# Euro Manganese Announces Positive Preliminary Economic Assessment Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15 Original source: https://money.tmx.com/en/quote/EMN/news/6465746299810648/euro-manganese-announces-positive-preliminary-economic-assessment Publisher: tmx Original announcement: 2026-05-14T04:01:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Euro Manganese Inc. - Ticker: EMN - Exchange: TSX - Region: Czech Republic - Primary commodity: Manganese - Secondary commodities: Magnesium - Document categories: Resource update, Economic study, Metallurgy - Extracted: 2026-09-19 19:33:47 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Euro Manganese announced positive Preliminary Economic Assessment \(PEA\) results for its Chvaletice Manganese Project in the Czech Republic, showing a post-tax NPV of $492.1 million and an IRR of 13.8% at an 8% discount rate. The PEA incorporates improved metallurgical recoveries of 60% for high-purity manganese sulphate monohydrate \(HPMSM\) and an updated Measured and Indicated resource of 26.96 million tonnes at 7.33% total manganese. The project benefits from significant permitting progress and a phased development strategy to reduce upfront capital and funding risk. Reasoning: Euro Manganese announced positive PEA results for its Chvaletice Manganese Project, demonstrating robust economics with a post-tax NPV of $492.1M and an IRR of 13.8%. The study incorporates improved metallurgical recoveries \(60% for HPMSM\) and an updated Measured and Indicated resource of 26.96 Mt at 7.33% total Mn. The project benefits from significant permitting progress and strategic designation, reducing development risk. A phased development approach and the inclusion of a magnesium carbonate by-product further enhance project value. However, the PEA is a preliminary study, and the payback period is relatively long. The resource estimate relies on older data, and securing all land rights remains an outstanding item. - Positive factor: Positive PEA results with robust economics \(post-tax NPV $492.1M, IRR 13.8%\) for a critical battery material project. - Positive factor: High overall manganese recovery of 60% to HPMSM, reflecting improved metallurgical understanding. - Positive factor: Updated resource estimate with 26.96 Mt Measured and Indicated at 7.33% total Mn, providing a strong foundation for the project. - Positive factor: Project has secured most permits, including a positive ESIA and designation as a Strategic Project under EU Critical Raw Materials Act, significantly de-risking development. - Positive factor: Phased development strategy reduces upfront capital requirements and funding risk. - Positive factor: Addition of magnesium carbonate as a by-product adds incremental value. - Negative factor: The PEA is a preliminary study \(AACE Class 4\) and does not have the same level of certainty as a PFS or DFS. - Negative factor: Payback period of 7.3 years \(post-tax\) is at the weaker end of the scale. - Negative factor: The resource estimate is based on older drilling data, with no new drilling or data collection since 2018. - Negative factor: The company is still working to secure remaining land surface rights, which is a potential development risk. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 31 ## Classification and evidence **PEA Only** Polarity: neutral Definition: Only Class 4 / Initial Assessment economics available. Not bankable. Why it applies: The document explicitly states it is a Preliminary Economic Assessment \(PEA\) report. Evidence · text > Euro Manganese Announces Positive Preliminary Economic Assessment **High IRR** Polarity: positive Definition: Post-tax real unlevered IRR in the strong tier or better. Why it applies: The post-tax IRR of 13.8% is within the moderate tier for economic studies. Evidence · table > 13.8% Context: Internal Rate of Return **Slow Payback** Polarity: negative Definition: Payback in the weak tier or worse. Why it applies: The post-tax payback period of 7.3 years is above the weak tier threshold of 7 years. Evidence · table > 7.3 Years Context: Payback \(from start of processing\) **Conservative Pricing** Polarity: positive Definition: Conservative on the worst of the spot, 3-year and consensus comparisons. Why it applies: The PEA uses historically conservative pricing assumptions and forecast real prices in 2025 dollars. Evidence · text > underpinned by a pre-tax NPV of $740M and post-tax NPV of $492M \(8% discount rate\), showing favorable preliminary economic indicators on historically conservative pricing assumptions. **Fully Permitted** Polarity: positive Definition: Key permits granted with no unresolved challenge. Why it applies: The project has secured most permits, including a positive ESIA and a Mining Lease Permit, indicating significant progress in permitting. Evidence · text > With most permits secured, a finalized Environmental Impact Assessment \("ESIA"\), and official designation as a Strategic Deposit under Czech law and a Strategic Project under the EU Critical Raw Materials Act, Euro Manganese is ready to respond to customers seeking a fully traceable battery-grade manganese supply chain **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document includes an updated Mineral Resource Statement with an effective date of April 27, 2026. Evidence · text > The Project's combined Measured and Indicated Resources now amount to 26,960,000 tonnes, grading 7.33% total manganese \(tMn\) and 5.86% soluble manganese \(sMn\), as detailed in Table 6 below. **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The resource statement includes a Measured category for manganese and magnesium. Evidence · table > MEASURED Context: Classification **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource statement includes an Indicated category for manganese and magnesium. Evidence · table > INDICATED Context: Classification **All Inferred** Polarity: negative Definition: M&I share below the weak bound — very early stage, no engineering confidence. Why it applies: No blocks were classified as Inferred Resources, indicating a higher confidence in the resource. Evidence · text > No blocks were classified as Inferred Resources. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The news release states that the scientific and technical information is based upon information prepared, verified, and approved by several Qualified Persons and Competent Persons from Tetra Tech. Evidence · text > Additionally, the scientific and technical information included in this news release, is based upon information prepared, verified, and approved by Mr. James Barr, P. Geo, Senior Geologist, Mr. Jianhui \(John\) Huang, Ph.D., P. Eng., Senior Metallurgical Engineer, Mr. Hassan Ghaffari, P.Eng, M.A.Sc., Senior Process Engineer, Mr. Chris Johns, P.Eng, Senior Geotechnical Engineer, and Mrs. Maurie Marks, P.Eng, Senior Mining Engineer, all with Tetra Tech. **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The resource estimate and technical report are prepared in accordance with the JORC Code. Evidence · text > The 43-101 Technical Report, entitled "Technical Report and Mineral Resource Estimate for the Chvaletice Manganese Project, Chvaletice, Czech Republic", with an effective date of December 8, 2018 \("the Mineral Resource Estimate"\), was filed on SEDAR on January 28, 2019. The corresponding JORC Code technical report with an effective date of December 8, 2018, was lodged on the ASX on February 6, 2019. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate and technical report are prepared in accordance with NI 43-101. Evidence · text > The 43-101 Technical Report, entitled "Technical Report and Mineral Resource Estimate for the Chvaletice Manganese Project, Chvaletice, Czech Republic", with an effective date of December 8, 2018 \("the Mineral Resource Estimate"\), was filed on SEDAR on January 28, 2019. The corresponding JORC Code technical report with an effective date of December 8, 2018, was lodged on the ASX on February 6, 2019. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A break-even grade of 3.78% total Mn has been estimated for the Chvaletice deposit. Evidence · text > A break-even grade of 3.78% total Mn has been estimated for the Chvaletice deposit. **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Overall Mn in HPMSM recovery of 60.0% is strong for a manganese project. Evidence · table > 60.0% Context: Overall Mn in HPMSM recovery **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: The company declared successful completion of demonstration plant continuous operation program. Evidence · text > On October 16, 2024, Euro Manganese declared successful completion of demonstration plant continuous operation program. **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Metallurgical test programs assessed variability across 25 composite samples representing different variation characters, including spatial location, grade variation and particle size variations. Evidence · text > The 2017-2021 metallurgical test programs by CRIMM, BGRIMM and other laboratories have widely assessed the variability of the various plant mill feed samples, including a total of 25 composite samples representing different variation characters, covering spatial location, grade variation and particle size variations. **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: Magnesium carbonate is produced as a raw product in the processing of HPMSM and is presented as a by-product. Evidence · text > Newly incorporated magnesium carbonate \("MgCO 3 "\) resource as a by-product enables production of up to 20,000 tpa MgCO 3 , adding incremental value with minimal capital. **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) ## Extracted facts Stored fact records: 30. Some facts used in scoring do not have a stored record. ## Resource Estimates (27) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-1) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:918cc2b3968fd3592b4e - Deposit or zone: Tailings Cell \#1 #### Resource Data - Category: measured - Tonnes: 10029000 - Grade: 7.95 - Grade Unit: % - Contained Metal: 797.3 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for Tailings Cell \#1 provides a high-confidence estimate of manganese, supporting the project's viability. While the effective date is updated, the underlying drilling data is from 2018, which slightly reduces novelty. - Positive factor: High-confidence Measured resource category. - Positive factor: Significant tonnage and grade for manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-2) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:918cc2b3968fd3592b4e - Deposit or zone: Tailings Cell \#1 #### Resource Data - Category: measured - Tonnes: 10029000 - Grade: 6.49 - Grade Unit: % - Contained Metal: 650.9 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for Tailings Cell \#1 provides a high-confidence estimate of soluble manganese, which is crucial for processing. The underlying drilling data is from 2018, slightly reducing novelty. - Positive factor: High-confidence Measured resource category for soluble manganese. - Positive factor: Significant tonnage and grade. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-3) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:918cc2b3968fd3592b4e - Deposit or zone: Tailings Cell \#1 #### Resource Data - Category: measured - Tonnes: 10029000 - Grade: 0.95 - Grade Unit: % - Contained Metal: 95.3 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for magnesium in Tailings Cell \#1 adds value as a by-product. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: High-confidence Measured resource category. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-4) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:39a87c7fe6589f0050fa - Deposit or zone: Tailings Cell \#1 #### Resource Data - Category: indicated - Tonnes: 236000 - Grade: 8.35 - Grade Unit: % - Contained Metal: 19.7 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for Tailings Cell \#1 adds to the overall manganese inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Good grade for manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-5) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:39a87c7fe6589f0050fa - Deposit or zone: Tailings Cell \#1 #### Resource Data - Category: indicated - Tonnes: 236000 - Grade: 6.67 - Grade Unit: % - Contained Metal: 15.7 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for soluble manganese in Tailings Cell \#1 contributes to the overall inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category for soluble manganese provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-6) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:39a87c7fe6589f0050fa - Deposit or zone: Tailings Cell \#1 #### Resource Data - Category: indicated - Tonnes: 236000 - Grade: 1.09 - Grade Unit: % - Contained Metal: 2.6 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for magnesium in Tailings Cell \#1 adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-7) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:d081d5a2f35765bc3dc8 - Deposit or zone: Tailings Cell \#2 #### Resource Data - Category: measured - Tonnes: 12201000 - Grade: 6.79 - Grade Unit: % - Contained Metal: 828.5 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for Tailings Cell \#2 provides a high-confidence estimate of manganese, supporting the project's viability. While the effective date is updated, the underlying drilling data is from 2018, which slightly reduces novelty. - Positive factor: High-confidence Measured resource category. - Positive factor: Significant tonnage and grade for manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-8) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:d081d5a2f35765bc3dc8 - Deposit or zone: Tailings Cell \#2 #### Resource Data - Category: measured - Tonnes: 12201000 - Grade: 5.42 - Grade Unit: % - Contained Metal: 661.3 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for soluble manganese in Tailings Cell \#2 provides a high-confidence estimate, crucial for processing. The underlying drilling data is from 2018, slightly reducing novelty. - Positive factor: High-confidence Measured resource category for soluble manganese. - Positive factor: Significant tonnage and grade. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-9) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:d081d5a2f35765bc3dc8 - Deposit or zone: Tailings Cell \#2 #### Resource Data - Category: measured - Tonnes: 12201000 - Grade: 1.11 - Grade Unit: % - Contained Metal: 135.4 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for magnesium in Tailings Cell \#2 adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: High-confidence Measured resource category. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-10) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:c0f0f4ae0d51f7360c9e - Deposit or zone: Tailings Cell \#2 #### Resource Data - Category: indicated - Tonnes: 189000 - Grade: 7.22 - Grade Unit: % - Contained Metal: 13.6 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for Tailings Cell \#2 adds to the overall manganese inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Good grade for manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-11) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:c0f0f4ae0d51f7360c9e - Deposit or zone: Tailings Cell \#2 #### Resource Data - Category: indicated - Tonnes: 189000 - Grade: 5.3 - Grade Unit: % - Contained Metal: 10 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for soluble manganese in Tailings Cell \#2 contributes to the overall inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category for soluble manganese provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-12) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:c0f0f4ae0d51f7360c9e - Deposit or zone: Tailings Cell \#2 #### Resource Data - Category: indicated - Tonnes: 189000 - Grade: 1.27 - Grade Unit: % - Contained Metal: 2.4 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for magnesium in Tailings Cell \#2 adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-13) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:6589b53aa70cb69be9a4 - Deposit or zone: Tailings Cell \#3 #### Resource Data - Category: measured - Tonnes: 4265000 - Grade: 7.35 - Grade Unit: % - Contained Metal: 313.5 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for Tailings Cell \#3 provides a high-confidence estimate of manganese, supporting the project's viability. While the effective date is updated, the underlying drilling data is from 2018, which slightly reduces novelty. - Positive factor: High-confidence Measured resource category. - Positive factor: Significant tonnage and grade for manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-14) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:6589b53aa70cb69be9a4 - Deposit or zone: Tailings Cell \#3 #### Resource Data - Category: measured - Tonnes: 4265000 - Grade: 5.63 - Grade Unit: % - Contained Metal: 240.1 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for soluble manganese in Tailings Cell \#3 provides a high-confidence estimate, crucial for processing. The underlying drilling data is from 2018, slightly reducing novelty. - Positive factor: High-confidence Measured resource category for soluble manganese. - Positive factor: Significant tonnage and grade. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-15) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:6589b53aa70cb69be9a4 - Deposit or zone: Tailings Cell \#3 #### Resource Data - Category: measured - Tonnes: 4265000 - Grade: 0.96 - Grade Unit: % - Contained Metal: 41 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Measured resource for magnesium in Tailings Cell \#3 adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: High-confidence Measured resource category. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-16) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:7965e7d2f0d74ce5c4cd - Deposit or zone: Tailings Cell \#3 #### Resource Data - Category: indicated - Tonnes: 39000 - Grade: 7.9 - Grade Unit: % - Contained Metal: 3.1 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for Tailings Cell \#3 adds to the overall manganese inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Good grade for manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-17) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:7965e7d2f0d74ce5c4cd - Deposit or zone: Tailings Cell \#3 #### Resource Data - Category: indicated - Tonnes: 39000 - Grade: 5.89 - Grade Unit: % - Contained Metal: 2.3 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for soluble manganese in Tailings Cell \#3 contributes to the overall inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category for soluble manganese provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-18) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:7965e7d2f0d74ce5c4cd - Deposit or zone: Tailings Cell \#3 #### Resource Data - Category: indicated - Tonnes: 39000 - Grade: 0.95 - Grade Unit: % - Contained Metal: 0.4 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: This Indicated resource for magnesium in Tailings Cell \#3 adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-19) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:eb3a8f3854b0984d9e4f - Deposit or zone: TOTAL #### Resource Data - Category: measured - Tonnes: 26496000 - Grade: 7.32 - Grade Unit: % - Contained Metal: 1939.9 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The total Measured resource provides a high-confidence estimate for the project's primary commodity. The effective date is updated, but the underlying data is from 2018, which slightly reduces novelty. - Positive factor: Large tonnage in the Measured resource category. - Positive factor: Good overall manganese grade. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-20) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:eb3a8f3854b0984d9e4f - Deposit or zone: TOTAL #### Resource Data - Category: measured - Tonnes: 26496000 - Grade: 5.86 - Grade Unit: % - Contained Metal: 1552.9 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The total Measured resource provides a high-confidence estimate for soluble manganese, crucial for processing. The effective date is updated, but the underlying data is from 2018, which slightly reduces novelty. - Positive factor: Large tonnage in the Measured resource category for soluble manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-21) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:eb3a8f3854b0984d9e4f - Deposit or zone: TOTAL #### Resource Data - Category: measured - Tonnes: 26496000 - Grade: 1.02 - Grade Unit: % - Contained Metal: 270.3 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The total Measured resource for magnesium adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: High-confidence Measured resource category. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-22) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:62ed25302c47f0b24561 - Deposit or zone: TOTAL #### Resource Data - Category: indicated - Tonnes: 464000 - Grade: 7.85 - Grade Unit: % - Contained Metal: 36.4 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The total Indicated resource adds to the overall manganese inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Good grade for manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-23) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:62ed25302c47f0b24561 - Deposit or zone: TOTAL #### Resource Data - Category: indicated - Tonnes: 464000 - Grade: 6.05 - Grade Unit: % - Contained Metal: 28.1 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The total Indicated resource for soluble manganese contributes to the overall inventory with reasonable confidence, though based on older data. - Positive factor: Indicated resource category for soluble manganese provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-24) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:62ed25302c47f0b24561 - Deposit or zone: TOTAL #### Resource Data - Category: indicated - Tonnes: 464000 - Grade: 1.15 - Grade Unit: % - Contained Metal: 5.3 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The total Indicated resource for magnesium adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-25) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:d5a3f587b5f90156485e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 26960000 - Grade: 7.33 - Grade Unit: % - Contained Metal: 1975.5 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The combined Measured and Indicated resource provides a substantial and high-confidence estimate for the project's primary commodity. The effective date is updated, but the underlying data is from 2018, which slightly reduces novelty. - Positive factor: Large combined Measured and Indicated resource tonnage. - Positive factor: Good overall manganese grade. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-26) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:d5a3f587b5f90156485e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 26960000 - Grade: 5.86 - Grade Unit: % - Contained Metal: 1579.6 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The combined Measured and Indicated resource provides a substantial and high-confidence estimate for soluble manganese, crucial for processing. The effective date is updated, but the underlying data is from 2018, which slightly reduces novelty. - Positive factor: Large combined Measured and Indicated resource tonnage for soluble manganese. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-resource-facts-27) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Resource scope - Estimate type: resource - Effective date: 2026-04-27T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Barr, Jianhui \(John\) Huang, Hassan Ghaffari, Chris Johns, Maurie Marks - Resource group id: resource:d5a3f587b5f90156485e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 26960000 - Grade: 1.15 - Grade Unit: % - Contained Metal: 310 - Contained Unit: kt - Cutoff Grade: 3.78 - Cutoff Unit: % total Mn #### Prior Estimate - Resource Date: 2026-04-27 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The combined Measured and Indicated resource for magnesium adds to the by-product potential. The estimate is high-confidence, but based on older drilling data. - Positive factor: Magnesium is identified as a valuable by-product. - Positive factor: Large combined Measured and Indicated resource tonnage. - Positive factor: QP/CP signed and JORC/NI 43-101 compliant. - Negative factor: Resource estimate based on older drilling data \(no new drilling since 2018\). #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (3) ### pilot plant [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-metallurgical-facts-28) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Test Work - Program Status: optimization - Test Type: pilot plant - Processing Route: magnetic separation, leaching, purification, electrowinning, HPEMM dissolution, HPMSM crystallization #### Recovery - Recovery: 61 % - Recovery Basis: actual\_test #### Lab - Laboratory: CRIMM and BGRIMM - Consultant: Tetra Tech #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The 61% recovery of manganese to HPEMM is a strong result, achieved through pilot plant testing and reflecting recent optimization work, indicating high confidence in the process. - Positive factor: High recovery for manganese to HPEMM \(61%\). - Positive factor: Pilot plant scale testing provides high confidence. - Positive factor: Reflects additional metallurgical test work and operational learnings from demonstration plant. - Positive factor: QP/CP signed and independent. #### Tags used in scoring **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### pilot plant [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-metallurgical-facts-29) Chvaletice Manganese Project · manganese #### Identity - Project: Chvaletice Manganese Project - Commodity: manganese - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Test Work - Program Status: optimization - Test Type: pilot plant - Processing Route: magnetic separation, leaching, purification, electrowinning, HPEMM dissolution, HPMSM crystallization #### Recovery - Recovery: 60 % - Recovery Basis: actual\_test #### Lab - Laboratory: CRIMM and BGRIMM - Consultant: Tetra Tech #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The 60% recovery of manganese to HPMSM is a strong result, achieved through pilot plant testing and reflecting recent optimization work, indicating high confidence in the process. - Positive factor: High recovery for manganese to HPMSM \(60%\). - Positive factor: Pilot plant scale testing provides high confidence. - Positive factor: Reflects additional metallurgical test work and operational learnings from demonstration plant. - Positive factor: QP/CP signed and independent. #### Tags used in scoring **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### pilot plant [Link to this fact](https://atlas-extractions.minestarters.com/news/euro-manganese-announces-positive-preliminary-economic-assessment--e711b41e-baa7-4347-b585-108308174e15#fact-metallurgical-facts-30) Chvaletice Manganese Project · magnesium #### Identity - Project: Chvaletice Manganese Project - Commodity: magnesium - Region: czech republic - Reported Region: Czech Republic - Ticker: EMN #### Test Work - Program Status: optimization - Test Type: pilot plant - Processing Route: magnesium removal circuit #### Recovery - Recovery: 46 % - Recovery Basis: actual\_test #### Lab - Laboratory: CRIMM and BGRIMM - Consultant: Tetra Tech #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: The 46% recovery of magnesium to magnesium carbonate adds incremental value as a by-product, supported by pilot plant testing and recent optimization work. - Positive factor: Magnesium carbonate is produced as a valuable by-product. - Positive factor: Pilot plant scale testing provides high confidence. - Positive factor: Reflects additional metallurgical test work and operational learnings from demonstration plant. - Positive factor: QP/CP signed and independent. #### Tags used in scoring **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.