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32.0¢ element 25 limited

Re: E25 Quarterly Report, page-19

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bankroet

649 Posts.

59

11/05/20

10:59

Post #: 44546212
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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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Alchemist

do you happen to know how the E25 Mn content compares to SAF ore?

cheers

E25 Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last 32.0¢		Change -0.015(4.48%)		Mkt cap ! $71.47M

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33.5¢	33.5¢	31.0¢	$157.6K	487.0K

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4	23753	32.0¢

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