ChemX Materials releases maiden MRE for Jamieson Tank

ChemX Materials (ASX:CMX) has released a maiden mineral resource estimate (MRE) for its Jamieson Tank deposit in South Australia.

The maiden MRE reads 13.1mt at 5.7% manganese with 21% of the resource in the indicated category and 79% in the inferred category. It was established via a recent drilling program with ERM Australia Consultants, with both companies working together to execute a 6000m infill reverse circulation drilling program.

Further, gravity and magnetic separation testwork demonstrated an opportunity to upgrade the mineral resource estimate through follow up drilling.

Chief executive Peter Lee said the company is pleased with the release of the maiden mineral resource estimate.

“ChemX is pleased with the delivery of this maiden mineral resource estimate for the Jamieson Tank manganese deposit and today represents a key milestone for the company’s shareholders,” he said.

“This mineral resource defines a solid foundation for further strategic project advancement including internal scoping studies and mine optimisation plans, supported by the development of high purity manganese sulphate products for the global battery market.

“Importantly, the company expects to grow the mineral resource in grade and scale following the planned summer 2023/24 drilling program.”