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Manganese X Energy Advances Preliminary Economic Assessment of Battery Hill Manganese Project with Improved Flowsheet Optimisation Demonstrating Significant Cost Savings in the Production of High Grade Battery Material for the EV and Stored Energy Space
Montréal, Québec--(Newsfile Corp. - August 3, 2021) - Manganese X Energy Corp. (TSX...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Energy Advances Preliminary Economic Assessment of Battery Hill Manganese Project with Improved Flowsheet Optimisation Demonstrating Significant Cost Savings in the Production of High Grade Battery Material for the EV and Stored Energy SpaceMontréal, Québec--(Newsfile Corp. - August 3, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTCQB: MNXXF) (\"Manganese X\", \"MN\" or the \"Company\") is pleased to announce an update and results from its ongoing processing and metallurgical studies. Manganese X, together with Kemetco Research Inc. (\"Kemetco\") are completing the test work as part of the Preliminary Economic Assessment (\"PEA\") which will characterize and assess the economic and commercial viability of producing high purity, battery grade manganese products from the Battery Hill project located near Woodstock, New Brunswick, Canada.Highlights:News Release dated July 7, 2021Battery Hill project mineral resource estimate consists of 34.86 million tonnes of Measured and Indicated mineral resources grading 6.42% Mn, plus an additional 25.91 million tonnes of Inferred mineral resources grading 6.66% Mn utilizing a 2.5% Mn cut-off grade that reflects total operating costs having \"reasonable prospects for economic extraction\".Sensitivity analysis of the Battery Hill deposit to cut-off grade indicates 12.25 million tonnes of Measured and Indicated mineral resources at 8.77% Mn and 10.61 million tonnes of Inferred mineral resources grading 9.05% Mn utilizing a cut-off grade of 7% Mn.As part of the ongoing PEA, project economics will be maximized by optimizing production schedules and starter pit outlines towards higher grade material such as above.The large mineral resource base underlines the project's potential to sustain long term production.Processing & Metallurgical Consistent overall extraction rates ranging between 80 and 90% being achieved.Significant reduction in reagent consumptions have been observed during the leach process, which will result in significant cost reductions as well as permitting and environmental benefits. Streamlining within the purification process to produce high purity manganese products will also significantly reduce overall processing operating costs.Purification results are improved with extremely low levels of base and alkali metal contaminants. The above pos...