Trek Metals announces acquisition of South Woodie Woodie manganese project
2022-06-08 14:37:32 [Print]
U.S.-based Trek Metals on Monday announced the proposed acquisition of the advanced South Woodie Woodie manganese project in the Pilbara, accelerating its battery metals strategy.
The company has entered into a binding scheme implementation agreement under which it will acquire the shares of unlisted public company Edge Minerals in a transaction valued at about A$4 million.
South Woodie Woodie has an inferred mineral resource estimate of 11.3 million tonnes, grading 15% manganese for the Contact and Contact North deposits, with immediate drill targets for both resource extensions and new discoveries.
The South Woodie Woodie project will be renamed Hendeka project following the implementation of the scheme, currently targeted for October.
The company has entered into a binding scheme implementation agreement under which it will acquire the shares of unlisted public company Edge Minerals in a transaction valued at about A$4 million.
South Woodie Woodie has an inferred mineral resource estimate of 11.3 million tonnes, grading 15% manganese for the Contact and Contact North deposits, with immediate drill targets for both resource extensions and new discoveries.
The South Woodie Woodie project will be renamed Hendeka project following the implementation of the scheme, currently targeted for October.
Manganese Lump 96.5%min FOB China
Unit:USD/mt
China manganese briquette producers' sales to production ratio statistics by province by month
Unit: %
