from the ASX...Stage 1 offtake agreement finalised with OM Materials Pte Ltd (OMS), a wholly owned subsidiary of ASX listed OM Holdings Limited (ASX:OMH).
$35.5M placement with strong support from a leading Swiss ESG fund.
Proceeds of the offering will fully fund the expected capital outlay to expand production at the Butcherbird Project to over 1 million tpa of manganese concentrate.
The raising also underpins funding to accelerate work on completing the flowsheet and plant design to produce High Purity Battery Grade Manganese Sulphate (HPMSM) for New Energy Vehicles (NEV).
Commissioning activities progressing well at the Butcherbird Mine Site.
First ore has been successfully processed through the plant.
Production of in specification 30-35% Mn concentrate achieved early in commissioning programme.
Commissioning activities progressing well at the Butcherbird Mine Site.
First ore has been successfully processed through the plant.
Production of in specification 30-35% Mn concentrate achieved early in commissioning programme.
Optimisation and ramp-up progressing on schedule.
$35.5M placement with strong support from a leading Swiss ESG fund.
Proceeds of the offering will fully fund the expected capital outlay to expand production at the Butcherbird Project to over 1 million tpa of manganese concentrate.
The raising also underpins funding to accelerate work on completing theflowsheet and plant design to produce High Purity Battery Grade ManganeseSulphate (HPMSM) for New Energy Vehicles (NEV).
Wet commissioning underway at site with a progressive ramp-up scheduled forthe next three months to nameplate production.
Pre-commissioning activities have commenced at the Butcherbird mine site.
Electrical systems and instrument loop checking underway.
Power station installation and power up scheduled for later this week.
First ore processing planned for the second half of March 2021.
