With interest rates unlikely to improve from their record lows any time soon, it’s very fortunate that the Australian share market has dividend shares offering investors very generous yields.

Two ASX shares dividend shares with yields above 4% are listed below. Here’s what you need to know about them:

BWP Trust (ASX: BWP)

BWP Trust is the largest owner of Bunnings Warehouse sites in Australia. It currently owns 68 stores, with seven of these properties having adjoining retail showrooms that are leased to other retailers. At the last count, the company’s portfolio was valued at ~$2.5 billion, was generating annual rent of $151.4 million, and enjoyed an occupancy rate of 98%.

Due to the strength of its tenancies, BWP has been able to collect rent largely as normal this year despite the pandemic. This allowed the company’s board to grow its distribution in FY 2020 to 18.3 cents per share.

Based on the current BWP share price, this represents a trailing 4.2% dividend yield. Management has suggested that its distribution is likely to be similar in FY 2021.

Rural Funds Group (ASX: RFF)

Rural Funds is an agriculture-focused property group. At the end of FY 2020, it owned 61 properties across five agricultural sectors. This includes almond properties leased to Select Harvests Limited (ASX: SHV) and wine properties leased to Treasury Wine Estates Ltd (ASX: TWE).

As with BWP, it has been a solid performer during the pandemic. In FY 2020, the company reported an 8% increase in property revenue to $72 million. This allowed the company to increase its distribution yet again.

And pleasingly, thanks to its fixed rental increases, management has been able to provide guidance for another increase in FY 2021. It intends to pay shareholders a distribution of 11.28 cents per share. Based on the current Rural Funds share price, this works out to be a 4.5% yield.

More reading

• 2 defensive ASX dividend shares for income
• 3 ASX dividend shares rated as buys
• These ASX dividend shares offer yields of at least 4%
• Should you take a bite of these tasty ASX shares?
• 2 ASX dividend shares with generous 4%+ yields

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Thursday the S&P/ASX 200 Index (ASX: XJO) was back on form and charged higher. The benchmark index climbed 0.4% higher to 6,590.2 points.

Will the market be able to build on this on Friday? Here are five things to watch:

ASX 200 expected to rise.

The Australian share market looks set to rise on Friday after a positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 11 points or 0.17% higher. In late trade in the United States, the Dow Jones is up 0.4%, the S&P 500 is flat, and the Nasdaq has risen 0.3%.

Oil prices push higher.

Energy producers such as Oil Search Ltd (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) could be on the rise today after oil prices rose again. According to Bloomberg, the WTI crude oil price is up 0.8% to US$45.63 a barrel and the Brent crude oil price has climbed 1% to US$48.72 a barrel. This follows news that OPEC has agreed to increase its production gradually.

Premier Investments AGM.

Smiggle, Peter Alexander, and Just Jeans owner, Premier Investments Limited (ASX: PMV), is holding its annual general meeting today. It was a strong performer in FY 2020 thanks to its online sales growth. Premier Investments reported a 29% increase in net profit after tax to $137.8 million. Investors will no doubt be keen to see whether this momentum has carried over into the new financial year.

Gold price rises again.

Gold miners including Evolution Mining Ltd (ASX: EVN) and Saracen Mineral Holdings Limited (ASX: SAR) could end the week on a high after the gold price pushed higher again. According to CNBC, the spot gold price is up a further 0.7% to US$1,843.50 an ounce. The prospect of the US finally approving a COVID-19 stimulus package has given the gold price a lift.

Afterpay rated neutral.

The Afterpay Ltd (ASX: APT) share price could still climb a touch higher from here according to analysts at Goldman Sachs. This morning the broker responded to its trading update by retaining its neutral rating and lifting its price target to $99.90. This compares to the current Afterpay share price of $96.20. Goldman revealed that Afterpay thoroughly outperformed its expectations in November.

More reading

• ASX 200 rises on Thursday
• Can OPEC deliver more share price gains for Santos (ASX:STO) and Woodside (ASX:WPL)?
• ASX 200 up 0.3%: Fortescue rockets, Afterpay sales explode, Westpac APRA update
• Will the Afterpay (ASX:APT) share price hit new highs?
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Arena REIT (ASX: ARF) share price was a strong performer on Thursday.

The property company’s shares rose a solid 2% to finish the day at $2.87.

Why did the Arena share price push higher?

Investors were buying the company’s shares today after the release of a positive update.

According to the release, Arena is expecting the completion of eight existing Early Learning Centre (ELC) development projects in the first half of FY 2021. These will be at a total cost of $41 million with an average initial yield on all costs of 6.7%. They will also have a weighted average initial lease term of 20 years.

In addition to this, the company has completed the acquisition of seven established ELCs for a total cost of $40.3 million at a net initial yield on all costs of 6.1%. These are all leased to existing Arena tenant partners with a weighted average initial lease term of 27.3 years.

It doesn’t stop there. Arena has also completed the disposal of three ELCs for $7.2 million. This represents a 16.1% premium to prevailing book value.

What else did Arena announce?

Arena is expecting a net revaluation uplift of $37.3 million in its portfolio value at 31 December 2020.

This reflects growth of 4% since 30 June 2020 and is the equivalent to an increase of approximately $0.11 in Arena’s Net Asset Value per security.

Another positive is an increase in the portfolio weighted average lease expiry to 14.7 years. This compares to 14.0 years at 30 June 2020.

But perhaps best of all, management revealed that 100% of rent due to the end of November 2020 has been collected. This will ease any concerns that the pandemic was going to have a lasting impact on rental collections.

Distribution upgrade.

In light of this positive performance, management has upgraded its FY 2021 distribution guidance.

It now expects to reward shareholders with a 14.81 cents per security distribution, which will be an increase of 5.7% on FY 2020.

Based on the current Arena share price, this equates to a generous 5.15% dividend yield.

More reading

• Medical Developments International (ASX:MVP) share price on watch after trading update
• ASX 200 rises on Thursday
• Why the 1300 Smiles (ASX:ONT) share price is smashing record highs
• Why the Elixinol (ASX:EXL) share price popped 43% today
• RBA pushing share prices up, not helping economy: experts

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Medical Developments International Ltd (ASX: MVP) share price will be on watch on Friday following the release of an update after the market close.

What did Medical Developments International announce?

This afternoon Medical Developments International provided an update in relation to its Penthrox European Union (EU) transition activities and current trading conditions.

In respect to the former, the transition arrangements for taking back the distribution rights from Mundipharma in the EU are progressing to plan.

According to the release, progress to date includes the establishment of an EU based legal and corporate structure, contracting of pharmacovigilance and regulatory related service providers, and securing operational infrastructure in-market. The latter includes importation and logistics capability.

In addition, the marketing authorisations previously held by Mundipharma are being transferred concurrently to allow the company to assume control of sales and distribution activities on 1 March 2021.

The company’s CEO, Brent MacGregor, commented: “The opportunity in the EU remains strong and we’re revisiting our execution strategy, assessing and building on the foundation work done by Mundipharma, including determining where we can deploy a direct or hybrid selling model which brings enhanced control and margin. Europe will be the primary focus of MVP over the coming year.”

Trading update.

The first half has been softer for Medical Developments International due to COVID-19 headwinds.

Management notes that following an early COVID pandemic surge in sales, the mild cold and flu season, along with improved community hygiene practices, has depressed demand for respiratory products.

Furthermore, reduced community activity is resulting in fewer ambulance movements and lower demand for Penthrox, which is better known as the green whistle.

Finally, Penthrox Australia sales have been impacted by timing differences associated with the transition from the exiting distribution partner, Mundipharma Australia.

However, overall reported revenue is showing growth. This is the result of accelerated milestone income amortisation from the hand-back of the EU distribution rights from Mundipharma.

Mr MacGregor concluded: “We are looking past these challenges. We expect to see a recovery in Australian sales in the coming months and will build infrastructure for the global growth of Penthrox. The transition arrangements in the EU are progressing well and additional rollouts into unlaunched markets will occur in 2021.”

More reading

• 2 ASX healthcare shares that have risen since Pfizer’s vaccine news

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Medical Developments International Limited. The Motley Fool Australia has recommended Medical Developments International Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) went up by 0.4% today to 6,615 points.

Here are some of the highlights from the ASX:

Serko Ltd (ASX: SKO) 

Serko is travel management software business.

Today, the company announced it intends to provide periodic updates to assist the market to assess changes to the environment it operates in.

Serko said it has seen a gradual improvement in transaction booking volumes after the easing of domestic travel restrictions within Australia over the past couple of weeks.

Transaction volumes increased to 44% of prior year volumes for the month of November. This was an improvement from 35% of prior year volumes for the month of October. Serko revealed that the past week has seen some daily transaction rates around 50% of prior year volumes.

New Zealand domestic travel increased to 85% of prior year volumes for the month of November, which was an increase from 76% of prior year volumes for the month of October. Australian domestic travel increased to 33% of prior year volumes for the month of November, up from 26% of prior year volumes for October.

The ASX share said it was pleased to see Australian travel bookings start to recover with the current easing of domestic travel restrictions.

The travel company also confirmed that new customers in select global (predominately English-speaking) markets are now being directed to the new Booking.com for business platform powered by Zeno.

The Serko share price went up around 3% today.

Afterpay Ltd (ASX: APT)

ASX 200 buy now, pay later giant Afterpay revealed its growth statistics for November 2020.

The company boasted of exceeding $2 billion in global sales in a month in November. It said that global underlying sales increased by 112% to $2.1 billion.

Australia and New Zealand underlying sales increased by 54% to $0.9 billion. United States underlying sales grew by 186% to $1 billion. UK underlying sales rose by 315% to $0.2 billion.

Afterpay said that referrals to global retailers continued to grow strongly with over 35 million leads generated during the month, which was 147% higher than November 2019.

This was the first time that monthly underlying sales in the US were higher than Australia and New Zealand. Afterpay said this contribution reflected its fastest-growing and largest region.

Afterpay is now available in-store after being integrated across thousands of stores nationally. There is a “strong pipeline of new merchants preparing to launch soon”.

The BNPL company said that with a number of significant retailers launching on the platform since 30 September 2020, active customers in the US increased by around 1 million. The total number of customers that have signed up to Afterpay in the US now exceeds 13 million.

The Afterpay share price fell around 2% in response to the update.

Macquarie Group Ltd (ASX: MQG)

The ASX 200 global investment bank announced today that it’s going to acquire Waddell & Reed Financial which is a US-listed asset wealth manager for US$1.7 billion.

The business has two divisions. It has an asset management business with approximately US$68 billion in assets under management (AUM). It also has a wealth management business with approximately US$63 billion of assets under administration (AUA).

On completion, Macquarie will sell the Waddle & Reed Financial Services wealth management business to LPL Financial for US$300 million plus excess net assets.

The increased scale and diversification of the combined platform will, according to Macquarie, create significant long-term benefits for clients, advisors and shareholders.

This deal is expected to close by the middle of 2021.

The Macquarie share price went up by about 0.2% today.

More reading

• Element 25 (ASX:E25) tumbles on latest PFS update
• Is the housing market safe in 2021?
• Is Rio Tinto (ASX:RIO) share price a better buy than BHP (ASX:BHP) share price?
• Here are the ASX bank shares rated as a buy today
• Can OPEC deliver more share price gains for Santos (ASX:STO) and Woodside (ASX:WPL)?

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Serko Ltd. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Serko Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The 1300 Smiles Limited (ASX: ONT) share price hit another record high today despite there being no news out of the company. At the time of writing, the 1300 Smiles share price is sitting 4.26% higher at $6.85, after being as high as $6.9 in intraday trading today.

The company has had a successful 2020, with its shares rebounding strongly from the COVID-19 market rout. The 1300 Smiles share price has gained more than 43% since its lows in early March.

Bundaberg practice

One possible reason for the company’s recent strong share price performance is its acquisition of a new practice in Bundaberg. On 24 November, the company expanded its footprint further into the Wide Bay region in Queensland. The new practice adds to its two existing Bundaberg practices.

Commenting at the time, 1300 Smiles managing director, Dr Daryl Holmes, said:

This is an exciting acquisition as we already have two well established practices in the area. It will ensure that we can service the Wide Bay area even further. We look forward to welcoming the team of dentists and support staff to 1300SMILES following completion.

Successful AGM

1300 Smiles also highlighted the company’s strong revenue in the first quarter of 2021 at its annual general meeting (AGM) on 26 November. As such the health care share saw revenue increase by 16%.

Management also noted the strong recovery post COVID-19. Since the easing of restrictions in May, trading has been strong, driven in part by latent demand and new patients.

Also positive was the reduction in net debt. Despite the challenges of the pandemic, net debt reduced by 15% from $8.3 million to $7.1 million – a result of debt repayment. This leaves the company in a position to take advantage of future capital projects as they become available.

What now?

With the 1300 Smiles share price gaining 10% in the past year, the company has outlined a plan to continue its growth.

Management noted that profits would be increased by attracting more dentists to its existing facilities and expanding those facilities which are already at full capacity. Moreover, 13300 Smiles will place a priority on assisting dentists who already practice with the company to increase turnover and income.

Furthermore, 1300 Smiles suggested the need to establish new practices, both in areas of existing presence and into new regions.

More reading

• Why the Elixinol (ASX:EXL) share price popped 43% today
• RBA pushing share prices up, not helping economy: experts
• Here’s why the Fenix (ASX:FEX) share price rocketed up 26% today
• Element 25 (ASX:E25) tumbles on latest PFS update
• 2 ETFs for ASX tech investors to buy today

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has recommended 1300SMILES Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Elixinol Global Ltd (ASX: EXL) share price soared today, after it was announced that the United Nations (UN) has rescheduled its classification of cannabis. According to the company, this is expected to favourably impact its global business.

The Elixinol share price went flying as a result, gaining 43.24% today. This takes shares in the company up to a price of 26 cents.

What happened

Today it was announced that the UN has officially rescheduled cannabis, after the UN’s Commission on Narcotic Drugs (CND) voted to accept the World Health Organization’s recommendation.

Moreover, the vote acknowledged the medicinal usefulness of cannabis and clarified that cannabidiol (CBD) is not under international drug control.

What now for Elixinol 

As the company noted, the news is expected to have a substantial impact on Elixinol’s ability to drive product sales in Europe and other countries influenced by UN decision-making.

Nonetheless, it is just the latest signal in the global relaxation of regulations surrounding CBD. It follows last week’s landmark ruling from the EU’s highest court that CBD “does not appear to have any psychotropic effect or any harmful effect on human health.”

Management comment

Elixinol CEO Oliver Horn was understandably pleased with the news, saying:

This is possibly the most important day for cannabidiol – or CBD since it was scheduled as a narcotic in 1961. Since that time, substantial resource has been deployed into understanding CBD and while we have long understood its significant therapeutic value, international scheduling has held it back. This UN vote recognises CBD’s potential, which we believe will positively impact Elixinol’s ability to conduct business in our key regions. Over the last two years we’ve already built a substantial base in Europe which has contributed significantly to our recent performance and from which we can now unlock new value. Given the significant influence of the UN, we also expect positive follow-on effects into other countries where we operate.

Investors are clearly also seeing the upside, with the Elixinol share price soaring by more than 43%.

More reading

• ASX stock of the day: Elixinol Global (ASX:EXL) shares blaze new highs

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Experts are openly criticising the Reserve Bank of Australia’s (RBA) current strategy, saying it doesn’t actually help the economy.

In response to the COVID-19 recession, the RBA has cut interest rates to near-zero. It has also performed quantitative easing to reduce yield on government bonds, which cynics label “printing money”.

However, the latest figures this week showed Australia was recovering remarkably well, with the gross domestic product expanding 3.3% in the September quarter.

BetaShares chief economist David Bassanese said long-term ultra-low rates would pump up asset prices, such as for shares, but could harm the country.

“The RBA’s promise to keep interest rates at near-zero for a further 3 years appear dangerous to my mind, as together with a recovering economy it could well spark a speculative surge in asset prices,” he said.

“The RBA to my mind, as with other central banks around the world, is mistakenly still fighting the last war – as globalisation and technology have slain inflation dragon.” 

The central bank is trying to get Australians to spend more in consumer goods and services. But people will instead plough their money into assets, like shares and property, which add nothing to the economy.

“Low interest rates seem more likely to spark a destabilising rise in asset prices than much higher consumer price inflation over the next few years,” Bassanese said.

‘Bordering on policy error’

Even before this week’s optimistic GDP figures, Wilson Asset Management lead portfolio manager Matthew Haupt warned of RBA creating asset bubbles.

“I really believe it is bordering on a policy error,” he said in a Wilson video last month.

“It is at the end of the lockdown period, our economy was reopening and you have a vaccine coming now, so I think the QE will distort some of the market prices in Australia.”

RBA’s initial COVID-19 response in March was “very good”, according to Haupt. But the second wave of assistance in November came too late.

“The market is looking at this response as being too late and now it is actually going against what the RBA was trying to deliver, which was lowering the Aussie dollar,” he said.

“It should have been earlier and I believe it could cause some areas of concern around some of the valuations in Australia as well.”

Wilson portfolio manager John Ayoub agreed, saying the RBA is doing too much too late.

“They are doubling down at the wrong time – and by doubling down at the wrong time it will likely back us up a little bit compared to the rest of the world.”

More reading

• Here’s why the Fenix (ASX:FEX) share price rocketed up 26% today
• Element 25 (ASX:E25) tumbles on latest PFS update
• 2 ETFs for ASX tech investors to buy today
• Is the housing market safe in 2021?
• Why the IntelliHR (ASX:IHR) share price rocketed 26% higher to a 52-week high

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Fenix Resources Ltd (ASX: FEX) share price rocketed up 26% today on news it has secured a deal with Geraldton Port. The agreement will allow the company to export 1.25 million tonnes per annum of iron ore using the port’s shiploader.

At the time of writing, the Fenix share price is trading at 21.5 cents, in a day where share prices of iron ore producers on the ASX have broadly risen.

About today’s agreement

Fenix signed binding port access and lease agreements with Mid West Ports Authority (MWPA), operator of the Port of Geraldton in Western Australia.

These agreements will secure for Fenix a port allocation of 1.25 million tonnes per annum of iron ore, to be exported utilising the Berth 5 shiploader.

The term of the lease is four years, with two additional two-year extensions at Fenix’s discretion.

Fenix says the deal will support the company’s flagship Iron Ridge Project, which has been in development since September and is due to start mining, crushing, and road transport operations this month.

The Geraldton Port is located around 490km by road from the Iron Ridge Project.

Fenix managing director, Rob Brierley, said:

We have been working closely with MWPA for well over a year, and it has now culminated into significant commercial agreements that enable Fenix to commence iron ore production and to export its first shipment of product early in the new year.

A quick take on Fenix Resources

Fenix is  engaged in exploration of iron, base metals, and precious metals in Western Australia. Company projects include its flagship, the Iron Ridge Project in the Pilbara region of WA.

The feasibility study of Iron Ridge was completed in November 2019. It found that the high-grade and high-quality mine has the potential to provide strong returns over its life of mine.

Specifically, the study concluded a maiden ore reserve of 7.76 million tonnes at 63.9% iron, which underpins its forecast annual production of 1.25 million tonnes for a mine life of around 6.5 years.

About the Fenix share price

The Fenix share price has surged by more than 283% in 2020, coming from a low share price of 5 cents in January. The Fenix share price is currently closing in on its 52-week high of 22.7 cents. The company commands a market cap of $67 million.

More reading

• Element 25 (ASX:E25) tumbles on latest PFS update
• 2 ETFs for ASX tech investors to buy today
• Is the housing market safe in 2021?
• Why the IntelliHR (ASX:IHR) share price rocketed 26% higher to a 52-week high
• Althea (ASX:AGH) share price lifts 10% today. Here’s why

Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Element 25 Ltd (ASX: E25) share price crashed even as it posted an upbeat update on the ASX.

Shares in the emerging manganese miner tanked over 10% to $1.31 in the last hour of trade. The sell-off comes despite this being a positive day for miners.

ASX miners leading the S&P/ASX 200 Index (Index:^AXJO) higher today as a surge in the iron ore price and the impending approval of a COVID‐19 vaccine is lifting the sector.

Element 25 share price takes a hit

Element 25 provided an update to its Pre-Feasibility Study (PFS) that was released in May. The miner added “expansion case options” which indicated that its Butcherbird project could be worth as much as $1.1 billion on a pre-tax basis.

This compares to its base case net present value estimate of $583 million (pre-tax) with a mine life of 40 years and an internal rate of return of 337%.

What’s more, management highlighted the low capital requirement for the project of $17 million plus another $3.2 million for working capital.

Fast payback and cashflow

The average operating cash flow from Butcherbird is estimated to be $39.6 million a year in the first five years of production under the base case.

This gives the project a simple payback period of six months from first production. That’s a very short payback period.

“Beneficial production is scheduled to commence in Q1 2021,” said the miner in its ASX statement.

“The base case involves the annual production and sale of 364,000tpa (Yr 1-5 range 300,000-390,000) of lump manganese ore grading 30-35% Mn.

“Mining requires no drill and blast, utilising dozer ripping and mining with loaders or excavators.”

No upgrade to Butcherbird resources

However, management made no changes to its reserve estimates. Proven and probable ore reserve still stands at 50.55 million tonnes (Mt) at 10.3% manganese (Mn) containing 5.22Mt Mn.

While the project’s Native Vegetation Clearing Permit (NVCP) and Project Management Plan (PMP) have been approved, Element 25 is still waiting for its mining proposal, works approval and water abstraction approvals.

Element 25 share price still near record highs

The big drop in the Element 25 share price may look alarming, but it should be taken into context. The E25 share price surged by nearly 700% since the start of calendar 2020 even with today’s loss.

It’s unlikely that shareholders would be too worried, especially given the outlook for electric vehicles. Element 25’s manganese is meant to be used in batteries.

More reading

• Is the housing market safe in 2021?
• Is Rio Tinto (ASX:RIO) share price a better buy than BHP (ASX:BHP) share price?
• Here are the ASX bank shares rated as a buy today
• Can OPEC deliver more share price gains for Santos (ASX:STO) and Woodside (ASX:WPL)?
• Why ASX iron ore stocks like the Fortescue (ASX:FMG) share price are surging today

Motley Fool contributor Brendon Lau has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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