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ELEMENT 25 LIMITED Capital/Financing Update 2010

Oct 10, 2010

64810_rns_2010-10-10_bd3b1ec2-4cd1-4f5f-99f6-f4ada605c73e.pdf

Capital/Financing Update

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ASX RELEASE

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11 October 2010

ASX CODE: MZM ISSUED SHARES: 42.33M 52 WEEK HIGH: $0.40 52 WEEK LOW: $0.16

CONTACT:

JUSTIN BROWN Managing Director +61 438 745 675

FURTHER MANGANESE INTERSECTED AT BINDI HILL AND CADGIES FLATS

  • Drilling at Butcherbird (west) confirms large tonnages of beneficiable manganese mineralisation.

  • Best Results include;

  • 10BBRC028: 16m @ 12.50% Mn from surface 10BBRC054: 15m @ 11.61% Mn from surface 10BBRC006: 24m @ 9.38% Mn from surface

  • Results to date support at Bindi Hill support an Exploration Target of 20-30 Mt @ 8-15%** manganese. Excellent potential to exceed this with further drilling.

  • 9,000m RC and DD drilling programme commencing midOctober to support maiden JORC Resource Estimate.

BOARD:

Denis O’Meara: Chairman Justin Brown: MD John Ribbons: Non-Exec

KEY PROJECTS:

PEAK HILL (85-100%) Gold

DURACK (earning 85%) Gold, Copper

BUTCHERBIRD (100%) Manganese, Copper

MT PADBURY (100% of gold) Gold, Manganese, Iron

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KEY SHARE POSITIONS:

AUVEX RESOURCES LTD 7,500,000 FPO Shares

BUXTON RESOURCES LTD 3,010,000 FPO Shares

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**It should be noted that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource, and that it is uncertain if further exploration will result in the determination of a Mineral Resource.

The Company is pleased to advise complete drilling results have now been received from the phase 1 drilling at the Bindi Bindi Hill, Alcoa Hole and Cadgies Flats manganese Prospects within the Butcherbird manganese/copper project.

The drilling results further confirm the presence of broad areas of beneficiable manganese material starting at surface and extending over significant mineable widths of 5-24m.

The work completed to date supports an **Exploration Target potential at Bindi Bindi Hill of 20-30 Mt at 8-12% Mn . Beneficiation test work completed so far suggests that the material can be beneficiated by crushing, screening and dense media separation and work is ongoing to further refine this process.

At Cadgies Flat the mineralisation is somewhat thinner, at around 5m but some very high grades have been returned from rock chips in this area and based on mapping since the first pass drilling was completed, we now believe that the best areas have yet to be drilled.

RC and Diamond drilling is scheduled to re-commence mid October to support more definitive metallurgical testing which are expected to yield better recoveries and potentially higher beneficiation grades than the work completed to date on RC chips. The drilling will also support a maiden JORC Resource Estimate over selected mineralised zones.

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Figure 1 : Plan view showing completed drillhole locations, selected RC composite intersections and prospect locations at Butcherbird (west).

Hole ID Prospect Northing Easting From To Interval Mn(%) Including Fe(%) SiO2(%) P(%)
10BB001 Alcoa Hole 7300915 765764 0 1 1 7.26 8.3 46.1 0.03
8 10 2 11.3 10.04 46.4 0.1
12 14 2 9.1 8.56 49.95 0.12
10BB002 Alcoa Hole 7300900 765700 22 23 1 14.41 14.69 29.7 0.05
10BB003 Alcoa Hole 7300876 765781 4 9 5 10.66 9.27 43.76 0.06
18 24 6 13.12 9.73 44.02 0.06
29 38 9 11.54 11.21 37.86 0.07
10BB034 Alcoa Hole 7300694 765616 8 11 3 8.29 9.46 50.13 0.05
25 37 12 11.6 9.98 37 0.08
10BB035 Alcoa Hole 7300745 765573 2 24 22 10.21 [email protected] 11.29 45.01 0.08
29 34 5 7.88 8.76 43.92 0.08
10BB005 Bindi Bindi Hill 7299650 765598 5 17 12 9.22 10.85 46.58 0.1
20 29 9 9 10.14 40.5 0.14
10BB006 Bindi Bindi Hill 7299549 765593 0 24 24 9.38 9.99 43.47 0.09
10BB007 Bindi Bindi Hill 7299150 765500 0 10 10 12.2 10.8 43.94 0.1
10BB008 Bindi Bindi Hill 7299150 765450 0 9 9 11.8 11.23 43.03 0.1
10BB009 Bindi Bindi Hill 7299151 765400 0 9 9 10.24 10.57 42.68 0.12
10BB010 Bindi Bindi Hill 7299250 765400 1 12 11 10.86 11.55 42.34 0.11
10BB017 Bindi Bindi Hill 7299000 765300 0 2 2 7.38 9.65 47.1 0.08
10BB018 Bindi Bindi Hill 7299100 765300 6 12 6 9.72 8.88 46.38 0.09
10BB019 Bindi Bindi Hill 7299200 765300 0 10 10 12.81 10.57 42.92 0.1
10BB020 Bindi Bindi Hill 7299300 765300 2 11 9 13.15 11.68 40.66 0.11
10BB022 Bindi Bindi Hill 7299100 765400 0 4 4 11.23 10.05 40.48 0.08
10 13 3 9.24 9.93 47.5 0.09
10BB023 Bindi Bindi Hill 7299200 765400 0 10 10 12.22 [email protected] 9.57 42.5 0.11
10BB024 Bindi Bindi Hill 7299300 765400 0 15 15 11.87 [email protected] 9.48 43.37 0.09
10BB025 Bindi Bindi Hill 7299000 765500 1 4 3 7.76 8.86 46.76 0.07
10BB026 Bindi Bindi Hill 7299100 765500 0 8 8 12.12 [email protected] 9.07 42.43 0.08
10BB027 Bindi Bindi Hill 7299200 765500 0 13 13 12.16 [email protected] 9.84 43.82 0.1
10BB028 Bindi Bindi Hill 7299300 765500 0 16 16 12.5 [email protected] 9.61 45.06 0.1
10BB029 Bindi Bindi Hill 7299000 765600 1 6 5 5.33 8.04 47 0.13
10BB030 Bindi Bindi Hill 7299100 765600 0 6 6 8.01 7.78 46.43 0.09
10BB031 Bindi Bindi Hill 7299200 765600 0 7 12.42 [email protected] 11.12 42.08 0.11
10BB032 Bindi Bindi Hill 7299300 765600 1 16 15 8.82 9.55 43.69 0.08
10BB054 Bindi Bindi Hill 7299300 764700 0 15 15 11.61 [email protected] 9.02 46.62 0.08
22 24 2 9.6 10.35 47.15 0.07
10BB054B Bindi Bindi Hill 7299200 764700 1 6 5 8.09 10.52 49.94 0.1
25 26 1 10.53 8.88 47.4 0.09
10BB054S Bindi Bindi Hill 7299306 764597 4 25 21 10.58 [email protected] 10.55 46.7 0.09
10BB055 Bindi Bindi Hill 7299300 764800 2 8 6 11.66 [email protected] 8.96 47.13 0.08
18 19 1 14.02 9.79 43.5 0.14
10BB055B Bindi Bindi Hill 7299403 764784 8 24 16 9.87 10.86 47.79 0.1
10BB055C Bindi Bindi Hill 7299200 764807 0 1 1 15.1 7.27 45.7 0.05
10BB056 Bindi Bindi Hill 7299300 764900 1 2 1 13.3 7.48 51.7 0.03
5 13 8 9.04 8.54 50.31 0.07
10BB057 Bindi Bindi Hill 7299300 765000 1 13 12 12.26 [email protected] 10.03 45.33 0.1
23 26 3 6.49 8.09 47.27 0.12
10BB058 Bindi Bindi Hill 7299300 765100 1 14 13 8.28 [email protected] 10.09 46.5 0.1
10BB059 Bindi Bindi Hill 7299300 765200 0 8 8 8.71 [email protected] 8.02 44.55 0.1
10BB060 Bindi Bindi Hill 7298500 765600 1 2 1 10.38 10.91 46.7 0.04
10BB061 Bindi Bindi Hill 7298600 765600 4 6 2 9.6 9.82 46.95 0.09
10BB065 Bindi Bindi Hill 7299400 765600 0 17 17 8.66 [email protected] 9.26 42.21 0.09
10BB066 Bindi Bindi Hill 7299500 765600 0 19 19 8.47 [email protected] 10.07 45.23 0.09
10BB067 Bindi Bindi Hill 7299600 765600 1 27 26 9.52 [email protected] 9.31 42.01 0.11
10BB068 Bindi Bindi Hill 7299700 765600 6 15 9 8.14 11.35 47.49 0.12
20 33 13 8.09 9.39 39.77 0.09
Hole ID Prospect Northing Easting From To Interval Mn(%) Including Fe(%) SiO2(%) P(%)
10BB069 Bindi Bindi Hill 7299800 765600 14 18 4 7.4 10.98 44.52 0.1
10BB071 Bindi Bindi Hill 7300000 765600 40 50 10 8.37 9.08 37.64 0.1
10BB072 Bindi Bindi Hill 7299240 765700 1 15 14 12.14 [email protected] 10.52 42.12 0.09
10BB073 Bindi Bindi Hill 7299240 765800 0 16 16 9.73 [email protected] 10.02 42.34 0.1
10BB074 Bindi Bindi Hill 7299220 765900 1 13 12 9.64 9.42 41.21 0.08
10BB075 Bindi Bindi Hill 7299220 766000 0 12 12 9.31 9.41 44.33 0.08
10BB076 Bindi Bindi Hill 7299140 766100 0 11 11 10.76 [email protected] 9.75 46.94 0.1
10BB077 Bindi Bindi Hill 7299100 766200 0 11 11 9.94 9.64 48.34 0.07
10BB078 Bindi Bindi Hill 7299100 766300 0 12 12 9.31 9.06 46.16 0.08
10BB079 Bindi Bindi Hill 7299100 766400 0 12 12 9.96 [email protected] 9.83 47.87 0.12
10BB080 Bindi Bindi Hill 7299100 766500 0 12 12 10.59 [email protected] 9.81 44.68 0.12
10BB103 Cadgies Flats 7303520 767250 0 2 2 7.39 8.78 49.8 0.1
6 7 1 8.98 10.77 47.3 0.09
12 16 4 9.31 9.98 40.35 0.14
10BB105 Cadgies Flats 7303520 767210 7 17 7.81 [email protected] 10.68 46.96 0.14
10BB106 Cadgies Flats 7303520 767190 2 4 2 9.83 8.37 43.8 0.12
6 7 1 9.14 11.75 46.8 0.15
10 13 3 8.23 11.21 42.97 0.14
10BB107 Cadgies Flats 7303520 767170 5 11 6 8.68 10.98 47.27 0.15
10BB108 Cadgies Flats 7303520 767150 1 2 8.21 10.42 39.3 0.15
4 11 7 8.9 [email protected] 12.43 44.58 0.15
10BB163 Cadgies Flats 7303461 767271 0 5 5 9.11 9.76 47.18 0.12
10BB164 Cadgies Flats 7303480 767270 0 6 6 10.91 [email protected] 9.73 46 0.1
15 18 3 8.21 10.4 41.3 0.13
10BB165 Cadgies Flats 7303500 767269 0 4 4 9.07 10.09 45.98 0.15
11 18 7 6.79 9.3 46.66 0.1
10BB166 Cadgies Flats 7303520 767269 0 4 4 9.68 [email protected] 10.91 46.2 0.11
13 17 4 9.24 10.37 39.98 0.12
10BB167 Cadgies Flats 7303539 767269 0 4 4 8.68 [email protected] 10.54 47.75 0.11
14 17 3 8.44 10.51 40.97 0.11
10BB168 Cadgies Flats 7303557 767270 2 4 2 11.06 [email protected] 7.89 48.05 0.16
10BB169 Cadgies Flats 7303578 767268 0 4 4 8.19 [email protected] 10.01 45.12 0.16
14 18 4 8.13 9.79 42.1 0.1
10BB170 Cadgies Flats 7303598 767267 0 4 4 9.58 [email protected] 9.55 45.6 0.11
7 9 2 8.85 9.65 48.75 0.1
10BB171 Cadgies Flats 7303522 767289 0 5 5 10.58 [email protected] 10.1 46 0.11
8 10 2 10.26 8.7 47.65 0.12
14 18 4 8.3 10.07 41.65 0.13
10BB172 Cadgies Flats 7303520 767310 0 6 6 10.23 12.71 44.05 0.14
13 19 6 7.06 9.11 45.27 0.11
10BB173 Cadgies Flats 7303519 767328 2 8 6 9.2 [email protected] 10.72 47.62 0.12
10BB174 Cadgies Flats 7303517 767348 1 5 4 10.25 [email protected] 8.78 47.98 0.07
18 22 4 7.86 9.98 41.82 0.11
10BB175 Cadgies Flats 7303518 767391 2 9 7 11.36 [email protected] 10.34 45 0.09
16 23 7 6.67 9.14 45.16 0.09
10BB176 Cadgies Flats 7303517 767430 0 11 11 6.93 [email protected] 10.86 51.34 0.1
20 24 4 7.33 9.9 42.92 0.1
10BB177 Cadgies Flats 7303519 767533 2 12 10 8.37 [email protected] 10.39 50.39 0.11
22 24 2 9.1 10.14 39.85 0.14
10BB178 Cadgies Flats 7303518 767607 0 12 12 7.81 [email protected] 10.38 51.12 0.1
22 25 3 8.34 9.37 42.27 0.1
10BB179 Cadgies Flats 7303520 767692 0 1 1 7.31 25.25 30.1 0.05
10BB180 Cadgies Flats 7303528 767071 7 10 3 11.08 12.43 43.53 0.13
10BB181 Cadgies Flats 7303530 766976 3 13 10 7.61 [email protected] 10 48.89 0.11
10BB043 Mungajerrie 7298200 763200 13 14 1 11.62 12.17 43.2 0.03
10BB047 Mungajerrie 7298600 763200 2 7 5 8.22 7.2 52.18 0.09
Hole ID Prospect Northing Easting From To Interval Mn(%) Including Fe(%) SiO2(%) P(%)
10BB050 Mungajerrie 7298900 763300 6 8 2 8.25 7.5 51.35 0.07
10BB053 Mungajerrie 7299200 763400 7 9 2 7.08 5.68 55.8 0.06

Table1 : RC Drilling results form the Bindi Bindi Hill, Alcoa Hole, and Cadgies Flats Prosects within the Butcherbird Project area. Composite results shown from geologically constrained zones and a bottom cut of approximately 6% manganese.

More Information

Justin Brown

Managing Director

Phone: +61 (8) 9228 4833 Mobile: 0438 745 675

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