Pure Minerals completes Stage 1 of manganese hunt in WA

Published at Dec 12, 2017, in Mining

The first phase of drilling is now completed, at the Battery Hub manganese project in WA. That’s the latest news from Pure Minerals Ltd (ASX:PM1), an ASX-listed resources company, with intentions of defining its maiden JORC Resource in the region. To do this, PM1 intends to utilise this drill data, plus the historic database of more than 500 drill holes.

Pure minerals battery hub

Source: Pure Minerals

Pure Minerals has adjusted its exploration programme in WA, by extending the previous programme by over 40%. Pure Minerals opted to expand the campaign upon recognising that areas slated for testing in the second phase of drilling could be accessed without requiring track construction. In addition, new drill targets were identified in the field that warranted immediate testing.

Pure Minerals says more than 1,500 samples, comprising 413 composite samples and 1,125 one-metre split samples, have been submitted to ALS Global laboratory in Wangara, WA, for assay testwork. First test results are expected before the end of the year, and with more to follow in Q1 2018.

Additionally, Pure Minerals geologists are hopeful of tapping into a rarefied zone of mineralisation that could enable the production of Electrolytic Manganese Dioxide (EMD) or Electrolytic Manganese Metal (EMM). Among the areas to be tested in this round of drilling will be the Five Fingers prospect, where recent rock chip sampling returned grades as high as 52.6% Mn.

PM1 has identified and sampled specific zones of mineralisation for preliminary metallurgical testwork aimed at determining the ability to beneficiate the mineralised material and assess its suitability to produce Electrolytic Manganese Dioxide (EMD) or Electrolytic Manganese Metal (EMM).

It should be noted PM1 is a speculative stock and investors should seek professional financial advice if considering this stock for their portfolio.

Manganese compared

EMD is a key ingredient in the production of batteries, including conventional alkaline cells and lithium-ion batteries. Manganese has been seeing increased use in specialty batteries due to its lower cost and capability for safer operation that competing Li-ion battery technologies. In the years to come, demand for EMD and EMD-lithium based batteries is widely expected to track increasing demand for electric automobiles and electrical grid storage batteries, while also potentially benefitting from capture of market share from competing battery technologies.

EMM is a virtually pure elemental manganese product produced through electrolytic refinement. Manganese is a key ingredient in several types of steel and stainless steel, as well as aluminium alloys. On average, every tonne of steel produced contains 0.5 to 1% manganese. EMM specifically is used in low-carbon and specialized steel production, and competes in many uses with low-carbon ferromanganese, depending on price.


Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


SEE THE PORTFOLIO

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X