Australia's ChemX Materials surges on kaolin mineralisation in SA project

ChemX Materials

07/10/2022 03:11

** Shares of Australia's ChemX Materials  CMX.AX  rise as
much as 11.8% to A$0.19, their highest since Sept 21
    ** Material technology firm announces drill results at its
Kimba Kaolin-Rare Earth Elements (REE) project on the Eyre
Peninsula in South Australia  urn:newsml:reuters.com:*:nASX8D8wn6
    ** Says final assays from Kaolin-REE targets further confirm
potential for "world-class" Kaolin deposits
    ** Perth-headquartered co adds drill hole results assayed at
near pure Kaolinite grades, have very low contained deleterious
elements
    ** Stock posts its biggest intraday pct gain since Sept 15
    ** Stock up 14.71% so far this week after two consecutive
weeks of losses
    ** As of last close, stock had fallen 15% since January IPO
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))