ChemX Materials

ChemX Materials Ltd December 2022 Quarterly Activities Report

ChemX Materials Ltd (ASX:CMX) (ChemX or the Company), a materials technology company focused on providing critical materials required for electrification and decarbonisation, is pleased to present its December 2022 quarterly report.
  • Work begins on supply of suitable manganese to a proposed battery material refinery hub in Kalgoorlie, Western Australia
  • ChemX strengthens executive and non-executive management with significant appointments
  • Integrated High Purity Alumina (HPA) Micro Plant facility in Perth commissioned
  • Manganese RC Drill Exploration Program Approved for January 2023, designed to Define and Estimate a Maiden Mineral Resource (MRE)
  • Metallurgical testing continuing to produce battery-grade manganese from Mt Jamieson ore
The Company is developing a High Purity Alumina Project in Perth, Western Australia and has two projects on the Eyre Peninsula in South Australia – the Kimba Kaolin - Rare Earth Element (REE) Project and the Jamieson Tank Manganese Project.

ChemX Interim Managing Director Stephen Strubel commented: “It has been another busy quarter for ChemX as we again made good progress at all our projects.

“The establishment of an integrated High Purity Alumina facility in Perth was a major milestone for the Company and the Micro Plant was recommissioned. The HPA Pilot Plant, expected to be constructed later this year, will provide further impetus to the HPA project.

“Following the promising assay results we received for manganese at the Eyre Peninsula tenements, we have commenced a second round of drilling at Mt Jamieson with an aim of producing a maiden manganese resource this year.”

High Purity Alumina

On 18 August, ChemX confirmed it would build a High Purity Alumina Pilot Plant after a Pre-Feasibility Study (PFS) confirmed the viability of the Company’s proprietary HiPurA® technology.

The PFS was conducted by engineering firm Primero Group and was based on a 50 tonne per annum (tpa) pilot plant requiring a capital expenditure of A$2.5 million, with an additional contingency of A$0.41 million. The PFS included data obtained from the Company’s HPA Micro Plant commissioning phase and subsequent operation and incorporated several work streams and equipment modifications which led to the design of an appropriately sized pilot plant.

During the December Quarter, ChemX established a dedicated HPA production facility in Perth, Western Australia, after securing a 1200sqm warehouse with adjacent 1200sqm hardstand external space capable of housing both the HPA Micro Plant and HiPurA® HPA Pilot Plant to be constructed in CY2023.

During the quarter, the Micro Plant completed a staged re-commissioning at the new location. ChemX is awaiting final analysis of base HPA samples it has provided to an external testing laboratory.

During the quarter the company increased head count dedicated to the development of the HPA technology in addition to investing in laboratory equipment which will increase efficiency and reduce reliance on external laboratories. The data gained from the Micro Plant will accelerate preliminary design work for the HPA Pilot Plant.


Click here for the full ASX Release

This article includes content from ChemX Materials, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CMX:AU
The Conversation (0)
Hand holding smart phone with the Reddit logo in front of tech stock charts.

Reddit Prices IPO at US$34 per Share — What to Know as Trading Begins

Reddit, one of the internet’s most popular discussion forums, is poised to make waves with its much-anticipated initial public offering (IPO) and trading debut, set to happen on Thursday (March 21).

The San Francisco-based company intends to list 22 million shares on the stock market at US$34 each, the high end of its anticipated range of US$31 to US$34. Reddit itself will sell 15.28 million shares, while its existing shareholders will sell 6.72 million shares; the company will not receive proceeds from shares sold by existing shareholders.

Reddit will trade on the New York Stock Exchange under the symbol RDDT.

Keep reading...Show less
Magnificient 7 Stocks on iPhone

Should You Invest in the Magnificent 7?

The so-called "Magnificent 7" stocks have been a hot topic of discussion among investors and financial professionals, with their market activity and record-breaking performances being closely monitored.

However, amid this unprecedented rally, concerns about a potential market drop or correction are looming large as investors try to assess whether the current conditions are sustainable or a harbinger of future volatility.

In this article, the Investing News Network (INN) will explore the topic of the Magnificent 7 and its impact on the stock market and the broader economy.

Keep reading...Show less
smartphone with exposed inner parts

How to Invest in Technology (Updated 2024)

The evolution of technology has undoubtedly grabbed the interest of the general public and investors alike as innovation in diverse categories continues to move forward at a remarkable speed.

Overall, the technology sector has come a long way in the last two decades. In March 2000, the S&P 500's (INDEXSP:.INX) technology index hit its peak of 988.49 points, rising by almost 500 points in the five years leading up to the dotcom bubble. Similarly, the NASDAQ reached an all-time high of 5,000 points during this milestone period.

As of March 2024, the S&P 500's technology index had grown by more than 500 percent, while the NASDAQ had more than tripled. The tech market is now dominated by large players, with companies like Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOGL) creating vast monopolies.

Keep reading...Show less
robot hand and stock chart

5 Biggest ASX Technology ETFs in 2024

It's indisputable that we're in an era of technology and our technological capabilities are exponentially increasing.

If you aren't reading this on a personal computer or laptop — unthinkable in 1970 — you're probably using a smartphone, and phones that can access the internet have only been around since 1996. For a further example, Apple's (NASDAQ:AAPL) meteoric rise is just as well known and needs no elaboration. The fact of the matter is that technology is integral to our life and advancements in the industry are shaping the future.

For any investor, the tech sector may be a desirable investment opportunity, and ETFs can be a safer way to get into an industry. For those unfamiliar, an ETF, or exchange-traded fund, is a basket of securities that is traded like a stock on an exchange and comes in many different types — market ETFs, foreign market ETFs, commodity ETFs and so on. Advantages include lower expense ratios, diversification and fewer broker commissions. One disadvantage is a low level of liquidity.

Keep reading...Show less
SensOre

Heritage Clearances Received for Priority Drill Targets at Abbotts North

Premier1 Lithium (ASX:PLC) (“Premier1” or the “Company”) is pleased to announce that heritage clearances have been received for the first stage of the exploration drilling program at the Company’s Abbotts North Project located 35km north of Meekatharra, Western Australia.

Keep reading...Show less
SensOre

Quarterly Activities Report to 31 December 2023

SensOre Limited (ASX: S3N or the Company), soon to be renamed Premier1 Lithium (ASX:P1L), is focused on tapping into the potential of Western Australia’s renowned lithium reserves. Its strategic exploration approach in this world-class mining jurisdiction is driven by a commitment to uncover valuable resources efficiently and effectively.

Keep reading...Show less

Latest Press Releases

Related News

×