June 2023 Quarterly Activities Report

ChemX Materials Ltd (ASX: CMX) (ChemX or Company), an Australian based high purity critical materials business, is pleased to present its June 2023 quarterly report. The Company is developing a High Purity Manganese (HPM) Project on the Eyre Peninsula in South Australia along with its High Purity Alumina (HPA) Project in Perth, Western Australia.

• Manganese exploration campaign on Eyre Peninsula, South Australia delivers impressive results
• Assay results completed targeting Initial Maiden Mineral Resource
• Maiden Mineral Resource Estimate (MRe) which is being undertaken by ERM Australia Consultants Pty Ltd, trading as CSA Global with results pending.
• High Purity Alumina (HPA) resized pilot plant design approved
• Ongoing engagement with global electrical vehicle (EV) supply chain via USA and European roadshows.

During the quarter, the Company received assay results from its manganese exploration campaign conducted at Jamieson Tank deposit. The campaign was focused on infill drilling the northern-most 2.2km of strike along the 6.6km strike of the exploration target (see ASX release dated 27 July 2022) which was delineated following the 2022 exploration campaign and analysis of the historical drilling result by previous tenement owners. In total, 94 Reverse Circulation (RC) holes were drilled for a total of 6,164 metres. Importantly, the campaign added significantly to the geological understanding of the manganese deposit.

Figure 1: Jamieson Tank cross-section 6297000 mN, in the southern strike area

Observations in the field and geological logging identified the mineralisation as occurring as continuous bands in a relatively shallow sequence of banded iron formation (BIF), 200m wide and extending over 2km. Manganese mineralisation occurs across the entire 6km of strike, representing open opportunity for further exploration.

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