ChemX Materials Ltd (ASX: CMX), a company focused on high-purity critical materials, has announced its decision to proceed with the construction of the HiPurA HPA Pilot Plant in O'Connor, Perth, Western Australia. To ensure improved flowsheet design and operability, the company has employed Fremantle Metallurgy, a specialist in metallurgical processing and flowsheet development, for the construction of the Pilot Plant.
Construction of the optimized Pilot Plant, based on industry feedback, is set to begin in June 2023. The Pilot Plant has been resized to a single train configuration, producing 24 tons per annum (tpa), resulting in a significant cost reduction of AU$600,000 in CAPEX compared to the original Prospectus forecasts of AU$2.5 million. The primary purpose of the Pilot Plant is to generate sufficient High Purity Alumina (HPA) for customer qualification at the 4N/5N level.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.