic at Peak hill, the drill bit will better define your conjecture.
 
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