Announcement • Apr 23
Alluminous Pty Ltd agreed to acquire Hipura Pty. Ltd. from ChemX Materials Limited (ASX:CMX) for AUD 2.2 million. Alluminous Pty Ltd agreed to acquire Hipura Pty. Ltd. from ChemX Materials Limited (ASX:CMX) for AUD 2.2 million on April 23, 2025. A cash consideration of AUD 2.2 million will be paid by Alluminous Pty Ltd. The acquisition will be funded equally via a Share Subscription Agreement in Alluminous, with Impact Minerals Limited (ASX : IPT) contributing AUD 1.1 million and the other shareholders contributing the remaining AUD 1.1 million. Subscriptions are to be completed by April 24, 2025. If Impact Minerals Limited (ASX : IPT) fails to contribute its AUD 1.1 million share of the purchase price and initial working capital of AUD 0.5 (AUD 1.6 million in total), Alluminous may terminate the binding term sheet and proceed to acquire HiPurA independently. However, Impact Minerals Limited (ASX : IPT) does not anticipate any difficulties in making its contribution.
The transaction is subject to approval by regulatory board / committee and subject to shareholder approval. The expected completion of the transaction is April 28, 2025. Announcement • Oct 04
ChemX Materials Limited, Annual General Meeting, Nov 28, 2024 ChemX Materials Limited, Annual General Meeting, Nov 28, 2024. New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (AU$3.43m market cap, or US$2.36m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Jul 01
Chemx Materials Limited Announces Stephen Strubel to Become Non-Executive Director ChemX Materials Limited announced that executive director Stephen Strubel has transitioned to the role of non-executive director. The company has built a highly credentialed technical team to take the HiPurA® High Purity Alumina (HPA) project forward, and with the company now moving into early-stage commissioning of its HPA Pilot Plant, Mr. Strubel has decided the time is now right for the transition. Mr. Strubel remains the company secretary and person responsible for communicating with ASX under Listing Rule 12.6. Announcement • Apr 23
ChemX Materials Limited, Annual General Meeting, May 27, 2024 ChemX Materials Limited, Annual General Meeting, May 27, 2024, at 11:00 W. Australia Standard Time. Location: Suite 1, 1 Tully Road East Perth WA 6004 Perth Western Australia Australia Agenda: To consider ratification of prior issue of placement shares ; to ratification of prior issue of placement shares approval to issue placement options; to director participation in placement for $20,000 cash Warrick Hazeldine; to director participation in placement for $25,000 cash Stephen Strubel; to director participation in placement for $20,000 cash Alwyn Vorster; to approval to issue SPP options; to approval to issue broker options to Sanlam private wealth PTY ltd; and to consider other matters if any. Announcement • Mar 26
ChemX Materials Limited has completed a Follow-on Equity Offering in the amount of AUD 1.118 million. ChemX Materials Limited has completed a Follow-on Equity Offering in the amount of AUD 1.118 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,291,674
Price\Range: AUD 0.048
Discount Per Security: AUD 0.00288
Transaction Features: Subsequent Direct Listing Announcement • Mar 25
ChemX Materials Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. ChemX Materials Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,416,667
Price\Range: AUD 0.048 New Risk • Feb 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (AU$6.10m market cap, or US$4.01m). Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Announcement • Nov 09
ChemX Materials Limited announced that it has received $1.391698 million in funding On November 8, 2023, ChemX Materials Ltd. closed the transaction. The transaction included participation from a single investor Announcement • Oct 26
ChemX Materials Limited Announces Resignation of Tara Berrie as Director ChemX Materials Limited announced that Ms. Tara Berrie has resigned as a Director of the Company. Ms. Berrie Joined ChemX in February 2023 and has provided valuable insight and guidance on the electric vehicle revolution and the required critical materials to power the energy revolution. Ms. Berrie is based in the United States and has experienced increased demands in her current role and has decided to step down from her Non-Executive Director role with the Company. Announcement • Oct 07
ChemX Materials Limited, Annual General Meeting, Nov 29, 2023 ChemX Materials Limited, Annual General Meeting, Nov 29, 2023, at 11:00 W. Australia Standard Time. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Alwyn Vorster was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Alwyn Vorster was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 10
ChemX Materials Ltd Appoints Tara Berrie as Non-Executive Director ChemX Materials Ltd. announced that it has appointed US-based Tara Berrie as Non-Executive Director commencing 10 February 2023. Tara has more than 13 years experience in the global mining and chemicals industry, including the past seven years working in the battery materials sector. She is currently Senior Group Manager (Battery Metals) at Rivian Automotive Inc. an American electric vehicle manufacturer and automotive technology company founded in 2009. Tara was previously Global Supply Manager, Battery Metals at leading electric vehicle company Tesla. ChemX Chair Warrick Hazeldine welcomed Tara, who brings global experience in battery metals and battery supply chains which would be invaluable to ChemX. Announcement • Jan 16
ChemX Materials Limited Commences New Manganese Exploration Program at its Jamieson Tank Battery Manganese Project ChemX Materials Ltd. announced it has commenced a new Manganese exploration program at its Jamieson Tank battery manganese project. The >5,000m reverse circulation (RC) drilling program will infill the drill spacing over the northern-most 2 km strike of Jamieson Tank for the purpose of estimating a maiden Mineral Resource. The drilling program is anticipated to be completed within approximately eight weeks. In parallel, the Company is continuing with its advanced metallurgical test work program to produce battery grade manganese sulphate, while actively engaging with potential customers with a view to meeting battery grade product specifications and securing early project participation from suitable downstream high-purity partners. Announcement • Dec 16
ChemX Materials Limited Provides Battery Grade Manganese Exploration & Development Update ChemX Materials Ltd. updated the market on its proposed manganese exploration program. ChemX has secured Environmental Protection and Rehabilitation (EPEPR) approval for a reverse circulation (RC) drilling program on the Jamieson Tank project from the South Australian Department of Mining and Energy. The drill program is scheduled to commence post-harvest in January 2023 and comprise approximately 5,000m. The aim is to progress the Exploration Target to estimate a maiden Mineral Resource in accordance with the JORC Code 2012. The Company has executed a drilling contract and access agreements with relevant landholders on the Eyre Peninsula to conduct its 2023 exploration program. ChemX is committed to maintaining sound relationships with communities on the Eyre Peninsula and is mindful of conducting exploration and field work at times that reduce inconvenience to landholders. Due to the opportunities being presented by the US Inflation Reduction act, the Company will be prioritising manganese exploration over kaolin to become a supplier of battery grade manganese to the North American and European Electric Vehicle markets. Supply chains for critical minerals are undergoing a fundamental realignment, which ChemX with its first class, in-house metallurgical and chemical engineering team is well positioned to take advantage of. The purpose of the 2023 drilling program is to infill the drill spacing to an approximate 100m by 50m over the northern-most 2km strike of Jamieson Tank for estimating a maiden Mineral Resource. Downhole geophysics will be employed to derive an in-situ density and support the Mineral Resource estimation. In addition, the geophysics will be used to complement the geological interpretation of Jamieson Tank and improve the geological continuity which was identified as a risk in the Exploration Target. The manganese mineralisation is predominantly cryptomelane, hosted in jaspilite, and positioned near surface under a thin horizon of Quaternary clays and sands. In addition to the Jamieson Tank project, ChemX has identified further manganese prospects at Bunora West, Hodgins, Windyzell, Francis and Polinga. These prospects have not been adequately explored and offer future discovery potential and feed options for the proposed future High Purity Manganese Sulphate Production plant. The Company has been actively engaging with industry participants in the battery supply chain to begin early qualification of its High Purity Manganese Sulphate Monohydrate. Early engagement and qualification is an essential step to secure offtake agreements for Battery Grade Manganese which is increasingly becoming an important part of the electric vehicle battery chemistry, due to its ability to increase energy density, reduce costs and increase consumer take up of electric vehicles. In early 2022, the Company completed its initial testwork program, using manganese samples from previous tenement owners. The initial testwork program achieved manganese sulphate crystals with 99.7% purity. The testwork program was designed to test the efficacy of the chosen flow sheet, which achieved near specification quality without final purification steps. Two samples grading 12.2% Mn and 25.5% were composited to a single sample and submitted for heavy liquid separation at >2.95 and >3.30 density mediums. The results represented in Table 1 demonstrated that the ore was amenable to upgrade to battery grade levels using heavy liquid separation. Subsequent to the initial successful testwork program, the Company obtained a representative sample of ore from Jamieson Tank's 2022 program, to undertake a second-round metallurgical flow sheet development program targeting a 99.99% (4N) HPMSM Product grade. The current round testwork is ongoing with results expected in early 2023, subject to laboratory schedules. Announcement • Oct 29
ChemX Materials Limited Announces Cessation of David John Leavy as Director ChemX Materials Limited announced the cessation of David John Leavy as director. Date that director ceased to be director: 27 October 2022. Board Change • Oct 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Warrick Hazeldine was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 19
ChemX Materials Limited Appoints Alwyn Vorster as Non-Executive Director ChemX Materials Ltd. advised that it has appointed Mr. Alwyn Vorster as Non-Executive Director of the Company. Mr. Vorster has held various directorships over the past 12 years and was most recently Managing Director of ASX-listed BCI Minerals Ltd. He was also formerly Managing Director of Iron Ore Holdings Ltd. and Non-Executive Director of Volt Resources Ltd. and held management positions in several mining and resources companies, including Aquila Resources Pty Ltd. (Head - Iron Ore and Manganese) and Rio Tinto Iron Ore (Regional Manager - China). Announcement • Oct 07
Chemx Drill Results Confirm Significant Kaolin Prospect ChemX Materials announced the Kaolin results from the 2022 aircore drilling campaign at its Kimba Kaolin-Rare Earth Elements (REE) project on the Eyre Peninsula in South Australia. Final assays from Kaolin-REE targets at the Company's Eyre Peninsula tenements further confirm the potential for world-class Kaolin deposits Kaolin drill hole results assayed at near pure Kaolinite grades, with very low contained deleterious elements The above significant intercepts are from 363 sub 45-micron sample results across 80 drill holes. Pure Kaolinite has the formula Al2Si2O5(OH)4 and consists of approximately 39.5% Al2O3, 46.6% SiO2 and 13.9% H2O. Assay results indicate the presence of significant volumes of Kaolin with grades above 36% Alumina (Al2O3) with Alumina ranging from 14.2% (low) to 38.2% (high) with the average and median of 33.5% and The reported assay results are significant for ChemX as it seeks to develop a suite of high value criticalmaterials for the electrification and decarbonisation markets. Kaolin samples obtained from the exploration program will now undergo calcination testwork to produce metakaolin, followed by further evaluation for use in cement-based products to reduce carbon emissions in the cement production process. High grade kaolin associated with REE enrichment has the potential to improve the overall economics of the project should it proceed to development. Additional investigation as to key qualities may be undertaken at a later stage to determine otential economics of the project, including: · Brightness, quantitative XRD (and SEM) analyses · Infill and extensional aircore drilling to improve confidence in continuity of geology, grade and quality. · Determination of in situ bulk density by relevant methods · Calcination to an anhydrous aluminium silicate form increasing whiteness, hardness, size and shape for further downstream uses.ChemX's Eyre Peninsula projects are situated nearby to established major infrastructure (road, rail and port) routes, each of which have the potential to significantly enhance the economics of any project development. Kaolin has many uses, ranging from paper coating, fiberglass, ceramic ware and geopolymers. The high quality of ChemX's kaolin will enable its use in high value markets. Announcement • Sep 21
ChemX Materials Limited, Annual General Meeting, Nov 11, 2022 ChemX Materials Limited, Annual General Meeting, Nov 11, 2022, at 11:00 W. Australia Standard Time. Announcement • Sep 05
ChemX Materials Limited Drill Results Confirm Significant REE Prospect ChemX Materials announced the Rare Earth Elements (REE) results from the 2022 aircore drilling campaign at its Kimba Kaolin-REE project on the Eyre Peninsula in South Australia. Samples collected from the Kelly Tank, Bunora East and Bunora South prospects, comprised predominantly kaolin clay associated with silica as quartz sand, and mica with variable quantities of iron oxides, were screened at sub 45 micron and assayed. The results demonstrate the strong potential of the Company's Eyre Peninsula tenements for ionically adsorbed REE. Further results interpretation is in progress and will inform future exploration activities. The relevance of REE being associated with kaolin clay is that; they are loosely bonded to the surface of the clay particles and can be readily displaced by simple low-cost chemical solutions which can be further processed to recover the individual rare earth oxides. ChemX has engaged ANSTO to conduct diagnostic testwork for determination of potential REE extractability, with the results of this programme expected late 2022. Once received, this report will inform ChemX on feasible flowsheet optionality and serve as a key input to future downstream processing studies. The Kimba Kaolin-REE project is also specifically targeting high quality kaolin clays and the kaolinite polymorph, halloysite, that has been identified at both Kelly Tank and Bunora prospects. The presence of REE associated with the clays, if proven to be economically viable to extract, adds another level to the prospectivity of the Kimba Kaolin-REE project that will be consistently investigated within the framework of the developing project. The assay results for kaolin are currently being collated and analysed, the results will be advised as soon as practical. Additionally noteworthy, is ChemX's unique position with key projects situated within near proximity of established major infrastructure (road, rail and port) routes, each of which have the potential to significantly enhance the economics of any project development. Announcement • Aug 18
Chemx Materials Limited Announces Green Light for HPA Pilot Plant After Outstanding PFS Result ChemX Materials Ltd. announced that it will build a High Purity Alumina (HPA) Pilot Plant after a Pre-feasibility Study (PFS) confirmed the viability of the company's proprietary HiPurA® technology. The PFS, conducted by engineering firm Primero Group, indicates the 50 tonne per annum (tpa) pilot plant requires capital expenditure of AUD 2.5 million with a contingency of AUD 0.41 million. Using data obtained from the Company's successful HPA micro-plant commissioning phase and subsequent operation, the PFS incorporated several work streams and equipment modifications which have led to the design of an appropriately sized pilot plant. The aims of the HiPurA® HPA pilot plant are to: Optimise operating conditions to reduce the scale-up risks associated with a commercial plant. Produce the larger quantities of HPA needed for the final stages of qualification. Continue with development of additional materials that the HiPurA® technology can produce. High Purity Alumina (HPA) is a high value critical material used in lithium-ion batteries to manufacture ceramic separators, which provide increased thermal insulation for improved safety and charging. HPA is also an irreplaceable ingredient in the production of synthetic sapphire, which is used in LEDs, semiconductors, and optical lenses. ChemX completed the commissioning of the individual stages of its HPA micro-plant prior to the conclusion of the 2nd Quarter 2022. The micro-plant shall continue to be utilised, alongside the development of the pilot plant. The key objectives of the micro-plant are: Optimisation of process and controls under continuous operation Achieving a 99.99% (4N) Purity HPA on a consistent basis. Production of HPA samples to be used for customer qualification testing. Research and development of additional products for assessment including achieving a targeted 99.999% (5N) Purity and aluminium sulphate /aluminium nitrate for lithium battery cathodes. Following successful production of HPA through the continuous operation of the HiPurA® micro-plant the Company has submitted samples to an accredited laboratory for assaying. Chemical analysis will provide ChemX with the ability to specifically calibrate the final purification step to produce 4N HPA, capable of being used as a coating on the separator between the cathode and anode of lithium-ion batteries. Upon receipt of assays, any adjustments to the purification steps that may be required will take place at the Company's recently secured larger facility in Perth, Western Australia. The industrial facility will house both the HiPurA® HPA micro-plant and the HiPurA® HPA pilot plant, providing significant operational synergies. The purified solution from the pilot plant will be used as a feed to the micro- plant which will be repurposed to produce a range of 5N, or higher, products. Achieving production of HPA through the micro-plant represents a significant competitive step forward for ChemX. The Company intends to produce HPA samples for qualification with separator manufactures and sapphire growers, with a view to securing offtake agreements. As a result, the company will now begin its formal marketing campaign with interested parties. The HiPurA® process is significantly different to the currently used Alkoxide method and other known technologies that produce HPA, including those that remain under development. Importantly, the HiPurA® process is independent of any given mining operation, thus avoiding any mine development timeframes or associated operational risks. Production facilities can be positioned in multiple locations close to prospective end users, with the HiPurA® process utilising a relatively low cost and globally plentiful feedstock. The HiPurA® HPA technology is scalable, lower cost, independent of mine production, modular and able to produce several high purity products to meet the requirements of multiple markets. Due to the unique nature of the technology, a Patent Application was lodged on 7th July 2022 to globally protect the IP that is 100% owned by ChemX. Announcement • Jul 27
Chemx Materials Limited Provides Update on Its Jamieson Tank High Purity Manganese Sulphate Monohydrate Project Jamieson Tank Mn Exploration Target - Data, Methodology, Assumptions: The data used to estimate the Jamieson Tank Exploration Target comprised the Monax 2008 to 2012 drill data and ChemX 2022 drill data. The maiden 2022 ChemX drilling programme was aimed at improving confidence in the continuity of the previously identified manganese mineralisation at Jamieson Tank. The historical and 2022 drill data was reviewed by mining consultants CSA Global Pty Ltd. (CSA Global) prior to the estimation of the Exploration Target. Key assumptions supporting the Exploration Target include: Using Leapfrog Geo software, a total of 17 wireframes were created with the following assumptions: A grade driven manganese mineralisation interpretation was completed based on moderate to steeply east dipping mineralisation trends, - A minimum of two metres (two by one metre samples) were used to define the wireframes. The drill hole collar RL in the north was approximately 270RL with the model limit 170RL therefore a total depth extent of 100m was applied. The drill hole collar RL in the south was approximately 250RL with the model limit 170RL therefore a total depth extent of 80m was applied. The drill spacing is typically approximately 20m to 25m spaced holes on approximately 200m spaced sections. Total of 208 drillholes for a total of 11,276.5m used including 62 RC holes for 3,529 m; 117 RAB holes for 6,491 m; 29 AC holes for 1,256.5m. Not all drillholes were used in the determination of the Exploration Target. Several drillholes ended in manganese mineralisation. Mineralisation continuity on sections (across strike) is poor given the limited drilling down dip to define each wireframe. Additional drilling required as infill and also down dip. The extrapolation of wireframes along strike between the 200m spaced sections is ambiguous and requires infill drilling.A barren cover sequence was defined that includes sand, calcrete, and laterite. Density assumed to be 1.9 t/m3 Oxide domains were not considered. Wireframes were extrapolated one drill spacing along strike where open, or half section spacing between where mineralisation appears to diminish or the extrapolation was not possible. An approximate cut-off of 6% Mn was used to interpreted mineralisation along with logged lithology. Tonnage ranges for the Exploration Target were taken as the Leapfrog wireframe Volume x Density (1.9 t/m3) +/- 25% for the Upper and Lower Ranges. Grade ranges for the Exploration Target were taken as the mean of the raw sample data for the Lower Range, and the 75th percentile for the Upper Range. Grades are length weighted. Significant manganese drill intercepts and assays from the ChemX 2022 work programme were previously reported to the market in the ASX Release dated 23 June 2022. Geological Risks: The main geological risks include the poor mineralisation continuity on sections (across strike) given the limited drilling down dip to define each wireframe. Other risks include the absence of QAQC practices and the use of an assumed density in lieu of a measured density. Recommended Work Programme To mitigate the geological risks and test the validity of the Exploration Target, ChemX intends to undertake an infill drilling programme adopting all appropriate industry standard JORC compliance practices. These include but are not limited to, appropriate geological logging, data collection, assaying, survey, downhole density, QAQC practices, data management and Competent Person signoff of. A drill hole and interpreted manganese mineralisation outline plan is included as Figure 1. Schematic representative cross sections are included as Figure 3 and Figure 4. A summary of sampling techniques and data, estimation and reporting methodologies which support the Exploration Target is contained in JORC Table 1 which is included as Appendix 1 to this ASX release. Additional Manganese Prospect - Hodgins A review of historical drill data has confirmed the presence of significant manganese mineralisation on the Hodgins prospect. Significant grades include: 10m @ 29.2 % Mn (Drill hole HRC05 46 to 56m EOH) - 20m @ 23. 8% Mn (Drill hole HRC05 22 to 42m) - 11m @ 20.8 % Mn (Drill hole HRC03 9 to 20m) - 14m @ 16.8% Mn (Hole HRC01 32-46m). Further work is required to establish the grade and mineralisation continuity of the prospect. A drill hole location plan is included as Figure 5 and schematic cross section (Archer, 201) as Figure 6. A drill collar summary table is included as Appendix 3. Announcement • Jun 25
ChemX Materials Provides an Update on Progress Regarding Hipura High Purity Alumina Micro Plant Commissioning and Pilot Plant Pre-Feasibility Study ChemX Materials provided an update on progress regarding its HiPurA High Purity Alumina (HPA) Micro Plant commissioning and Pilot Plant Pre-feasibility Study. High Purity Alumina HPA is a high value critical material used in lithium-ion batteries to manufacture ceramic separators, which provides increased thermal insulation for improved safety and charging. HPA is also a critical ingredient in the production of synthetic sapphire used in LEDs, semiconductors, and optical lenses. HiPurA HPA Micro Plant ChemX has completed commissioning of the individual stages of its HPA Micro Plant and is now undergoing final stage integrated process commissioning. The key objectives from the Micro Plant operation are:Optimisation of process and controls under continuous operation; Achieving a 99.99% (4N) purity HPA on a consistent basis; Ongoing production of samples of HPA for customer qualification testing; Research and development on the development of additional products for assessment, including achieving a targeted 99.999% (5N) purity. The Micro Plant has been designed to be highly flexible and accommodate flowsheet modifications in anticipation of potential process improvements to achieve the Company's plans of producing a number of products including 5N (99.999%) HPA or higher specification. HiPurA HPA Pilot Plant Pre-feasibility Study The HiPurA process is expected to produce HPA with significantly lower levels of energy and reagent usage, resulting in lower capital and operating costs than most incumbent and potential producers. The Pilot Plant PFS is progressing well, with several major milestones already achieved: Flowsheet extensively modelled to assess alternative reagents; Operating costs identified; Key equipment manufacturers engaged for quotation; Equipment and pilot plant sizing optimization currently under way. Throughout the PFS process work undertaken to date, the Company has identified several opportunities to optimise the process design, equipment modifications and scale. These work streams will have a positive impact in terms of a reduction in capital and operating costs. As a result, the Company will extend completion of the PFS into Third Quarter 2022 to complete these work streams. Announcement • Jun 24
ChemX Materials Ltd Provides Update on Exploration Activities At the Jamieson Tank Project in South Australia ChemX Materials Ltd. provide the following update on exploration activities at the Company's Jamieson Tank Project in South Australia. ChemX's Jamieson Tank High Purity Manganese Sulphate Monohydrate (HPMSM) project is proposed to become a vertically integrated project, with manganese ore to be sourced from its 100% owned Jamieson Tank Manganese Project on the Eyre Peninsula, South Australia. ChemX intends to process ore based on a metallurgical testwork program currently being conducted. The first stage of testwork was positive, with the second stage of testwork scheduled to commence in July 2022. The assays received from the 2022 drilling programme, provide significant confidence in the Jamieson Tank manganese mineralisation, previously identified by Monax Mining Limited 2008-2012. Announcement • May 31
ChemX Materials Limited has announced a Derivatives Offering in the amount of AUD 0.113465 million. ChemX Materials Limited has announced a Derivatives Offering in the amount of AUD 0.113465 million.
Security Name: Option
Security Type: Equity Option
Securities Offered: 22,692,936
Price\Range: AUD 0.005
Transaction Features: Rights Offering Announcement • May 27
ChemX Materials Ltd Announces Outstanding Results from an Initial Batch of Reconnaissance Rare Earths Elements ChemX Materials Ltd. announced outstanding results from an initial batch of reconnaissance rare earths elements (REE) assays, which were returned from air core drilling across the Company's Eyre Peninsula tenements in South Australia. The outstanding results highlight the prospectivity of the Eyre Peninsula tenements for ionically adsorbed REE. The recent regional discoveries of REE surrounding the Company's tenements share very similar geology. The remainder of samples collected from the maiden drill program will be further assayed to provide a solid understanding of the distribution of REE through the clays. ChemX's Eyre Peninsula tenements cover the Kimba Kaolin-Halloysite Project and Jamieson Tank, which historically has been explored for manganese. The air core program returned high REE results at both Kimba and Jamieson Tank. The Company's second foundation focus, in line with targeting critical materials for electrification and decarbonisation, is the development of a High Purity Alumina (HPA) plant in Western Australia using ChemX's in-house HiPurATM process. Materials assayed were from raw, unprocessed samples consisting of kaolin clay associated with silica as quartz sand as well as mica with variable, but generally low, quantities of iron oxides. The assays came from holes drilled at the Kelly Tank, Bunora East and Bunora South kaolin prospects as well as manganese targets at Jamieson Tank. The samples were not selected on their significance as containing high-quality kaolin intervals nor their apparent yield of clay. Sampled drill holes Assay results from the initial batch of 129 samples indicate the presence of REEs in all samples assayed. Results have been processed to reflect the REEs as their common rare earth oxides (REOs), which are subsequently quoted as Total Rare Earth Oxides (TREOs). Highlights from the preliminary reconnaissance REEs survey The next stage of the analysis will investigate the clay-rich -45 micron fraction where the REEs are expected to be concentrated and ionically adsorbed to the surface of the kaolinite particles. The relevance of REEs being associated with kaolin clay is that they are loosely bonded to the surface of the clay particles and can be readily displaced by simple low-cost chemical solutions, which can be further processed to recover the individual REOs. The Kimba Project is specifically targeting high-quality kaolin clays and the kaolinite polymorph, halloysite, that has been identified at both the Kelly Tank and Bunora Prospects. The presence of REEs associated with the clays, if proven to be economically viable to extract during the beneficiation and processing to recover other products, adds another level to the prospectivity to Kimba that will be consistently investigated within the framework of developing Eyre Peninsula tenements work. Samples from two holes drilled at Jamieson Tank were also assayed for REEs. These samples were not the targeted manganese mineralisation but the surrounding clay material. Announcement • May 20
Chemx Materials Appoints Peter Lee as Chief Operating Officer ChemX Materials announced the appointment of Peter Lee as Chief Operating Officer. Mr. Lee is a high calibre addition to the team and will significantly enhance the Company's capacity to execute its strategy. Peter Lee is a Chemical Engineer, who has more than 20 years' experience working in a number of large mining companies, across Australia and Canada. Having commenced his career with Mount Isa Mines (MIM), then Rio Tinto (Queensland Alumina Ltd. and Gove Alumina), his last role was Executive Process-Mechanical, with WSP Golder. In this role, Mr. Lee led multi-disciplinary teams in domestic and international Mining, Metals and Chemical Industry related Process Design, Evaluation and Optimisation studies. Announcement • May 12
Chemx Materials Ltd. Provides Update on Development of High Purity Manganese Sulphate Monohydrate Project ChemX Materials Ltd. provided an update on the development of its High Purity Manganese Sulphate Monohydrate (HPMSM) project. Testing on a composite sample of ore taken from historical reverse circulation (RC) drilling at ChemX's Jamieson Tank Manganese Project on the Eyre Peninsula in South Australia by previous tenement owners, produced manganese sulphate crystals with 99.7% purity. This initial testwork program was designed toidentify the efficacy of the chosen process. To achieve near specification quality without any purification steps is very encouraging. Manganese is an essential component of the Lithium battery, in particular Nickel-Cobalt Manganese (NCM) batteries. NCM batteries are the predominant battery chemistry utilised by major auto manufacturers including Volkswagen 1, Tesla 2 and Renault 3 stating that manganese is a key part of their future development. The Jamieson Tank Manganese Project is aimed at producing HPMSM for lithium battery cathodes. ChemX has successfully completed the initial testwork program aimed at determining the suitability for the ore to be upgraded and processed into HPMSM. The Company completed its maiden drill program on the Project in March 2022 and is currently awaiting assay results prior to planning follow up exploration and further processing testwork. This initial testwork program consisted of two main stages, ore beneficiation and the production of manganese sulphate. Two composite samples were blended using reverse circulation (RC) chips collected by previous tenement owners. The head grades of the composites were 12.2 and 25.5% Mn. The only other elements present at >1% were Al, Fe and Si. Mineralogical analysis showed the lower grade ore to be predominantly quartz along with the manganese oxides cryptomelane, birnessite and pyrolusite, the higher-grade composite contained goethite and 1cryptomelane. Both samples had a significant fraction of amorphous material which is not uncommon in manganese ores. The high-grade ore was notably coarser in particle size with 91% >45µm compared to 59.5% for low grade. The high proportion of fines is due to the use of RC chips as the feed material, as the percussive nature of the method tends to produce a greater proportion of fines. Heavy liquid separation was conducted on samples screened into size fractions of +600µm and 45-600µm, with specific gravities (SG) of 3.30 and 2.95 selected on the basis of the mineralogy. The -45µm material cannot be tested using heavy liquid separation for practical reasons. The table below indicates the Mn grade and recovery for the different size fractions at the selected specific gravities. The highest density fraction was predominantly composed of Mn-oxide with concentrate grades of >53% achieved in both samples. The use of RC chips is not ideal where grades and recoveries are concerned as the inherently fine particle size does not allow optimisation of the physical separation, as the -45µm fraction is not amenable to heavy liquid separation. Once analyses are available from the samples obtained during the recent drilling programme further composites will be selectively blended, crushed and ground to minimise the fraction of <45µm material. Selected 45-600µm concentrates (i.e. with SG >2.95) from the heavy liquid runs were composited to give a head-grade of 43.8% Mn, 11.1% SiO2 and 7.0% Fe. A subsample was reductively leached using a standard method and filtered to give a solution containing 185g/L of Mn and a solid residue. The final solution contained <2ppm of Al, Fe and Si. The major impurity was potassium which was present in the cryptomelane. The Mn dissolution was believed to be limited by the maximum solubility in water, despite this, ~83% of the Mn was leached. Future runs will better match the slurry density and manganese concentration to ensure the leaching is not solubility limited. The resultant filtrate was not further purified in order to better assess the deportment of the impurities during crystallisation. The solution was evaporated to ~60% of its original volume at which time the crystals were filtered, water washed, dried using acetone and analysed. The final crystals were estimated to contain 99.7% MnSO4.H2O, manganese sulphate monohydrate. Thecrystallisation process increased purity with only low levels of minor elements being incorporated into the product. Chemical analysis of the crystals showed 32.1% Mn, noted to be above the 31.8% typically required for HPMSM. Of the impurities typically specified for battery grade HPMSM, only three were above the required limit. It is expected that these can be reduced to below the required levels by incorporating a purification step between the leaching and crystallisation stages. Further work on the production of HPMSM is planned once the beneficiation work has been undertaken on the freshly drilled samples from March 2022 drilling program. Announcement • Jan 16
ChemX Materials Limited has completed an IPO in the amount of AUD 8 million. ChemX Materials Limited has completed an IPO in the amount of AUD 8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 