Element 25 has completed its infill drilling program at its Butcherbird Manganese Project in Western Australia.
The company confirmed that all assay results have been received in anticipation of a mineral resource re-estimation and subsequent ore reserve update scheduled for September.
The company executed 216 percussion drill holes totalling 6,203m, with 5,513 samples sent for analysis.
The drilling and geological logging results demonstrated continuity of mineralisation within existing Butcherbird resources intended for future mining operations.
Managing Director Justin Brown stated the significance of the program, "Our recently completed infill drilling program will allow the global resource at Butcherbird to be recalculated with a higher degree of certainty aimed at the conversion of inferred resources to measured and indicated classifications to increase the reserve tail in support of the planned ramp up to 1.1Mt production rates."
Renowned consultancy firm IHC Robbins has been appointed to carry out the resource upgrade, with work slated to begin immediately.
Element 25's feasibility study for the project expansion was completed earlier this year, and the company is now focused on detailed engineering, design, and project financing.
The Butcherbird Manganese Project, positioned in the Pilbara region, hosts over 260 million tonnes of manganese ore.
The company aims to update the mineral resource and ore reserve estimates by September.
Element 25 is a mineral exploration company that acts as the operator of the Butcherbird Manganese Project, which hosts onshore manganese resources with joint ore reserve committee (JORC) resources of more than 260 million tons of manganese ore.
At the time of reporting, Element 25's share price was $0.1975.