ChemX Materials Limited announced that the maiden exploration drilling on its Eyre Peninsula tenements in South Australia has been completed. Kimba Kaolin /Halloysite Project: The maiden exploration program at the Kimba Kaolin /Halloysite project achieved the aims of identifying the lateral and depth extent of the Kelly Tank kaolin deposit and extending the mineralisation at Bunora and Bunora East, as well as testing several new areas for mineralisation. Whilst ground conditions following recent flooding in South Australia resulted in a reduction of total metres drilled (3,361m), initial results were very positive.

A significant number of kaolin intersections show visually apparent whiteness and low grit content for the majority of the length of the holes, and to depths exceeding 50m in places. The drill samples will now be assayed and tested for brightness and physical characteristics to enable the identification of the applicable markets and potential industrial uses for the material. The program also drilled a new zone in the project which delineated a potential new deposit at Bunora South.

The depth of kaolin mineralisation was found to correlate with higher topographies, with the longest intercepts being associated with the higher elevations. The Company has gained a substantial amount of information about the deposits, their geology, their potential size and consistency. The depth of the mineralisation was found to be significantly greater than had been indicated by previous drilling in some areas and in particular at Bunora East, the intersections of kaolin were generally very consistent.

Jamieson Tank Manganese Project: The intent of the drilling at Jamieson Tank was to identify the nature and extent of manganese mineralisation and generate sample material for metallurgical testwork for development of manganese cathode precursor material for the lithium battery market. Both of these aims were achieved, with a further understanding gained of the geological setting and a large quantity of fresh material recovered for metallurgical testwork. The drill samples will now be assayed, with follow up geological work to be undertaken as required following receipt of the assay results.

The focus for the project is the development of a manganese cathode precursor material. Achieving a representative sample to advance the metallurgical testwork was also a key target of the program. ChemX now has a significantly improved geological knowledge of the kaolin and manganese distribution across the mineralised areas.

The drilling program targeting multiple areas using both Air Core (AC) for the kaolin and AC plus Down Hole Hammer for the manganese, has provided a large volume of material for laboratory analysis and metallurgical testwork. Preparation of samples for multiple analyses is currently underway, with assays expected in six to eight weeks subject to laboratory turnaround times. Reported regional exploration for Rare Earth Elements (REE) has identified a possible regional geology that is amenable to hosting REE and importantly ionically adsorbed REE associated with kaolin and other clays.

REE potential will be investigated as part of the assay analysis for each of the ChemX kaolin prospects as well as the samples obtained from Jamieson Tank. The Company notes that the Granitic rocks within the ChemX tenements, the precursors of the associated residual kaolin deposits, may (or may not) host mineral species containing REE, as recently reported from nearby tenements.