Rolek Resources Ltd (ASX:RLK) managing director Ian Stuart speaks to Proactive Investors about the company's newly-acquired advanced Barramine Manganese Project and its near-term development strategy.
"The Barramine Manganese Project is unique in that it's had a lot of work done on it previously, some $7 million worth of drilling, over 300 holes, and a very solid comprehensive body of geological work," Stuart says.
He continues, "so it's a near-term production opportunity for us.
"Manganese is a vital component in steelmaking and the price is always underpinned by steel - the market grows about 2% year-on-year. Increasingly it's being used more and more as a component in cathode material in the battery space."