Element 25 sees 2020 as transformational as it works to bring Butcherbird Manganese Project into production

Element 25 Ltd (ASX:E25) (FRA:QFP) sees 2020 as a transformational year despite the difficult circumstances, with progress made and more work planned for the Butcherbird Manganese Project in Western Australia.

The progress achieved in difficult circumstances is reflected in the company's share price, market capitalisation and positive profile.

Today market cap is approximately $90.6 million with shares trading at 74 cents, up from 20 cents at the market close on May 14 with a new record of 77 cents reached on Monday, September 21.

Chairman Seamus Cornelius said: "There is more work to be done in order to bring the Butcherbird project into production on budget, on time and safely."

He said the company's managing director Justin Brown and his team were "focused on continuing to deliver superior outcomes for shareholders and the wider stakeholder community while maintaining the highest standards for safety, environmental, stewardship and governance."