Demo plant modules en route to Europe

Investment Memo: EMN 2022

Objective: Construction of the Demonstration Plant

Our European battery metals Investment Euro Manganese (ASX: EMN) today confirmed that the second and final shipment of its demo plant modules had been completed out of China.

EMN confirmed that the delivery of the modules is expected in June/July of this year with assembly on site at its manganese project to commence as soon as the items arrive.

EMN also confirmed that commissioning is still on schedule for ~September and that the first delivery of samples to customers is expected in Q4 2022.

When we launched our 2022 EMN Investment Memo, we had initially expected that the demo plant would be up and running during Q2 of this year. We suspect that the lockdowns in China and all of the impacts the Russia/Ukraine conflict has had on logistics have contributed to the delays.