ChemX Materials (ASX:CMX), a materials technology company focused on providing critical materials required for electrification and decarbonisation, has announced outstanding results from an initial batch of reconnaissance rare earths elements (REE) assays from the Company’s Eyre Peninsula tenements in South Australia. The outstanding results highlight the prospectivity of the Company’s Eyre Peninsula tenements for ionically adsorbed REE.
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 HiPurA™ process.
ChemX Materials Managing Director David Leavy commented: “These assay results from our maiden drill program at both the Kimba and Jamieson Tank projects confirm the presence of REE mineralisation across our Eyre Peninsula tenements. “The next stage is to further confirm the extent of the mineralisation within the results of the samples currently in the laboratory and undergoing beneficiation in preparation for assaying. This will include developing an understanding of the presence and distribution of high-value magnet rare earths – neodymium, praseodymium, dysprosium and terbium. “We will also be undertaking metallurgical test work to determine the optimum process to maximise the recoverability of REEs from the host clays.”
