Australia's Element 25 jumps on extending manganese mineralisation at WA project

Element 25

12/07/2022 03:38

** Shares of mineral explorer Element 25  E25.AX  climb as
much as 14.3% to A$0.64, hitting their highest since June 9
    ** Co says it is set to re-evaluate the layout of its
Butcherbird project in Western Australia following newly
identified manganese mineralisation  urn:newsml:reuters.com:*:nASX7k0WC3
    ** Says logged manganese mineralisation in multiple drill
holes, and assays have confirmed commercially significant grades
and widths of manganese at Butcherbird
    ** Says mineralisation was intersected where there was no
electromagnetic response and, as such, sees potential for future
discoveries not based on the traditional electromagnetic
signature
    ** Stock down 54.5% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))