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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 announce 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.
Highlights
- Final assays from kaolin-REE targets at the Company’s Eyre Peninsula tenements further confirm the potential of ionically adsorbed rare earth elements (REE)
- Widespread REE across the tenements delivering high grades of Total Rare Earth Oxides (TREO) plus Yttrium (Y), with the best individual hole results from the screened, sub 45-micron fraction being:
The significant intercepts are from a total of 363 sub 45-micron TREO assay results across 80 drill holes. The concentration of TREO in parts per million (ppm) ranged from 19ppm (low) to 2468ppm (maximum) with the average and median as 505ppm and 404ppm, respectively. All collar location details are provided in Figure 3 with full collar details shown in Appendix 2. All results of sub 45-micron TREO greater than 500ppm is included as Appendix 3.
ChemX Managing Director, David Leavy, commented:
“These assay results confirm a significant body of clay hosted REE within ChemX’s tenements and will assist to rapidly advance our tenement geological modelling program. As an integral part of the REE study program, the Australian Nuclear Science Organisation (ANSTO) is undertaking a testwork program to determine the optimum conditions for liberating the REE from the clay host materials.These REE results, together with several other regional discoveries are very positive for future development options.”
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Overview
ChemX Materials (ASX:CMX) is a critical materials company developing innovative processing technology to produce high purity alumina for advanced technology and clean energy applications.
ChemX Materials’ 100 percent owned, Australian patented HiPurA® process technology offers a low cost and energy intensity production method to produce high purity alumina (HPA).
HPA is used in advanced technology and clean energy applications including lithium-ion batteries, LEDs, semiconductors and synthetic sapphires. Synthetic sapphires are critical in the production of applications such as smart watches, iPhones and laptop screens.
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Critical materials company developing innovative, processing technology to produce high purity alumina for advanced technology and clean energy applications.
