I, too, am also predicting manganese to strive in the next 6 - 12 months.
China produces almost all EMD's in the world for battery purposes, and predominantly get their quality Mn from South Africa and Australia.
You're spot on about PM1 being a potential frontrunner in the next 12 months. Their Battery Hub project spans over 720 square km's and previously held by ARM. Over 500 holes drilled in the past with around 70 holes showing >15% Mn. The only drawback is that the 2 comprised grounds are still in ELA and approval is expected in Aug & Oct respectively. If stars align, the project can represent the next Mn province in Australia - but there is still a lot of work to do.
MZM's Butcherbird only spans 3 x 3km with a current Mn JORC estimate. They will need the Mn price to soar hard in order to get the project running. But looking at their diversity of projects, one would expect the Board to sell this off (or free carry) to a mid-tier group if indeed Mn prices spike.
Both have stunningly low EV's. Not a bad punt to get set given both companies are (and will be) cashed up.
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