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HiPurA® HPA Pilot Plant Early-Stage Commissioning Commenced
ChemX Materials Limited (ASX:CMX) (ChemX or the Company), an Australian high purity critical materials developer, is pleased to announce that it has begun early-stage commissioning of the leach circuit within the innovative HiPurA® High Purity Alumina (HPA) 24tpa Pilot Plant in O’Connor, Western Australia.
The leach circuit is a key part of ChemX’s unique flowsheet and comprises the first part of the patented, HiPurA® purification process. It takes the aluminous chemical feedstock and sufficiently upgrades its purity for the solvent extraction (SX) stage.
Figure 1 – CMX Operations Manager (Russell Vallis) pictured in front of the commissioned leach circuit
ChemX, CEO Peter Lee said: “Our 24tpa HiPurA® HPA Pilot Plant is starting to rapidly take shape, and we are pleased to have commissioned the leach circuit. Achieving this milestone delivers on our commitment to commence early-stage commissioning in Q2 of the 2024 calendar year”.
“Structural, mechanical, piping (SMP) activities are progressing well with electrical and control infrastructures accelerating ahead. As with any project integration, key work scopes require careful planning and the HiPurA® HPA Pilot Plant is on track to achieve operational readiness toward the end of the next quarter”.
” We look forward to sharing further commissioning updates in the coming months as we advance towards full Pilot Plant commissioning”.
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.
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ChemX Materials
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.Company Highlights
- ChemX Materials Limited (ChemX Materials) is an Australian company developing an innovative, processing technology to produce high-purity alumina (HPA), this process is called HiPurA®.
- ChemX Materials owns 100 percent of HiPurA® and was granted an Australian patent for this technology in January 2024.
- High purity alumina is used in advanced technology and clean energy applications including lithium-ion batteries, LEDs, semiconductors, smart watches and iPhones.
- The HiPurA® process is modular, scalable and uses a readily available aluminous chemical as its feedstock, therefore is not reliant on mine production offtake, all of which enable the technology to be deployed close to end users' manufacturing operations.
- ChemX Materials has proven HiPurA® can produce above 4N (99.99 percent) high purity alumina at micro plant scale. This testwork indicates HiPurA® is low in cost and energy intensity.
- ChemX Materials is constructing a pilot plant to demonstrate HiPurA® can work at scale, which is the next step towards commercialisation. The pilot plant construction is underway and on track for commissioning in June 2024.
Key Business Segments
High Purity Alumina Processing Technology - HiPurA®
ChemX Materials is developing an innovative processing technology to produce high-purity alumina (HPA). This process is called HiPurA®. ChemX Materials owns 100 percent and holds an Australian patent for HiPurA®. ChemX Materials has proven HiPurA® can produce above 4N (99.99 percent) pure HPA at micro plant scale. This test work has also demonstrated that HiPurA® is superior compared to alternative technologies, offering several advantages, including:
- Lower costs – both capital and operating.
- Independent feedstock - – process is not tied to mine production and uses a readily available aluminous industrial chemical.
- Easily scalable – production output can increase based on demand.
- Modular – can be built near end users’ manufacturing operations.
- Optionality – patented technology can be licenced to end users.
- Lower carbon footprint – technology is not energy intensive.
HPA has several applications, the most important being lithium-ion batteries used in electric vehicles (EVs) and energy storage applications. HPA is used in the coating of the battery separator to enhance safety and performance. The outlook for EVs is very promising. With the adoption of EVs growing rapidly year on year as governments across the globe deploy domestic incentives and regulations to reduce the use of internal combustion engines to meet net zero targets.
HPA is also a key in the production of synthetic sapphire, which is used in LEDs, semiconductors, lasers, optical lenses and medical devices.
ChemX Materials has proven its HiPurA® technology can achieve above 99.99 percent (4N) HPA purity at micro plant scale. Following the technical success of the micro plant, ChemX Materials is constructing a 24 tpa pilot plant in Western Australia. The pilot plant is expected to be operational in June 2024.
In January 2024, ChemX Materials was granted an Australian Patent for its innovative HiPurA® technology. Based on the success of the Australian patent, it is anticipated that ChemX Materials will be afforded similar protections in other international jurisdictions. The patent is important as it provides intellectual property protection as ChemX Materials seeks to commercialise the technology globally.
HPA production from the pilot plant will be used for customer qualification and marketing purposes. ChemX Materials is actively pursuing commercial opportunities globally. Commercialisation options include:
- Build, own, operate a commercial scale plant to sell high purity alumina to end users.
- Licence the HiPurA® technology for deployment at end users’ manufacturing locations.
High Purity Manganese Project
ChemX Materials is developing a high purity manganese project. The Jamieson Tank project is located on two exploration tenements, EL 5920 and EL 6634 in the Eyre Peninsula in South Australia. These tenements collectively cover an area of 718 km2.
ChemX Materials completed a 94-hole drill program at the Jamieson Tank project, totaling 6,164 metres and released its maiden Mineral Resource Estimate in September 2023. The Mineral Resource Estimate reported 13.1 Mt at 5.7 percent manganese, with 21 percent classified as Indicated and 79 percent classified as Inferred.
High purity manganese has essential applications in lithium-ion batteries as a cathode material. Manganese provides energy density, stability and lower costs and is a critical material for modern battery chemistries. As the world pursues decarbonisation it is forecasted that the demand for manganese will grow.
With the objective of the United States Inflation Reduction Act (IRA) to reduce its reliance on Chinese sources of critical minerals, by 2025, the Jamieson Tank project is an important prospect. China currently supplies around 95 percent of the global manganese sulphate.
The South Australian jurisdiction offers excellent infrastructure. The Jamieson Tank project is in a province that is characterised by rapidly growing renewable energy infrastructure (wind, solar and hydrogen) and access to a local skilled workforce. The Jamieson Tank project is accessible by road, approximately 160 kms from the port of Whyalla and near a major regional airport.
The tenements in which the Jamieson Tank project is located also host kaolin and rare earth elements (REE) deposits. The area has historically been well known and explored for its potential for kaolin. The Kelly Tank exploration target is estimated to be 55 - 130 Mt of extractable kaolin.
In 2022, ChemX Materials undertook a drilling program and identified REE hosted within the kaolin throughout the tenements. The drilling program intersected high-grade REE mineralisation with intervals of up to 5 metres @2,468 parts per million total rare earth oxides from 7 metres. Importantly, it remains open in various directions, providing potential exploration upside for future drill programs.
Management Team
Peter Lee – Chief Executive Officer
20+ years’ experience across mining, metals processing and chemical industries within Canada and Australia. Lee has held technical leadership roles with companies including Rio Tinto, BHP, Roy Hill and WSPGolder. He is an expert in refining and electrochemical processes and a registered P. Eng Engineers and Geoscientists of British Columbia, Canada, and a member of AusIMM and AICD.
Warrick Hazeldine – Non-executive Chair
Warrick Haseldine has more than 20 years of experience across capital markets and strategic communications with a focus on battery materials. He is the co-founder of advisory firm Cannings Purple, and former chair and non-executive director of Global Lithium Resources Ltd (ASX:GL1). Hazeldine is currently a director of Surfing WA, advisory board member of Curtin University, and a non-executive director of Purple.
Stephen Strubel – Non-executive Director and Company Secretary
Stephen Strubel is the company founder with 20 years’ experience in finance and corporate governance. Struber held a senior leadership role with Patersons Securities and has been a director and company secretary for ASX-listed companies. He holds a bachelor’s degree in banking and international trade from Victoria University and an MBA from the Australian Institute of Business.
Alwyn Vorster – Non-executive Director
Alwyn Vorster has 30+ years’ experience in the resources industry, spanning several commodities including rare earths, iron ore, bauxite, potash and salt. Vorster has several senior leadership positions including chief executive officer of Hastings (ASX:HAS) and managing director of BCI Minerals (ASX:BCI) and Iron Ore Holdings (ASX:IOH). Vorster is currently non-executive director of Lindian Resources (ASX:LIN) and Arrow Minerals (ASX:AMD).
St. George Signs MOU with SKI HongKong for Araxa Niobium Project
St. George Mining (ASX:SGQ) said on Monday (October 21) that it has entered into a non-binding memorandum of understanding (MOU) with global steel materials trading house SKI HongKong for a potential strategic partnership to advance the Araxa niobium-rare earths project, located in Brazil.
“The MoU establishes a general framework for collaboration on marketing, offtake and financing aspects of the project with the aim of progressing feasibility studies for a mine development,” the company said.
St. George announced plans to acquire Araxa in August, and shareholders voted in favor of the deal on October 8. Currently the company is working on the final steps required to complete the transaction.
The Araxa acquisition comes by way of the purchase of a subsidiary of Itafos (TSXV:IFOS,OTC Pink:MBCF).
Under Monday's agreement, St. George and SKI HongKong will consider and negotiate a potential binding partnership to further support the development of the project within nine months of signing the MOU. Key project development parameters such as product mix and global marketing arrangements will be discussed during this time.
“SKI is an impressive strategic partner for St George, based on its substantial trading track record in steel materials and its particular industry-leading expertise in niobium products,” said John Prineas, executive chairman of St. George.
The companies will also discuss offtake arrangements, with SKI HongKong potentially securing 20 percent of niobium products produced by Araxa. Currently, the compay exclusively sources niobium products from Canada's Niobec mine.
SKI HongKong may also provide funding for St. George via an investment or offtake prepayment.
Araxa is adjacent to CBMM's flagship niobium mine, which produces 80 percent of the world's niobium.
High-grade rare earths and phosphate mineralisation has been confirmed at the project via drilling.
St. George is planning to produce sample niobium products in the first quarter of 2025 using the Araxa pilot plant, depending on specifications to be agreed with SKI HongKong and the results of product testing by SKI HongKong.
The first stage of on-the-ground exploration work is set to commence before the end of this year. St. George has assembled a highly experienced team in Brazil to oversee the process.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
High-grade Figueira Resource Improves Financial Metrics of the Caldeira Scoping Study
Meteoric Resources NL (ASX: MEI) (Meteoric or the Company) encloses a replacement ASX release relating to the updated Caldeira Scoping Study released today. The updated announcement corrects Figures 2 – 7 that data had formatting issues.
Meteoric Resources NL (ASX: MEI) (Meteoric or the Company) is pleased to announce an update to the Scoping Study (Study) results on its Caldeira Rare Earth Ionic Clay Project (Caldeira Project or the Project) (see ASX release on 8 July 2024) following the updated Mineral Resource Estimate (MRE) for the Figueira deposit (see ASX release on 5 August 2024).
The financial metrics of the Project have improved with the inclusion of the high-grade Figueira resources into the Study’s 20-year mine plan increasing NdPr production and reducing operating costs. In addition, rare earth element (REE) spot prices have been adjusted, to include the current pricing (NdPr US$60/kg). All other variables contained in the Study remain in line with previous Scoping Study.
HIGHLIGHTS
Significantly improved financial outcomes throughout the Life of Mine (LOM)
- Improved project economics based on a 20-year LOM, maintaining Adamas pricing forecasts (discounted by 40%) highlight the robust nature of the Caldeira Project and deliver:
- Increase in Pre-tax NPV8% of 14% to US$1,403M
- Pre-tax IRR increases 6% to 40.4%
- Pre-tax payback of 2.2 years
- NdPr C1 Cash Cost (Opex)1 reduces by 4% to average US$16.84/kg over the first five years and US$20.41/kg LOM
- At current spot prices the Calderia Project generates an IRR of 22% with a payback of 3 years.
Improved production profile with the inclusion of high-grade tonnes from Figueira
- NdPr production increases by 4% to 18,109 tonnes in first five years with LOM increasing by 7% to 63,899 tonnes
- Total REO production increases by 3% to 57,258 tonnes in the first five years and 7% to 193,584 tonnes LOM
- Project Opex reduces by 3% to an industry leading US$6.74/kg of recovered TREO in a Mixed Rare Earths Carbonate (MREC) over a 20-year LOM
- Annualised production of 11.5kt TREO over first five years with LOM average production of 9.7kt TREO comprised of 33% NdPr and 1% DyTb
- Higher confidence in the mine schedule which is now based 100% on Measured and Indicated Resources for the LOM
Table 1: Recovered Oxide tonnes in MREC by year
Outstanding project growth potential
- Extension of the currently modelled 20-year mine life is highly likely based on the current global resource estimate of 740Mt @ 2,572ppm TREO of which only 13.5% is included in the Study mine schedule
- Strong scope for the expansion of future processing capacity as additional Mineral Resources are identified through further exploration success
- Significant upside potential for additional high-grade mineralisation (>4,000ppm TREO) early in the LOM with 90% of project licences yet to be explored and assessed
Pre-Feasibility Study on track for completion in the second half of FY2025
Meteoric Chief Executive Officer, Nick Holthouse said,
“As expected, the addition of Figueira tonnes has further improved the financial metrics of an already outstanding low cost REE development project.
The simple combination of outstanding metallurgical recoveries and additional high-grade feed from the recently announced Figueira resource cements the Caldeira Project as a low cost, environmentally friendly producer of significance for REEs to a growing supply chain of downstream industries and OEMs.
All key work programs for the Pre-Feasibility Study, including Permitting, Engineering, and Metallurgical and Resource development continue to advance on schedule. This also Includes the recently approved scoping study level separation test work with ANSTO, important to our longer term ambitions of moving further downstream beyond Mixed Rare Earth Carbonates and into separated Rare Earth products.”
Click here for the full ASX Release
This article includes content from Meteoric Resources, 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.
Australian Strategic's Dubbo Rare Earths Project Gets AU$5 Million Federal Government Grant
Australian Strategic Materials (ASX:ASM,OTC Pink:ASMMF) said it has been awarded AU$5 million under the Australian government’s International Partnerships in Critical Minerals (IPCM) Program.
IPCM is an AU$20 million program launched this year to “support early to mid-stage critical minerals projects that contribute to building end-to-end supply chains with Australia’s international partners in the critical minerals sector.”
Australian Strategic will use the money received to support work to identify potential lower-capital and shorter-implementation pathways to rare earths production at its Dubbo project in New South Wales.
The amount is in addition to a AU$6.5 million grant received by Australian Strategic from the government’s Critical Minerals Development Program last year. It was provided for the advancement of project design elements.
The company said the new funds recognise its strategic importance as a future producer of rare earths and critical minerals such as zirconium, niobium and hafnium, which are key to the defence industry.
Australian Strategic said that it will match the grant to further support activities at Dubbo.
“With this funding, we will be able to undertake important work to identify lower capital and shorter implementation pathways to unlock rare earth production at the Dubbo Project and ensure a focused completion of our final FEED,” said Australian Strategic Managing Director and CEO Rowena Smith, while thanking the Australian government for its support.
“Government support to refine rare earths is important for our sovereign capabilities and will help our trading partners meet their economic, national security and emission reduction commitments,” said Madeleine King, minister for resources and minister for Northern Australia, in a separate statement on Tuesday (October 15).
In March of this year, Australian Strategic also received a non-binding letter of interest from the Export-Import Bank of the US regarding up to US$600 million in debt funding to support the project’s construction.
Located approximately 400 kilometres northwest of Sydney, Dubbo is expected to deliver up to 1,000 local jobs during the construction period and approximately 270 jobs once operational.
Australian Strategic is targeting a final investment decision for Dubbo within the first half of 2026.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Appointment of TritonLake as Global Corporate and Financial Advisors to Drive Business Partnerships and Global Growth Footprint
ChemX Materials Limited (ASX:CMX) (ChemX or the Company), an Australian high purity critical materials company and 100%-owner of the HiPurA® patented process to produce High Purity Alumina (HPA) is pleased to advise it has appointed TritonLake to act as the Company’s Corporate Advisors.
- ChemX Appoints TritonLake as Global Corporate Advisors
- ChemX proceeding with Pilot Plant Construction for HPA production at Scale
- International Focus for Joint Venture Offtake, Strategic Partnerships & Investors
ChemX is commercialising its unique HiPurA® technology producing HPA and other aluminous products from a chemical feedstock, independent of mine production, thereby potentially reducing project risk and approval lead times. Importantly, ChemX has the opportunity to co-locate future production facilities with offtake partners in key markets.
Under the agreement, ChemX will have access to TritonLake’s network of global partners and investors as it moves forward with its final phase of pilot plant construction and commissioning.
A detailed summary of the corporate advisory mandate is set out in Schedule 1.
TritonLake CEO Conor Smyth Commented: “It is a pleasure to be working with ChemX as it takes its patented HPA production process forward to realise its global potential. The attractiveness of a high purity alumina process to be deployed in key markets including USA, Europe and South-East Asia has the potential to integrate into supply chains for the next generation of technology and consumer applications across AI Semiconductors and Micro LEDs.”
TritonLake’s appointment comes at a key time for critical materials as the world seeks to harness the high value materials to drive the AI and energy revolution. HPA and Synthetic Sapphire serve a key purpose in providing chemical inertness in high value applications whether in Semiconductors, Micro LEDs or Optical devices.
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.
Results of General Meeting
In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, CuFe Ltd (ASX: CUF) (CuFe or the Company) provides the results of its General Meeting of Shareholders held at 2:00pm (WST) on 10 October 2024, as set out in the attached schedule. The Company advises that the resolution was passed and decided by way of a poll.
The Company confirms that receipt of shareholder approval of the transaction (as referred to in the ASX Announcement of 26 August 2024), satisfies a key condition precedent. The Company is working with the purchaser Newcam Minerals Pty Ltd to finalise the remaining conditions precedent. Completion is expected to occur this month.
This announcement is intended to lift the trading halt requested by the Company on 10 October 2024 in relation to its securities.
Announcement released with authority of the CuFe Board of Directors.
Click here for the full ASX Release
This article includes content from CUFE LTD, 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.
CuFe Ltd (ASX: CUF) – Trading Halt
Description
The securities of CuFe Ltd (‘CUF’) will be placed in trading halt at the request of CUF, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 14 October 2024 or when the announcement is released to the market.
ASX Compliance
Click here for the full ASX Release
This article includes content from CUFE LTD, 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.
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