Proactive Investors - Run By Investors For Investors

Element 25 secures $700,000 cash and royalty in non-core divestment

$700,000 in cash as consideration for the sale has been received from St Barbara Ltd.
This is an important step in Element 25’s strategy to rationalise its project portfolio

Element 25 Ltd (ASX:E25) has reached agreement with St Barbara Ltd (ASX:SBM) for the sale of its Green Dam Project in Western Australia.

Pursuant to the sale agreement, St Barbara will acquire 100% of the Green Dam Project for $700,00 cash.

Share in future exploration success

St Barbara will also grant Element 25 a 2% net smelter royalty on all future production from the Green Dam Project.

The retained royalty ensures that shareholders will benefit from future exploration success as St Barbara takes the project forward.

Importantly, the additional cash will provide important working capital as Element 25 completes the pre-feasibility work at its 100% owned Butcherbird High Purity Manganese Project in Western Australia.


The asset sale represents another important incremental step in Element 25’s stated strategy to rationalise its project portfolio to allow the technical team to focus on the development of the high purity manganese business at Butcherbird.

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.

This program was undertaken as part of Butcherbird's ongoing pre-feasibility study 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.

View full E25 profile View Profile

Element 25 Ltd Timeline

Related Articles

January 17 2019
Constantine Metals has a broad portfolio of assets in Alaska and Ontario
March 20 2019
The company aims to unlock the potential of Japan’s gold resources
West Musgrave project in Western Australia on a map
April 18 2019
JV partners CZI and Oz Minerals aim to confirm the West Musgrave project's potential with a Nebo-Babel PFS.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use