Possibly more importantly the processing firms also have different standards on what impurities are acceptable. Not all Manga is the same. Large proportion of Manganese ore deposits are not amenable to being processed into HPMSM or HPEMM because battery grade has specific impurities requirements.
Significantly, low values of certain elements that occur in Butcherbird manganese ores compared with generally available ores on world markets,i.e South African, means Butcherbird ore offers a distinct pricing advantage against similar medium ores. Hence the clause in the off take contract and the premium included in the PFS. Butcherbird ore has also proven to be highly amenable to the production of HPMSM and HPEMM. Again, a rather large distinct advantage.
E25 Price at posting:
$1.96 Sentiment: Buy Disclosure: Held
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