Nice write up by st o ck head today about cmx
CHEMX MATERIALS (ASX:CMX)
ChemX has a fair few irons in the fire, with kaolin, high purity alumina, manganese and rare earths all on its mind.
Its most recent step has been to take former Northern Minerals (ASX:NTU) CEO Mark Tory on board as its CEO, with Global Lithium Resources (ASX:GL1) chair Warrick Hazeldine also stepping into the fray as its new chair.
The company is looking into the prospect of developing a high purity manganese sulphate monohydrate plant in South Australia, leveraging the prospectivity of the Eyre Peninsula for the material.
If that seems like a mouthful, abbreviate it like the pros. HPMSM is a form of 99.8% or so pure manganese chemical used in lithium ion batteries.
And it is a type of product where the market’s biggest players see high levels of growth this decade thanks to the march of the electric vehicle sector.
ChemX kicked off a 5000m plus drill drive at its Jamieson Tank project in SA in January, with the eight week project planned to give the company the confidence to post a maiden mineral resource on its battery manganese assets.
An ‘advanced metallurgical test work program’ is ongoing.
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