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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: 0.94 AUD

ASX:E25
Market: ASX
Market Cap: $118.9 m
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Element 25's Justin Brown hails manganese offtake deal and $9.75 million...

Element 25 Limited's (ASX:E25) Justin Brown speaks to Proactive's Andrew Scott after agreeing key commercial terms under a non-binding term sheet to sell 100% of the manganese ore produced - up to 365,000 tonnes per annum - from the first stage of the Butcherbird Project development in Western...

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