Butcherbird Project Mineral Resource Estimate Upgrade

Butcherbird Manganese Project Measured and Indicated Resources increased 142% to 130,000,000

tonnes at 10.23% Mn following the recent infill drilling program

• Total Mineral Resource Estimate increased by 6% to 274,000,000 tonnes @ 10% Mn.

• Measured and Indicated classifications now represent approximately 47% of the global Mineral Resource.

• Mine pit optimisation and scheduling in progress to support an updated Ore Reserve Statement.

Element 25 Limited (E25) (ASX: E25; OTCQX: ELMTF) is pleased to announce an updated Mineral Resource Estimate (MRE) for its 100%-owned Butcherbird Manganese Project (Butcherbird, the Project) in WAʼs Pilbara region. The updated MRE has delivered a 142% increase to the Measured and Indicated resource categories.

The work program has achieved the expected result, supporting a 142% increase to the (mining depleted) 2019 Measured and Indicated Resource base within the target mining area for Butcherbirdʼs planned Stage 2 Expansion operations. The updated MRE will support re-statement of the Butcherbird Ore Reserve, pending mine optimisation and scheduling activities which are currently in progress, aiming to extend the current mine life.