As Euro Manganese (TSXV: EMN) advances feasibility studies at its wholly owned Chvaletice manganese project about 90 km east of Prague in the Czech Republic, it has also been lining up potential customers for planned output from its demonstration plant, which is projected to come online in late 2020.
So far, the company has queued up five prospective customers for about 55% of the planned demonstration plant capacity, and management hopes these early-stage customers will ultimately become long-term buyers from full-scale production down the road.
Euro Manganese is looking to develop a high-purity manganese production facility to reprocess tailings material from historic mining operations at Chvaletice that ran from the early 1900s through to 1975.
Since first looking at the project in 2015, Euro Manganese has undertaken studies on the size of the resource and its extraction potential (running a pilot-scale test operation). In early 2019, the company announced the results of a preliminary economic assessment (PEA) for the project that showed an after-tax net present value of US$593 million using a 10% discount rate.
Continue reading at The Northern Miner.