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ELEMENT 25 LIMITED Regulatory Filings 2011

Jan 12, 2011

64810_rns_2011-01-12_cea2b295-dbfc-4877-b7ea-220df9422d5f.pdf

Regulatory Filings

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ASX RELEASE

13 January 2011

ASX CODE: MZM ISSUED SHARES: 43.03M 52 WEEK HIGH: $0.95 52 WEEK LOW: $0.18

CONTACT:

JUSTIN BROWN Managing Director +61 438 745 675

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

YANNERI RIDGE RESOURCE DRILL-OUT RESULTS

  • Assay results received and compiled for the Yanneri Ridge maiden resource drill-out programme.

  • Best results include: 10BB223 23m @ 11.39% Mn from 3m 10BB245 18m @ 11.25% Mn from 8m 10BB320 18m @ 12.18% Mn from 0m (incl. 3m @ 15.47% Mn)

  • 10BB339 20m @ 13.37% Mn from 1m (incl. 8m @ 17.06% Mn)

  • All assay and supporting data has been supplied to Snowden’s who are undertaking the maiden resource calculation for Yanneri Ridge.

The Company is pleased to advise that assays have now been received for the recently completed RC drillout of the Yanneri Ridge manganese deposit.

The data acquired from this drilling will be used to calculate a maiden Mineral Resource Estimate for the deposit for which the Company has previously published an Exploration Target of between 40 and 50 million tonnes grading between 10% and 15% Mn** .

**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.

Snowden’s have been appointed to undertake the resource calculation and all assay and supporting information including wireframes, density and QA/QC information have now been forward to them to commence the process.

The resulting resource model will be released to the market on sign off and will form the basis for a subsequent scoping study to investigate the commercial potential for development of the Yanneri Ridge manganese deposit, one of six deposits discovered within the Butcherbird Project to date.

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Figure 1 : RC and diamond drillhole collar locations for the Yanneri Ridge resource drill-out programme. Collars are shown over the coincident EM data

More Information

Justin Brown

Managing Director

Phone: +61 (8) 6315 1400 Mobile: +61 438 745 675

The Information in this report that relates to exploration results is based on information compiled by Justin Brown, who is a member of the Australian Institute of Mining & Metallurgy. Mr Brown is a geologist and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Justin Brown consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

PROSPECT HOLE ID NORTHING EASTING RL FROM TO Interval Ave. Mn(%) Including
YANNERI RIDGE 10BB212 7297896.56 771901.88 618.61 27 30 3 7.32
YANNERI RIDGE 10BB213 7297797.64 771905.00 619.89 0 29 29 11.03 5m@ 17.09%
YANNERI RIDGE 10BB214 7297698.41 771900.83 621.05 7
29
26
31
19
2
11.29 5m @ 14.27
11.19
YANNERI RIDGE 10BB215 7297595.99 771898.25 621.57 2 15 13 12.97 6m@ 17.71
YANNERI RIDGE 10BB216 7297497.80 771902.92 621.06 3
17
4
29
1
12
9.77
8.74
YANNERI RIDGE 10BB221 7297893.56 772090.56 619.96 4
11
5
26
1
15
10.76 4m@ 12.42
10.18
YANNERI RIDGE 10BB222 7297802.61 772099.81 621.48 8 25 17 10.65 1m@ 16.23
YANNERI RIDGE 10BB223 7297701.81 772099.07 623.46 3 26 23 11.39 3m@ 15.8
YANNERI RIDGE 10BB224 7297594.83 772098.40 624.80 2 15 13 13.29 8m@ 15.09
YANNERI RIDGE 10BB225 7297511.70 772101.63 624.42 10 14 4 12.02
YANNERI RIDGE 10BB227 7298200.79 772296.78 620.83 19 20 1 11.31
YANNERI RIDGE 10BB229 7298007.46 772302.48 622.00 12
26
13
27
1
1
10.94
13.45
YANNERI RIDGE 10BB230 7297472.49 772303.65 620.64 0 1 1 16.76
YANNERI RIDGE 10BB232 7298001.09 772501.61 625.10 16
26
17
30
1
4
11.03
9.37
YANNERI RIDGE 10BB237 7298099.51 772799.13 624.47 25 28 3 8.95
YANNERI RIDGE 10BB238 7297603.86 772801.86 626.25 4 12 8 9.33
YANNERI RIDGE 10BB239 7297505.97 772809.08 621.16 0 2 2 9.70
YANNERI RIDGE 10BB243 7298100.07 773098.84 628.43 22 27 5 9.03
YANNERI RIDGE 10BB244 7297999.02 773098.60 628.64 8 22 14 9.52 3m@ 12.27
YANNERI RIDGE 10BB245 7297905.36 773099.98 628.40 8 26 18 11.25 9m@ 13.23
YANNERI RIDGE 10BB246 7297797.66 773117.28 627.99 6 12 6 9.89 3m@ 10.99
YANNERI RIDGE 10BB254 7298099.88 773500.93 630.91 12 26 14 8.34 4m@ 10.15
YANNERI RIDGE 10BB255 7298003.58 773500.69 632.79 6 26 20 10.14 8m@ 12.6
YANNERI RIDGE 10BB256 7297901.63 773498.30 634.91 9 26 17 12.25 4m@ 16.24
YANNERI RIDGE 10BB257 7297800.29 773500.17 634.36 0
4
1
13
1
9
15.65 4m@ 14.21
11.18
YANNERI RIDGE 10BB258 7297700.67 773501.11 626.94 10 11 1 8.62
YANNERI RIDGE 10BB260 7298498.70 773697.12 627.01 18 19 1 8.36
YANNERI RIDGE 10BB263 7298201.32 773698.35 630.59 9 12 3 12.87
18 27 9 8.91 2m@ 13.05
PROSPECT HOLE ID NORTHING EASTING RL FROM TO Interval Ave. Mn(%) Including
YANNERI RIDGE 10BB264 7298101.48 773698.02 632.06 10
20
17
25
7
5
11.65 3m @ 15.89
10.37
YANNERI RIDGE 10BB265 7297997.00 773701.21 633.67 7 27 20 12.09 9m@ 14.21
YANNERI RIDGE 10BB266 7297895.65 773703.29 635.60 0
6
1
22
1
16
11.33 4m@ 14.26
11.82
YANNERI RIDGE 10BB267 7297801.31 773702.86 633.88 2 11 9 11.52 3m@ 16.90
YANNERI RIDGE 10BB268 7297703.65 773697.28 627.70 6 8 2 8.93
YANNERI RIDGE
YANNERI RIDGE
10BB272
10BB272
7298300.55 773899.90 629.99 12
25
14
30
2
5
8.92
10.64
YANNERI RIDGE 10BB273 7298201.79 773898.93 631.78 13 28 15 10.14 2m@ 13.89
YANNERI RIDGE 10BB274 7298099.57 773899.65 633.45 10 28 18 10.35 6m@ 14.77
YANNERI RIDGE 10BB275 7297997.26 773901.72 635.42 5 29 24 12.44 5m@ 15.02
YANNERI RIDGE 10BB276 7297902.16 773901.48 637.32 6 21 15 12.82 7m@ 14.30
YANNERI RIDGE
YANNERI RIDGE
10BB277
10BB277
7297803.50 773902.06 635.95 2
23
15
26
13
3
13.07 4m @ 16.32
8.54
YANNERI RIDGE 10BB278 7297696.29 773898.06 630.28 8
25
12
26
4
1
9.43
8.49
YANNERI RIDGE 10BB279 7297604.12 773902.17 626.74 4
10
15
5
11
17
1
1
2
11.89
9.35
9.50
YANNERI RIDGE 10BB280 7298503.33 774097.07 624.08 7 8 1 10.04
YANNERI RIDGE 10BB281 7298396.44 774100.50 625.09 3
23
4
24
1
1
8.17
13.14
YANNERI RIDGE 10BB282 7298300.79 774100.33 626.26 13 22 9 9.72
YANNERI RIDGE 10BB283 7298203.69 774101.47 627.24 5 20 15 8.92 2m@ 13.24
YANNERI RIDGE 10BB284 7298097.47 774101.86 628.69 4 23 19 11.72 2m@ 15.35
YANNERI RIDGE 10BB285 7297602.89 774097.90 626.76 7
10
8
14
1
4
10.15
8.24
YANNERI RIDGE 10BB287 7298500.67 774295.50 623.00 4 19 15 11.15 5m@ 13.70
YANNERI RIDGE 10BB288 7298390.97 774307.84 623.80 8 17 9 8.31
YANNERI RIDGE 10BB289 7298300.01 774294.80 625.27 4 16 12 10.33 2m@ 13.32
YANNERI RIDGE 10BB290 7298191.34 774301.04 627.59 4 22 18 10.69 6m@ 13.62
YANNERI RIDGE 10BB291 7298098.70 774300.58 630.00 3 21 18 13.74 4m@ 17.30
YANNERI RIDGE 10BB292 7298002.75 774301.36 632.17 3 19 16 14.39 6m@ 16.43
YANNERI RIDGE 10BB293 7297904.41 774283.70 634.90 3 16 13 14.85 6m@ 17.12
PROSPECT HOLE ID NORTHING EASTING RL FROM TO Interval Ave. Mn(%) Including
YANNERI RIDGE 10BB294 7297796.74 774302.24 640.21 4 15 11 13.50
YANNERI RIDGE 10BB295 7297733.49 774293.26 640.42 1
6
16
3
9
19
2
3
3
12.13
10.29
8.41
YANNERI RIDGE 10BB296 7297595.69 774301.67 626.93 5
12
7
13
2
1
8.68
11.33
YANNERI RIDGE 10BB297 7297502.88 774304.10 624.28 9 11 2 11.04
YANNERI RIDGE 10BB298 7298501.83 774503.35 621.56 7
13
9
22
2
9
12.91 3m@ 12.12
9.38
YANNERI RIDGE 10BB299 7298399.70 774503.04 622.61 5 19 14 9.58 2m@ 12.85
YANNERI RIDGE 10BB300 7298294.37 774505.17 623.22 0
7
1
14
1
7
13.85 3m@ 12.22
9.65
YANNERI RIDGE 10BB301 7298200.83 774499.93 624.80 0 17 17 10.04 5m@ 11.81
YANNERI RIDGE 10BB302 7298101.45 774502.49 625.53 3 20 17 10.94 2m@ 16.80
YANNERI RIDGE 10BB303 7297994.77 774502.32 625.85 2 20 18 11.78 5m@ 15.19
YANNERI RIDGE 10BB304 7298501.87 774703.65 619.38 16 20 4 11.15
YANNERI RIDGE 10BB305 7298387.57 774686.79 620.38 1 16 15 10.79
YANNERI RIDGE 10BB306 7298299.84 774701.11 620.63 14 16 2 15.64
YANNERI RIDGE 10BB307 7298195.28 774698.99 621.78 15 20 5 11.82 3m@ 13.14
YANNERI RIDGE 10BB308 7298102.38 774700.94 622.53 0 17 17 13.24 3m@ 16.03
YANNERI RIDGE 10BB309 7298003.06 774700.70 623.75 2 16 14 12.62 6m@ 15.20
YANNERI RIDGE 10BB310 7297901.74 774700.86 624.85 0 11 11 13.44 4m@ 16.09
YANNERI RIDGE 10BB311 7297801.76 774701.36 624.82 1 14 13 13.65 7m@ 16.40
YANNERI RIDGE 10BB312 7297701.41 774701.12 627.02 1 14 13 12.07 2m@ 16.00
YANNERI RIDGE 10BB313 7297606.03 774704.19 623.96 0
3
7
1
4
10
1
1
3
17.53
11.83
8.99
YANNERI RIDGE 10BB317 7298297.50 774898.00 618.59 7
10
13
8
11
16
1
1
3
14.57
10.16
9.01
YANNERI RIDGE 10BB318 7298189.36 774906.14 619.63 5 11 6 8.97
YANNERI RIDGE 10BB319 7298095.60 774900.11 619.08 0 10 10 9.43 5m@ 10.48
YANNERI RIDGE 10BB320 7297998.38 774898.35 621.02 0 18 18 12.18 3m@ 15.47
YANNERI RIDGE 10BB324 7298302.15 775096.17 616.62 15 16 1 9.54
YANNERI RIDGE 10BB325 7298199.31 775100.88 616.89 8 11 3 8.31
PROSPECT HOLE ID NORTHING EASTING RL FROM TO Interval Ave. Mn(%) Including
YANNERI RIDGE 10BB326 7298097.05 775099.24 617.28 7 15 8 10.86 3m@ 12.80
YANNERI RIDGE 10BB327 7297995.63 775093.91 618.04 0 1 1 10.15
YANNERI RIDGE 10BB328 7297902.03 775104.94 618.17 0
6
1
18
1
12
11.88 4m@ 11.85
9.26
YANNERI RIDGE 10BB329 7297797.77 775105.28 617.74 0 17 17 12.75 6m@ 14.86
YANNERI RIDGE 10BB332 7298497.72 775299.70 614.52 24 25 1 12.15
YANNERI RIDGE 10BB334 7298300.47 775303.23 614.91 14 15 1 11.45
YANNERI RIDGE 10BB338 7297898.72 775300.78 615.18 0
9
1
12
1
3
13.73
8.78
YANNERI RIDGE 10BB339 7297799.57 775300.75 614.98 1 21 20 13.37 8m@ 17.06
YANNERI RIDGE 10BB340 7297701.92 775294.74 614.70 0 12 12 12.74 2m@ 16.42
YANNERI RIDGE 10BB342 7297912.95 773250.87 631.57 10 28 18 11.38 2m@ 18.12
YANNERI RIDGE 10BB343 7297915.46 773217.48 631.03 8 28 20 11.80 6m@ 14.09
YANNERI RIDGE 10BB344 7297920.16 773182.65 630.35 11 27 16 11.26 2m@ 15.60
YANNERI RIDGE 10BB345 7297917.76 773151.51 629.68 7
24
22
28
15
4
11.30 4m @ 13.80
10.87
YANNERI RIDGE 10BB347 7297999.28 775699.49 611.83 8 10 2 9.29
YANNERI RIDGE 10BB348 7297900.87 775702.56 611.50 9 11 2 11.73
YANNERI RIDGE 10BB349 7297805.24 775701.20 611.40 0 10 10 12.75 2m@ 18.72
YANNERI RIDGE 10BB350 7297703.80 775701.98 611.16 2 5 3 11.38
YANNERI RIDGE 10BB358 7297902.05 776102.51 610.30 4 7 3 8.66

Table 1: RC Drilling results form the Yanneri Ridge Prosect within the Butcherbird Project area. Composite results shown from geologically constrained zones and a bottom cut of approximately 8% manganese. Assays were completed on 1m splits by Nagrom Laboratories using Fused Bead XRF analysis.