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Element 25 enters trading halt with update on funding agreement imminent

The ongoing pre-feasibility study on Element 25’s Butcherbird Manganese Project is scheduled for completion in mid-2019.
dollar sign
The PFS aims to confirm the commercial potential of the project

Element 25 Ltd (ASX:E25) has been granted a trading halt by the ASX pending release of an announcement relating to a funding agreement that is material to the company.

Shares in the company will remain halted until the earlier of, the release of relevant information, or, the commencement of trading on Tuesday 26 March 2019.

READ: Element 25 completes PFS metallurgical drilling at Butcherbird Manganese Project

The company recently completed metallurgical drilling to extract bulk sample material for test work at its Butcherbird Manganese Project in Western Australia.

This program was undertaken as part of Butcherbird's ongoing pre-feasibility study (PFS) and was also designed to demonstrate the scalability of the processing flowsheet developed in conjunction with the CSIRO.

The PFS, which aims to confirm the commercial potential of the project, is scheduled for completion in mid-2019.

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