- ChemX Materials is an Australia-based high-purity critical materials business.
- Rapidly advancing an integrated battery-grade manganese mining and processing project at its 100-percent-owned manganese project on the Eyre Peninsula in South Australia
- The company has developed the HiPurA® HPA process, a novel, innovative process for producing high-purity alumina used in the manufacture of lithium-ion batteries. Testwork has indicated its process is a low-cost and low-energy alternative to conventional processes.
- The HiPurA® HPA process is not tied to a mining operation, allowing ChemX to build production facilities close to the end-users.
- An experienced management team leads the company towards its goals of supporting the world’s transition to clean energy.
ChemX Materials (ASX:CMX) is an Australia based high-purity critical materials business. The company is driven by its vision to support the energy transition by providing the critical materials required to achieve real solutions that lower carbon emissions. ChemX’s goals are achieved with a dual-focus approach involving its High Purity Manganese (HPM) project and its HiPurA® High-Purity Alumina (HPA) project. The company is also focused on maintaining a strong ESG framework over the development of its projects.
The electric vehicle (EV) revolution is well underway, but many investors aren’t necessarily paying attention to all the metals involved. Lithium, cobalt and nickel are well-known for their roles in EVs, but manganese remains a forgotten metal. High-purity manganese (HPM) is a critical part of the battery cathode chemistry for lithium-ion batteries found in EVs. It adds substantial stability and energy density to the battery.
As manganese is also a key ingredient in steel making, which continues to drive demand, only less than 2 percent of global manganese production is converted into the high-purity manganese for lithium batteries. A key bottleneck in the supply chain is the lack of processing infrastructure needed for the purification process. This creates the opportunity for ChemX operating in Australia, with its low sovereign risk, skilled workforce and first-class infrastructure, to supply this rapidly growing market.
In early 2023, ChemX completed a drilling campaign at its manganese deposit located on the Eyre Peninsula in South Australia. The campaign consisted of 6,164 meters of reverse circulation drilling (RC), designed to infill the drill spacing over the northernmost 2-kilometer strike of the Jamieson Tank Manganese deposit for the purpose of estimating a maiden mineral resource. ChemX accelerated the development program of the manganese assets in response to changing market dynamics generated by the United States Inflation Reduction Act (IRA), and the changing lithium-ion battery chemistries, which requires increasing amounts of manganese to promote energy density, battery stability and lower costs.
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 high-purity manganese sulphate production plant.