Here is the Brown-Driver-Briggs (BDB) entry for this material, "onchya" found only in Ex 30:34 -
שְׁחֵ֫לֶת noun feminine an ingredient of the holy incense, + נָטָף,
חֶלְבְּנָה, Exodus 30:34; ᵐ5 ᵑ9 ὄνυξ, onyx (whence AV onycha), i.e.
unguis odoratus, the operculum, or closing-flap, of certain molluscs,
with pungent odour whenburnt, see Thes1388f. Di Shipley-CookEncy. Bib.
ONYCHA; so most; KG JacobZMG xliii (1889), 354 proposes amber.
שׁחן (√ of following; compare Arabic be hot, then inflamed; Aramaic
שְׁחַן, be warm, heat).
The more extended discussion in https://en.wikipedia.org/wiki/Onycha provides more background but we cannot be definitive here. As with many of these things the exact identification of some minerals and other materials is uncertain.