Element 25 to Launch Autonomous Mining Fleet at Western Australian Mine; Shares Fall 3%

MT Newswires Live

Oct 07, 2024

Element 25 (ASX:E25) joined forces with transport firm Scania and mining services firm ReGroup to launch an autonomous mining fleet for the Butcherbird manganese mine in Western Australia, according to a Monday filing with the Australian bourse.

The fleet, comprised of 11 rigid G 560 8x4 tippers, is expected to reduce the project's carbon footprint, enhance safety, and lower operations costs. A fully battery electric vehicle, serving as a water truck, will also be part of the fleet, the filing said.

The parties are currently finalizing the details of the launch, the filing added.

Shares of Element 25 fell 3% in recent trade.

Price (AUD): $0.33, Change: $-0.010, Percent Change: -2.94%

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