Manganese X Energy Corp. Updates Battery Hill Manganese Project Mineral Resource Estimate, Posts NI 43-101 Technical Report on SEDAR
Manganese X Energy Corp. Updates Battery
Hill Manganese Project Mineral Resource
Estimate, Posts NI 43-101 Technical Report on
SEDAR
Montreal, Quebec--(Newsfile Corp. - September 9, 2021) -
Manganese X Energy Corp. (TSXV: MN)
(FSE: 9SC2) (OTCQB: MNXXF) ("Manganese X", "MN"
or the
"Company")
is pleased to announce
that Mercator Geological Services Limited ("Mercator"), on August 20
th
2021, has posted a complete
Mineral Resource Estimate ("MRE") for the Battery Hill Manganese project (the "Project") on
www.sedar.com
. This detailed, 133-page Technical Report summarizes all exploration work on the
property including historical and recent diamond drilling by Manganese X, that forms the basis of the
MRE and makes recommendations for further exploration and development work on the Project.
Manganese X retained Mercator to complete the MRE for the Project located in New Brunswick,
Canada to document the resource in accordance with the CIM Definition Standards for Mineral
Resources and Reserves and National Instrument 43-101 ("NI 43-101"). The purpose of this Technical
Report is to provide technical disclosure in support of the Company's first MRE for the Battery Hill
Project.
The Battery Hill Project includes Mineral Claim 5816, which consists of 55 mineral claim units (1,228
hectares) located near Woodstock, New Brunswick, and Mineral Claim 5745, consisting of 8 mineral
claim units (179 hectares) located 10 km to the southwest. Both titles are 100% owned by Manganese
X.
Perry Mackinnon VP of Exploration comments, "The completion of the Technical Report and Mineral
Resource Estimate for our Battery Hill property confirming a significant Mineral Resource is a major step
in the development of this deposit and is highly supportive of our confidence in this project. The MRE will
serve well as a key component of our Preliminary Economic Assessment, and we look forward to the
completion of that next important step."
Within the Technical Report, Mercator recommends preparation of a Pre-Feasibility Study for the Battery
Hill project upon receipt of a positive economic evaluation from the Preliminary Economic Assessment
("PEA") currently in progress.
Highlights:
Battery Hill project mineral resource estimate consists of
34.86 million tonnes of Measured and
Indicated mineral resources grading 6.42% Mn, plus an additional 25.91 million tonnes of
Inferred mineral resources grading 6.66% Mn
utilizing a 2.5% Mn cut-off grade that reflects
total operating costs having "reasonable prospects for economic extraction."
Sensitivity analysis of the Battery Hill deposit to cut-off grade indicates
12.25 million tonnes of
Measured and Indicated mineral resources at 8.77% Mn and 10.61 million tonnes of
Inferred mineral resources grading 9.05% Mn
utilizing a cut-off grade of 7% Mn.
The PEA will evaluate the economic and commercial viability of the Project to produce
premium
ultrahigh-purity battery-grade manganese
products for the burgeoning North American electric
vehicle and energy storage sectors.
Project economics will be maximized by optimizing production schedules and starter pit
outlines towards higher grade material such as indicated above.
The very large mineral resource base underlines the Project's potential to sustain
long term
production.
Martin Kepman, MN's CEO said "We are all extremely encouraged by this important step towards our
Battery Hill Project becoming a unique North American supplier to these vital industries."
This News Release has been reviewed and approved by Perry MacKinnon, P.Geo, Vice President of
Exploration with Manganese X Energy and a "Qualified Person" as defined under National Instrument
43-101 Standards of Disclosure for Mineral Projects.
Link to the complete Technical Report Filed on our website
www.manganesexenergycorp.com
https://www.manganesexenergycorp.com/wp-content/uploads/2021/08/MNX-43-101-Battery-Hill-Aug-
2021.pdf
About Manganese X Energy Corp.
Manganese X's mission is to advance its Battery Hill project into production, with the intent of
supplying value-added materials to the lithium-ion battery and other alternative energy industries. The
Company is also striving to achieve new environment-friendly more efficient methodologies, while
processing manganese at a lower competitive cost. The company is the only manganese company in
Canada and the USA moving rapidly toward commercialization of a manganese deposit.
Subsidiary Disruptive Battery Corp.'s mission is to develop an HVAC (heating, ventilation and air
conditioning) air purification delivery system for cleaner and healthier air, aiming to mitigate COVID-
19 and other contaminants on surfaces and in the air. For more information visit the website at
www.manganesexenergycorp.com
.
On behalf of the Board of Directors of
MANGANESE X ENERGY CORP.
Martin Kepman
CEO and Director
Email:
Tel: 1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains "forward-looking information" including statements with respect to the
future exploration performance of the Company. This forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future results, performance or
achievements of the Company, expressed or implied by such forward-looking statements. These
risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are
encouraged to review prior to any transaction involving the securities of the Company. Forward-
looking information contained herein is provided as of the date of this news release and the Company
disclaims any obligation, other than as required by law, to update any forward-looking information for
any reason. There can be no assurance that forward-looking information will prove to be accurate, and
the reader is cautioned not to place undue reliance on such forward-looking information. We seek safe
harbour.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/95950