ChemX Materials (ASX: CMX), has announced a maiden resource on its 100% company-owned Jamieson Tank deposit, located 150km from the infrastructure rich Port of Whyalla, South Australia.
CEO Peter Lee commented: “ChemX is pleased with the delivery of this maiden MRE for the Jamieson Tank manganese deposit, the first of four manganese prospects within the South Australian 100%-owned tenements, and today represents a key milestone for the company’s shareholders.
The company’s maiden mineral resource of 13.1Mt at 5.7% Mn has been established with a recent drilling programme. The results show significant potential upside with ~70% of the identified Jamieson Tank strike awaiting further extensional drilling of high grade, near surface targets. Additionally, test work shows the shallow resource has excellent upgrade characteristics.
Test work has demonstrated excellent upgradability through gravity and magnetic separation and ChemX is moving swiftly to execute a follow up drill program to bolster this maiden MRE initial holes intersected high grade zones of +20% Mn in the following drill holes.
ChemX Materials has employed an experienced global engineering firm, Wood, to lead internal scoping study on high purity manganese battery grade products.
“Importantly, the company expects to grow the mineral resource in grade and scale following the planned summer 2023/24 drilling programme. This mineral resource defines a solid foundation for further strategic project advancement including internal scoping studies and mine optimization plans, supported by the development of high purity manganese sulphate products for the global battery market. These studies will be supported by Wood (internal scoping study) and CSA Global (mine optimization plan).”
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