viewElement 25 Ltd

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: 0.585 AUD

Market: ASX
Market Cap: $67.97 m

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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