Manganese X Energy approaches midway point of 2023 Battery Hill pre-feasibility drilling program

Manganese X Energy Corp. has announced that it is approaching the midway point of the pre-feasibility study in-fill and step-out drilling program at its wholly owned Battery Hill Project located near Woodstock, New Brunswick.

An aggregate of 16 NQ diamond drill holes totaling 2,208 metres have been completed of the planned 4,725 metre, 31-hole program. The goal of the drill program is to in-fill and expand the Measured and Indicated resources in preparation for the pre-feasibility study (“PFS”) by upgrading the Inferred category resource included in the Preliminary Economic Assessment (“PEA”) mine plan.

The Company is methodically fulfilling its mission to become the first publicly traded mining Company in Canada and the US to commercialise high-purity EV compliant manganese.

Martin Kepman, CEO, comments, “We are very pleased with the progress of our Battery Hill pre-feasibility drilling program as the PFS is key to the decision making and forward planning of the mine permitting process. A major part of preparing for the PFS is our current drill program, as well as the environmental, community and geotechnical studies which will commence in the spring.

The North American battery industry is going to require its own supply chain for manganese. The continent, however, has no current high-purity manganese processing capacity to supply a large number of batteries gigafactories and cathode plants currently under development. Manganese is a stabilising component in the cathodes of nickel-manganese-cobalt lithium-ion batteries used in electric vehicles. The material increases energy density and hence improves driving range. At the same time, it decreases the combustibility of an EV battery pack. We are optimistic about the future of the company as we move forward in a cycle of dynamic change.”


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