ChemX Materials: A curious and lucrative piece of the lithium battery pie!
ChemX Materials CEO Mark Tory on 6PR Bulls N' Bears Report
Listen to ASX-listed ChemX Materials CEO Mark Tory talk to Matt Birney on the Bulls N’ Bears Report about ChemX’ high purity manganese and alumina processing work and its latest manganese drill results.
TO LISTEN TO THE CHEMX MATERIALS AUDIO INTERVIEW - CLICK BELOW
ChemX is both a battery metals technologist and mineral explorer – the latter of which is based on the company’s Jamieson Tank manganese deposit on South Australia’s Eye Peninsula that it is planning to use as a feedstock to create a novel processing flowsheet for the creation of a high purity manganese product suitable for lithium batteries. ChemX is also creating a proprietary process for the creation of high-purity alumina based on a widely available aluminium salt feedstock.
RADIO INTERVIEW - TRANSCRIPT
Matt Birney - Welcome to Bulls N' Bears brought to you today by battery metals-focused company ChemX Materials.
Matt Birney - ASX code: CMX
Matt Birney - I'm Matt Birney and I'm joined now by the CEO of ChemX Materials, Mark Tory.
Matt Birney - Hi Mark.
Mark Tory - Hi Matt, thanks for having us.
Matt Birney - Okay so ChemX is developing two unique processing routes to develop both high-purity manganese and also high purity alumina, both battery metals.
Matt Birney - The company is also in the exploration business with its Jamieson Tank manganese deposit on South Australia's Eyre Peninsula that it is planning to use as a feedstock for its high-purity manganese process.
Matt Birney - Okay Mark, ChemX recently got some drilling results back from your Jamieson Tank manganese project. How many holes did you put down and what were the best numbers?
Mark Tory - Yes thanks Matt, we've put down 94 drill holes in our campaign that we just recently completed. We've got returned 39 of those drill holes are assay results.
Mark Tory - Some of the best results from there include six meters at 18.5 per cent manganese from nine meters down as well as three meters thickness at an average of 24.5 per cent manganese from only
15 meters down and 18 meters at 10.1 per cent manganese from only 10 meters down.
Matt Birney - When do you expect to get a maiden resource wrapped around Jamieson Tank?
Mark Tory - We're expecting to get the remainder of the results over the next few weeks, which we'll then send to CSA Global who will be preparing our maiden resource which we expect to get before the end of June.
Mark Tory - Now ChemX is developing two separate processing routes. One to create high-purity manganese and one to create high-purity alumina.
Matt Birney - What's the end game here? What does your ideal customer look like? What's the marketplace?
Mark Tory - The ideal customer is obviously in the battery material space which ends up with OEMs at the end of the day. Our high-purity manganese is waiting for that maiden JORC-compliant resource but we're continuing to do some lab-scale test work to firm up our flow sheet for the whole process which is both on the beneficiation and the hydrometallurgical side and the aim for us is to commence the PFS for a pilot plant on the HPM in the second half of this year.
Matt Birney - You recently signed an MoU with U.S. battery technology company C4V. Who is C4v? What do they bring to the table for you and what's the core of that MoU?
Mark Tory - C4V is a global leader in lithium-ion battery technology and is involved in some of the world's largest gigafactory developments including here in Australia.
Mark Tory - Our MoU with them is to enter the qualification process for our company's HPM project and work towards a potential off-take with them. They're a great partner to have on board.
Matt Birney - Mark Tory from ChemX Materials.
Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information not advice which you should of course seek independently.
Matt Birney - I'm Matt Birney and this is Bulls N' Bears.
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