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RETRANSMISSION: Manganese X Reports Positive Phase 2 Ore-Sorting Results - Achieving 80% Mill Feed Upgrade Improvement - Projected to Reduce Capital and Operating Costs
Newsfile· 2025-08-12 11:38
Core Insights - Manganese X Energy Corp. announced highly positive Phase 2 ore-sorting results, achieving an 80% increase in mill feed grade in its Battery Hill pilot program [2][5][7] - The ore-sorting process is expected to significantly reduce capital and operating costs, enhancing project economics [5][8] Group 1: Ore-Sorting Results - The pilot scale results indicate that the Battery Hill material is very amenable to ore sorting, with an 80% increase in manganese content per tonne after processing [2][3] - The ore-sorting program was conducted at RADOS Technologies lab in South Africa, processing over 400 kg of rock from the Battery Hill manganese deposit [4][6] - The study is part of the preparation for the upcoming Pre-Feasibility Study (PFS) scheduled to commence in Q3 2025 [6][10] Group 2: Economic Implications - The ore-sorting process is projected to deliver significant savings in capital expenditure (CAPEX) and operating costs (OPEX), which could positively impact the project's net present value (NPV) and internal rate of return (IRR) [5][8] - Higher-grade feed allows for a smaller facility to produce more metal, maximizing resource utilization and reducing environmental impact [8][10] - The results confirm the economic potential of the ore-sorting technology, supporting its integration into the company's operations [7][8]
Manganese X Reports Positive Phase 2 Ore-Sorting Results - Achieving 80% Mill Feed Upgrade Improvement - Projected to Reduce Capital and Operating Costs
Newsfile· 2025-08-12 04:15
Core Insights - Manganese X Energy Corp. reported highly positive Phase 2 ore-sorting results, achieving an 80% increase in mill feed grade in its Battery Hill pilot program [2][5][7] - The ore-sorting process is expected to significantly reduce capital and operating costs, enhancing project economics [5][8] Ore-Sorting Results - The ore-sorting program processed over 400kg of rock from the Battery Hill manganese deposit, confirming the material's suitability for ore sorting [4][6] - The increase in mill feed grade indicates that the processed material contains 80% more manganese per tonne than the original mined material [3][7] Economic Implications - The ore-sorting technology is projected to positively impact capital expenditure (CAPEX), operating costs (OPEX), and production costs per tonne, leading to improved project economics [5][7] - Higher-grade feed allows for smaller facilities to produce more metal, maximizing resource utilization and potentially improving project NPV and IRR [8] Future Plans - The study was conducted in preparation for the upcoming Pre-Feasibility Study (PFS) scheduled to commence in Q3 2025, with ongoing discussions about integrating ore sorting into the PFS program [6][10]
Jupiter Mines (JMS) 2025 Conference Transcript
2025-08-04 09:37
Summary of Jupiter Mines (JMS) 2025 Conference Call Company Overview - **Company**: Jupiter Mines (JMS) - **Industry**: Manganese Mining - **Key Asset**: Tippi Mine located in the Kalahari Manganese Field, South Africa Core Points and Arguments - **Major Investor**: Jupiter is a significant investor in one of the world's largest manganese mines, Tippi, which is currently operational and debt-free [3][4] - **Mine Longevity**: Tippi has over 100 years of mine life remaining, providing a stable cash flow and a strong foundation for dividends [4][12] - **Production Capacity**: Tippi produced 3.6 million tonnes of manganese in the last financial year, slightly above its average of 3.4 million tonnes [7][8] - **Dividend Track Record**: Jupiter has paid AUD 410 million in dividends over the last 6.5 years, with a commitment to continue this policy [13][22] - **Market Position**: Jupiter is the largest pure play listed manganese miner globally, benefiting from the volatility of manganese prices [5][6] - **Growth Strategy**: The company has a four-pronged growth strategy focusing on continuous improvement, market share growth, ESG initiatives, and positioning for battery-grade manganese production [15][17][18] Financial Performance - **Dividend Yield**: Jupiter has maintained an average yield of 12% since listing, significantly higher than the ASX 200 average of 5% [22] - **Cost Management**: The mine operates with stable costs and has achieved record production and sales, supporting its dividend payments [22][25] - **Correlation with Manganese Prices**: The share price of Jupiter is closely correlated with manganese prices, providing potential upside for investors [24][26] Market Dynamics - **Manganese Price Trends**: Current manganese prices are stable but have seen recent increases due to low stock levels in China, which are 26% below average [21][20] - **Supply-Side Disruptions**: The market is sensitive to supply-side disruptions, which have historically led to spikes in manganese prices [26][27] Strategic Developments - **Partnership with Exxaro**: A significant development is Exxaro's agreement to purchase the remaining 50% of the Tippi mine, aligning with Jupiter's strategy for consolidation and value generation [28][32] - **ESG Initiatives**: Jupiter is enhancing its ESG reporting and initiatives, including the implementation of solar and battery solutions at the mine [18] Additional Insights - **Logistics Improvement**: There are opportunities to enhance logistics, particularly in bulk transport, which could improve financial outcomes [15] - **Battery-Grade Manganese**: Jupiter is exploring options to produce battery-grade manganese, leveraging existing stockpiles [18] Conclusion - **Investment Proposition**: Jupiter presents a compelling investment opportunity due to its stable cash flow, strong dividend history, and strategic growth initiatives, particularly in the context of rising manganese prices and the recent partnership with Exxaro [29][30][31]
Globex Receives Cash Payments
Globenewswire· 2025-06-25 13:00
Core Insights - Globex Mining Enterprises Inc. has received a final payment of $3 million from Agnico Eagle Mines Limited for the purchase of the Francoeur/Arntfield/Lac Fortune Gold Mines Property in Quebec, retaining a 2% Gross Metal Royalty on all production from the property [1] - The company also received a $50,000 annual advance royalty payment from Renforth Resources Inc. related to the Parbec Gold Property, which has a Measured and Indicated Resource of 9.61 million tonnes grading 0.86 g/t Au and an Inferred Resource of 2.55 million tonnes grading 1.18 g/t Au, with Globex retaining a 3% Gross Metal Royalty [2] - Manganese X Energy Corp. delivered an annual $20,000 advance royalty payment for the Battery Hill Manganese deposit, which has a Measured and Indicated Resource of 34.86 million tonnes grading 6.42% Mn, and Globex retains a 1% Gross Metal Royalty on this property [3]
Giyani Receives Letter of Interest from EXIM for US$225 million
Globenewswire· 2025-06-16 11:00
TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company"), developer of the K.Hill Battery-Grade Manganese Project in Botswana ("K.Hill" or "the Project"), is pleased to announce that it received a non-binding letter of interest ("LOI") from the Export-Import Bank of the United States ("EXIM") for up to US$225 million in financing to support the construction of the Project. Highlights: The LOI from EXIM is not a binding commitment to provide financing; ...
外媒:加蓬宣布将于2029年起停止锰矿原矿出口
news flash· 2025-06-02 07:11
Core Viewpoint - Gabon has announced plans to stop exporting manganese ore starting in 2029 as part of a national strategy to promote industrialization and reduce reliance on unprocessed resource exports [1] Group 1: Government Strategy - The decision is aimed at building local mineral processing capabilities, creating skilled jobs, and increasing resource added value [1] - Manganese is one of Gabon's most important export resources, alongside oil and timber, and is a major source of fiscal revenue for the country [1] Group 2: Industry Impact - Gabon is currently the world's second-largest producer of manganese [1] - The government plans to invest in local processing facilities over a three-year period to support the industrial transition [1] - A public-private partnership investment fund is also proposed to facilitate this industry transformation [1]