After initiating a Scoping Study to review the potential for the Butcherbird Project in early 2018, Montezuma Mining has submitted a Mining Lease Application that will cover the Yanneri Ridge and Coodamudgi Manganese deposits in Western Australia.
|Image credit: Montezuma|
Montezuma's 100% owned Butcherbird Manganese Project hosts Australia's largest onshore manganese resource in multiple outcropping deposits.
The Yanneri Ridge Manganese deposit has been identified during historical resource definition work and a more recent mining study as the optimum location to commence mining operations to produce high purity battery grade manganese via the Company's innovative hydrometallurgical process developed in conjunction with CSIRO.
The work that has been completed by CSIRO has successfully developed a hydrometallurgical flowsheet which can unlock the large volume of manganese metal contained within these deposits.
Whilst high purity manganese makes up only 10% of the manganese market by volume, it accounts for an estimated 40% of the total value in sales of the market. The production of high purity products from Butcherbird ores allows the Company to initiate commercial studies into becoming a producer of high value products rather than attemting to compete in the traditional bulk commodity manganese markets. This represents a transition from a large tonnage, low margin business opportunity, to a lower risk low tonnage high margin business in a strongly growing market.