2 weeks Ago By [email protected] (MENAFN)
( MENAFN - Newsfile Corp) Montreal, Quebec--(Newsfile Corp. - November 6, 2024) - Manganese X energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (the "Company" or "Manganese X") is pleased to announce that starting later this week, it will drill several portions of the Battery Hill deposit near Woodstock, New Brunswick, to upgrade specific areas of Inferred Mineral Resources to the Measured and Indicated Mineral Resource categories.
This resource upgrading drill program is important so these areas of higher grade, near surface mineralization which would be mined in the early years of production can be included and optimized in the upcoming Pre-Feasibility Study ("PFS"). Depending on results, 4 holes will test the recently discovered Moody Hill Northwest mineralization, two holes will test the Sharpe Farm Northwest portion of the deposit, and 4 holes are planned to test the Sharpe Farm Northeast mineralization. The drill program which will provide approximately 1250 metres of core for analysis, is designed to finalize grade and tonnage information for a new NI 43-101 compliant Mineral Resource estimate that will be part of the upcoming PFS.
. Ore Sorting The Company has selected 100 representative pieces of core from its Battery Hill deposit and shipped them to the TOMRA Ore Sorting Solutions laboratory in Germany. This testing is a variation of testing undertaken by the Company in 2017 as reported in the 2022 Battery Hill Preliminary Economic Assessment and, if successful, would positively impact the mining, processing and environmental footprint of the project.
Samples were received in Germany in early October and preliminary results are expected by year end. Metallurgical and High Purity Test Samples Kemetco Research Inc. (Kemetco) located in Richmond, B.
C., continues to operate the Manganese X Energy Pilot Plant to provide samples of its battery-grade compliant high purity manganese sulfate product ("HPMSM") to potential customers. Kemetco is also continuing to detail all operating parameters of the Battery Hill Project's metallurgical and purification flow sheet required for the Company's upcoming Battery Hill PFS.
Testing also includes investigating additional possible products from the same ore feedstock. Martin Kepman, CEO of Manganese X, states, "We are pleased that these programs will be completed in the near future since they are critical for the economic optimization of the project during the upcoming pre-feasibility study and the forward planning of the mine permitting process. We remain totally committed to be at the forefront of a domestic supply of EV compliant high-purity manganese for the North American battery manufacturers.
The Company anticipates releasing further updates from US Battery Technology Leader C4V and Kemetco Research Inc. within the next two weeks." C4V is a global leader in renewable battery technology, as well as involved in some of the world's largest Gigafactory developments.
About Manganese X Energy Corp. Manganese X's mission is to advance its Battery Hill project into production, thereby becoming the first public actively traded manganese mining company in Canada and US to commercialize EV compliant high purity manganese, potentially supplying the North American supply chain. The Company intends on supplying value-added materials to the lithium-ion battery and other alternative energy industries, as well as striving to achieve new carbon-friendly more efficient methodologies, while processing manganese at a lower competitive cost.
For more information visit the website at . On behalf of the Board of Directors of MANGANESE X ENERGY CORP. MENAFN06112024004218003983ID1108855550 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind.
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