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E25

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4.48%

32.0¢ element 25 limited

omitted the word "removed". The nasty elements have been leached...

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The Alchemist

1,783 Posts.

260

11/05/20

08:01

Post #: 44541192
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Originally posted by The Alchemist: ↑

The issue with the 37% conc from almost all mines is that manganese is a accumulator metal. Where you find Mn ore it is dirty - iron, a bit of copper, maybe antimony, perhaps some arsenic, phosphorous etc. That costs money to extract and produce clean Mn for either Mn metal / metal sulphide of for very high quality Mn steels. The deposit E25 has is a freak - it is an ancient, weathered orebody which has had all the nasty elements. It may be a little low on grade but it has benefits as it won't be hit up for being a dirty concentrate. So the vale will be less than 37% concentrate - but not by a lot.

I would expect that once the operation is selling concentrate that a pilot plant will be installed on site to produce manganese metal and manganese-metal-sulphide to bring in an offtake agreement or a Japanese/German partner to fund the bulk of the plant.

Going this route puts us in a better financial position and therefore a stronger bargaining position. This will take a little longer, but for the holders, it will bring larger returns in the end.

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omitted the word "removed". The nasty elements have been leached out - which is a positive.

E25 Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.0¢		Change -0.015(4.48%)		Mkt cap ! $71.47M

Open	High	Low	Value	Volume
33.5¢	33.5¢	31.0¢	$157.6K	487.0K

Buyers (Bids)

No.	Vol.	Price($)
3	8753	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
32.5¢	61135	2

View Market Depth

No.	Vol.	Price($)
4	13873	0.320
2	36480	0.315
6	126823	0.310
6	53832	0.305
8	141299	0.300

Price($)	Vol.	No.
0.330	121488	6
0.340	5000	1
0.345	51000	2
0.350	15715	1
0.355	29470	2

Last trade - 13.31pm 01/10/2024 (20 minute delay)

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