Canadian firm Euro Manganese has announced that their preliminary economic assessment (PEA) for its manganese tailing project at Chvaletice, Czech Republic, has shown the operation could last for 25 years and produce 1.19-million tonnes of HPEMM (High-Purity Electrolytic Manganese Metal).
Euro Manganese said they aim to produce a saleable total of 404,100 tonnes of HPEMM a 2.35-million tonnes of HPMSM (High-Purity Manganese Sulphate Monohydrate) to be used in electric vehicle batteries, a rapidly emerging industry in Europe.
“The advent of electric vehicle manufacturing is transforming the entire global automobile industry. Revolutionary changes are taking place before our eyes and these have created unprecedented opportunities for an entirely new battery raw materials supply chain,” said the Euro Manganese chairperson, Roman Shklanka.
Euro Manganese
The PEA was based on the recycling of 27-million tonnes measured and indicated tailings resources, combined with 7.33% manganese combined grade averaging, which does not require hard rock crushing, mining or milling.
Using a 10% real discount rate, the PEA also calculated a pre-tax net present value calculation of $782 million. The necessary pre-production capital is estimated at $404 million with a return rate of 25.2%.
“What makes this project even more significant for an automotive industry focused on making our world greener, and for other consumers striving to secure sustainably produced raw materials, is that these products would be produced by recycling waste,” said Euro Manganese president and CEO Marco Romero.
He added that the company’s focus would now be on moving the project forward through optimisation work and front-end engineering, as well as on the efficient progression of the project.
“Planning, process engineering design and metallurgical test work are ongoing, ahead of the upcoming feasibility study, which we target completing by late 2019. Our plan for this year includes building and operating a demonstration plant capable of producing multi-tonne, high-purity manganese product samples for customer testing and qualification. Our 2019 plans also include intensifying community, stakeholder and regulatory consultation, and the filing of project permit application.”
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