Element 25 (ASX:E25) share price slips despite project milestone

The mineral exploration and mining company has begun transporting its first manganese shipment.

| More on:
falling industrial asx share price represented by sad looking woman in hard hat

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Element 25 Ltd (ASX: E25) shares are sliding lower on Wednesday. At the time of writing, the Element 25 share price is trading 1.78% lower at $2.21. This comes despite the mineral exploration and mining company announcing another milestone development for its Butcherbird manganese project.

Let's take a look at the company's latest news.

Element 25 progresses multi-stage strategy

In today's statement, Element 25 advised that AK Evans Group Australia is currently transporting the first manganese concentrate shipment from the Butcherbird manganese project to Port Hedland, Western Australia.

The Butcherbird project is a wholly-owned open pit mining development in the Pilbara region of Western Australia. Manganese is emerging as an increasingly important ingredient for EV batteries. This project is believed to contain the largest onshore manganese resource in the country.

The trucks loaded the first manganese concentrate and left on 8 June for loading onto the ship. Around 27 kilotonnes (kt) or 27,000 tonnes of material will make up the entire haulage over the coming days.

Element 25 expects the ship to be fully loaded by the last week of June, ready for departure.

In addition, Element 25's project team will now turn its attention to ramping up operations for a Stage 2 expansion. This follows the commissioning of the Stage 1 processing plant to produce 365 kt of manganese concentrate over a 40-year mine life.

A pre-feasibility study, completed in May 2020, highlighted significant growth beyond the initial Stage 1 production volumes. Current JORC estimates are that the project will produce 263 million tonnes of manganese ore.

Element 25 managing director, Justin Brown commented:

The team has bowled over yet another key milestone on our journey to fast-track the development of the Project. The successful commissioning and ramp up of this first stage of development provides a fantastic foundation from which to grow this business both by expanding concentrate production as part of our Stage 2 expansion plans but also by developing the processing infrastructure to produce battery grade Zero Carbon Manganese products for the Li-Ion batteries which will power the electrification of the global vehicle fleet.

Element 25 share price summary

Over the past year, the Element 25 share price has jumped by around 480%, with year-to-date performance seeing it rise by 46%. It reached an all-time high of $2.90 in late March before investors took profits off the table.

Element 25 has a market capitalisation of roughly $328 million, with more than 148 million shares on its registry.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Resources Shares

Miner looking at a tablet.
Resources Shares

Does Macquarie rate Fortescue shares a buy, hold or sell?

Down 42% in a year, does Macquarie think Fortescue shares are now a good buy?

Read more »

Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.
Resources Shares

Rock solid: How have mining and metals shares fared in 2025?

Who is leading so far?

Read more »

Miner looking at a tablet.
Resources Shares

Mineral Resources share price slides despite significant reserves growth

An 89% resources upgrade hasn’t boosted Mineral Resources shares today.

Read more »

Copal miner standing in front of coal.
Resources Shares

How much upside does Macquarie tip for New Hope shares?

A softer-than-expected quarter has impacted the broker's view.

Read more »

2 people at mining site, bhp share price, mining shares
Resources Shares

Rio Tinto share price pushes higher on $1.4 billion lithium agreement

Rio Tinto shares are gaining major lithium exposure.

Read more »

Miner looking at a tablet.
Resources Shares

Up 73% since April, why Mineral Resources shares could keep charging higher

A leading expert says that Mineral Resources shares remain ‘heavily undervalued’. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Resources Shares

Guess which ASX 200 mining stock is sinking 7% following its quarterly update

Let's see how this miner performed during the third quarter.

Read more »

Miner looking at a tablet.
Resources Shares

What's the latest broker ratings on BHP shares?

There's an air of caution floating about BHP shares even with bullish ratings.

Read more »