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Full interview: Element 25 in due diligence phase for Northern Australia Infrastructure Facility (NAIF) support

Element 25 Ltd (ASX:E25) executive director Justin Brown updates Proactive on progress with an application for Northern Australia Infrastructure Facility (NAIF) support for the Butcherbird Manganese Project.

The company has received written confirmation that NAIF has considered a strategic assessment paper for the project and has consented to progress the assessment to the due diligence stage.

With manganese identified as a critical metal in the Government’s critical metals strategy, the NAIF process has potential to provide a positive step forward.

The next step is to submit a formal investment proposal but at this stage there is no certainty that an agreement will be reached between the parties.

Quick facts: Element 25 Ltd

Price: 1.905 AUD

ASX:E25
Market: ASX
Market Cap: $252.67 m
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Element 25 now just weeks away from becoming a producer at Butcherbird

Element 25 Ltd's (ASX:E25) (FRA:QFP) (OTCMKTS:ELMTF) Justin Brown tells Proactive's Andrew Scott they're making strong progress on the first stage of a planned multi-stage development at the Butcherbird manganese project with the delivery on-track for next month. The current work plan has dry...

3 days, 9 hours ago

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