logo-loader
viewElement 25 Ltd

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.

Quick facts: Element 25 Ltd

Price: 0.16 AUD

ASX:E25
Market: ASX
Market Cap: $14.73 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Element 25 Ltd named herein, including the promotion by the Company of Element 25 Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Element 25 'well funded' as it progresses PFS on Butcherbird manganese project

Element 25 Ltd's (ASX:E25) Justin Brown sits down with Proactive's Andrew Scott while at Mines and Money in London 2019. The company's flagship asset is the Butcherbird manganese deposit, which has been described as Australia’s largest onshore manganese resource. ''The PFS is around 90%...

on 27/11/19

2 min read