This work investigated the possibility of the direct preparation of aluminum alloys by aluminothermic reduction of deep-sea nodules with a high excess of aluminum. The process was found to be unable to obtain aluminum alloy, but an aluminum-rich manganese-based alloy was obtained instead, being composed of intermetallics. The alloy was characterized in the as-reduced state, as well as after crushing and sintering in the temperature range of 800–950 °C. The sample sintered at 900 °C was also heat-treated by annealing at 800 °C for 3 h and rapidly cooled. It was observed that with the increasing sintering temperature, the original matrix phase Al11Mn14 was transformed into a duplex matrix with a structure corresponding to Al11Mn14 and Al4Cu9, and this mixture was further transformed to the matrix with the structure corresponding to Al4Cu9. Furthermore, the mechanical properties and wear resistance of the samples were described. The highest microhardness was reached in the sample, which was annealed after sintering. Sintered samples reached a lower wear rate because of the fragmentation of brittle intermetallics during crushing.