ChemX Materials announced that exploration drilling has commenced at its Eyre Peninsula projects in South Australia. As advised on 31 January 2022, JR McLeod is undertaking the drilling program on both the Kimba Kaolin /Halloysite and Jamieson Tank Manganese projects. The maiden exploration program, expected to run for four to six weeks, has broadly identified the extent of the mineralisation at the Kelly Tank deposit with 863m drilled during the first two days.

Mineralisation was identified at depths greater than expected, with the deepest interval being 51m. Kimba Kaolin /Halloysite Project: The Kimba Kaolin /Halloysite drilling program is expected to consist of 109 holes for up to 4,000m of drilling. The intent of the program is to provide a more accurate picture of the extent of mineralization at Kelly Tank, Bunora and Bunora East prospects as well as enabling assaying and testing of several newly identified areas of kaolin mineralisation that have not been adequately explored previously.

In addition to the kaolin assaying and physical property test work, analysis will also be undertaken on the quantity and distribution of halloysite across the deposits. Jamieson Tank Manganese: The Jamieson Tank Manganese drilling program is planned to have 61 holes for a total of 2,300m drilled and will be completed following the Kimba Kaolin /Halloysite drilling program. The focus at Jamieson Tank shall be on infilling between previously identified mineralization and stepping out to test the parallel structures to the east.

Manganese testwork shall be conducted, focusing on the development of manganese cathode precursor materials. Initial testwork is currently underway on samples from previous exploration. Samples from ChemX's maiden drilling program will allow larger scale testwork to be conducted.

The results of this maiden exploration program will provide the foundation for future activities, testwork and overall development studies on the projects, as well as providing vital information to assist with marketing to potential customers. ChemX looks forward to completing its maiden drilling program and gaining a deeper understanding of the mineralisation across its tenements in the Eyre Peninsula, South Australia.