Manganese Drilling Campaign Completed

ChemX Materials Ltd (ASX:CMX) (ChemX or the Company), a materials technology company focused on providing the critical materials required for electrification and decarbonisation, is pleased to announce the completion on the reverse circulation percussion (RCP) drill program over the northern extent of the Company’s Jamieson Tank manganese project on tenement EL6634 in South Australia as illustrated in Figure 1. The program comprised 94 RCP drill holes for a total of 6,164 metres, with samples collected predominantly on 1m intervals and submitted to an external laboratory for preparation and analysis.

• 94 Drill hole program completed on the Jamieson Tank deposit
• Logging completed with manganese intersections - drill assay results pending – downhole geophysics continuing
• Mineral Resource estimate targeted before the end of the June Quarter 2023
• Following an initial scope of work, CSA Global will complete the maiden JORC Resource for the Jamieson Tank Project
• ChemX objective is to develop an attractive business case for the development of a battery grade manganese project

RCP drill rig on location – EL6634

Drilling has resulted in an approximate 200m by 25m drill grid over the 2km strike length. Refer Figure 1 below for drill hole location plan.

Figure 1: Jamieson Tank drill hole and Exploration Target location plan

CEO Mark Tory commented:“The completed manganese drill program in South Australia is an important milestone for ChemX and we are looking forward to announcing our maiden mineral resource before the end of the June quarter 2023. The Company is also continuing to progress its High Purity Alumina (HPA) test work with recent visits from state and federal politicians and potential investors demonstrating the high level of interest in the HPA product.”

Assay results from the drilling program should be received in batches by the Company over the next six weeks. As these results are received by ChemX they will be released to the market.

The purpose of the drill program was to test the Exploration Target (ASX Announcement 27 July 2022), establish a robust geological control of the manganese mineralisation and produce an initial Mineral Resource Estimate, expected to be finalised before the end of the June quarter 2023.

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