Our Company

Bubalus is an ASX listed company which has acquired four projects, the Amadeus Project (prospective for Manganese), the Coomarie Project (prospective for Heavy Rare Earths), the Nolans East Project (prospective for Light Rare Earths) and the Pargee Project (prospective for Heavy Rare Earths), which are located in premier geological provinces in the Northern Territory and Western Australia.

Our Mission, Vision and Values


  • Deliver growth and value for Shareholders through achieving exploration success from exploration and evaluation programs.

  • Exploring for rare earths and manganese that will play a critical role in the transition to clean energy and decarbonising the world.

  • Committed to building legitimate Environmental, Social, and Governance (ESG) credentials in the regions in which we operate.

Why Manganese?

The rise of Manganese has come from a strong battery cathode end user demand. Manganese saw a 148% price increase in 2021 and its use in EV batteries comes with a low substitution risk.

  • Manganese rich batteries emerging rapidly with key announcements from Volkswagen, Tesla, Stellantis, Renault and BASF
  • Low substitution risk, nickel-manganese-cobalt (NCM) cathode chemistry expected to dominate EV battery market (~52% today and forecast to grow)
  • Emerging use in LFMP, with CATL looking to mass produce lithium manganese iron phosphate (LMFP) batteries as competitor to NCM
  • New manganese–rich cathode formulations expected to reduce costs, with good range, power, safety and charging performance.