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Hexagon Resources Ltd

Hexagon Resources Ltd

Hexagon Resources Ltd (ASX:HXG) has a focus on high purity flake graphite.

Hexagon Resources Ltd

www.hexagonresources.com

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Hexagon Resources Ltd Snapshot

Hexagon Resources Limited is an Australian based exploration company focusing on the delivery of exceptional high purity and highly crystalline flake graphite for use in new technologies.

The primary focus for Hexagon is the development of the McIntosh Flake Graphite Project in the East Kimberley, Western Australia. Mineralisation is hosted within a graphitic schist unit that extends through Hexagon’s tenements which cover an area of 330 km2. The tenements are logistically well placed and extend to the Great Northern Highway affording direct access to infrastructure and the port of Wyndham, 280km to the north.

Within Australia, Hexagon also has exploration rights for tenements at Halls Creek in the East Kimberley targeting gold and base metal mineralisation and in Valla, northern New South Wales targeting molybdenum/silver mineralisation. Hexagon also has three flake graphite projects in South Korea Geumam, Taewha and Samchoek.

AUSTRALIA

DEVELOPMENT FOCUS


Hexagon’s flake graphite project (McIntosh) is located approximately 100 km north of Halls Creek in the East Kimberley, Western Australia.

The Valla Molybdenum project is located near Nambucca Heads in northern New South Wales.




MCINTOSH FLAKE GRAPHITE PROJECT

The McIntosh Project is a tenement package covering an area of 330km2 located in the East Kimberley region of Western Australia approximately 190km north-northeast of Halls Creek.

The McIntosh Flake Graphite Project is currently Hexagon’s primary focus with an existing resource of 7.13Mt @ 4.73% at Longtom and a diamond drilling program completed in 2015 that is expected to add considerably to the McIntosh Resource.


Figure 1: Final processed VTEM supermax imagery (channel 49BZL) with target location names


(click here for more information on this project)


HALLS CREEK GOLD-COPPER PROJECT


The Halls Creek Project is covered by three exploration licences and eight prospecting licences covering a total area of 651 km2 over the East Kimberley Mineral Field, near Halls Creek. The tenements extend up to 20 km to the northeast, 25 km northwest and 20 km north of Halls Creek (Figure 1) and cover diverse mineralization styles occurring in a number of prospects, including:

  • Lady Helen and Townsite gold silver prospects occur to the north and east of the Loadstone monzogranite and are associated with WNW – ESE trending brittle shears mapped by the Geological Survey of Western Australia (GSWA). The mineralization is represented by epithermal – style siliceous lodes grading up to 62 g/t Au and 63 g/t Ag at Lady Helen prospect (Figures 2A & B) and 26.1 g/t Au, 22 g/t Ag, 2.6% Pb at Townsite prospect (Figure 3A).
  • Granite gold copper prospect is represented by sheeted quartz veining occurring on the northern edge of the Loadstone monzogranite. The mineralization occurs within a pervasively hydrothermally altered granite host and exhibits potential affinities with a copper-gold style of mineralization associated with the monzogranite intrusive.
  • Bent Ridge gold copper prospect represents multi-phase gossanous quartz veining (Figure 3B) associated with a significant inflection in the Caroline Fault representing a major fault splay off the Halls Creek Fault. The structure is associated with pyrophyllite and fuchsite – carbonate alteration representing significant alteration styles associated with hydrothermal gold –copper – silver mineralization.
  • Potential for volcanic hosted massive sulphide (VHMS) base metal mineralisation, associated with the felsic to intermediate volcanic and volcaniclastic Koongie Park Formation, is afforded by the tenement package that includes up to 20 km strike length of the fertile volcanic stratigraphy that contains known VHMS mineralization at Sandiego and Onedin (exclusions) to the south. VHMS prospects representing immediate exploration targets within the tenements include Banjo, Ukelele and Highway prospects.
  • The Milba Formation, occurs to the east of the Koongie Park Formation and represents an earlier volcanic regime based on GSWA geological mapping. Base metal mineralization occurs within stratigraphically equivalent rocks at the Little Mt Isa and Ilmars base metal prospects, immediately to the north of the tenements. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.


(click here for more information on this project)


VALLA MOLYBDENUM PROJECT

The Valla Project is located 40km south southwest of Coffs Harbour and west of Nambucca Heads in northern New South Wales.

Rock chip sampling at Marriott’s aggregate quarry (below), occurring near the contact of the Valla Adamellite, has confirmed the presence of Mo values (assays >1% Mo) with the tenor of mineralisation apparently increasing with depth. Strongly anomalous molybdenum values (>100 ppm Mo) occur over a strike length of 400 metres within the quarry and are associated with a largely untested west-northwesterly trending fault. Grades of up to 10% molybdenum have been achieved by Niton XRF analyses (EL6702 Annual Report – 2010-11 submitted to the NSW Dept. of Mines).

Anomalous Mo geochemical values in stream sediment samples have highlighted additional areas that contain known veinlet and disseminated molybdenite mineralization within the adamellite and are considered to be prospective for stockwork vein style molybdenite mineralization.


Figure 1: Valla project showing Marriott’s quarry and high grade molybdenum mineralisation (inset)


(click here for more information on this project)


SOUTH KOREA


PROJECTS LOCATION

The Geumam graphite deposit is located 67km southwest of Seoul and 4km north of the township of Dangjin, in Dangjin County of Chungcheongnam-Do Province. The Taehwa graphite deposit is situated 79km east-northeast of Seoul and 10km southeast of the city of Chuncheon, in Hongcheon County of Gangwon-Do Province, and the Samcheok graphite project is situated approximately 215km east of Seoul on the eastern seaboard of Korea, about 13km southeast of the coastal town of Samcheok, in Donghae County of Gangwon-Do Province.




GEUMAM FLAKE GRAPHITE PROJECT

The Geumam graphite deposit is located 67km southwest of Seoul and 4km north of the township of Dangjin, in Dangjin County of Chungcheongnam-Do Province.

The terrain of the area is characterised by low lying eroded hills with elevations of less than 100m above sea level. Vegetation typically consists of dwarf pines, bamboo and thick scrub, with significant paddy rice cropping present in the area.


Figure 1: Location of the Geumam project, South Korea


(click here for more information on this project)


TAEWHA FLAKE GRAPHITE PROJECT


The Taehwa graphite deposit is situated 79km east-northeast of Seoul and 10km southeast of the city of Chuncheon, in Hongcheon County of Gangwon-Do Province.

The deposit lies in rugged, mountainous terrain that is well forested with conifers and oak trees.


Figure 1: Location of the Taewha project, South Korea


(click here for more information on this project)


SAMCHEOK FLAKE GRAPHITE PROJECT


The Samcheok graphite project is situated approximately 215km east of Seoul on the eastern seaboard of Korea, about 13km southeast of the coastal town of Samcheok, in Donghae County of Gangwon-Do Province.

The terrain of the Samcheok graphite project area is characterised by undulating hilly terrain. Elevations in the area range from sea level up to 140m.


Figure 1: Location of the Samcheok


(click here for more information on this project)



Last updated 19th January 2016.


Anthony (Tony) Cormack
Executive Director

Tony is a Geologist with 20 years’ experience in the exploration and mining industry in Western Australia. Tony has held a number of senior roles including Resource Development Manager with Atlas Iron and Geology Team Leader for BHP Billiton’s Area C project and has gathered experience in a broad range of commodities including gold, nickel, tantalum, graphite and iron.

Tony has a proven track record of taking exploration through to production; he was involved at a senior level with Aztec Resources at their Koolan Island Iron Ore project and a number of Atlas Iron’s Pilbara projects.

Tony has completed a Bachelor of Science (Applied Geology) at Curtin University in Perth, Western Australia and is a member of the Australian Institute of Mining and Metallurgy.

Tony brings strong operational experience to the board as Hexagon transitions from explorer to miner. In addition to his Director position, Tony is also Operational Management of all of Hexagon’s projects.


Neville Miles
Non-Executive Director & Chairman (acting)

Mr Miles is Singapore based, where he is currently COO of Invicara, an IT company providing solutions to the building industry. Mr Miles has extensive senior management experience, having run a variety of businesses for Siemens internationally for over 15 years. These include large operational businesses in a variety of fields and in a number of regions globally, including China.

Most recently, he was Head of SmartGrid Applications, Asia Pacific, where he dealt with energy storage and distribution (industrial battery storage and eCar) initiatives, among other things. Neville was also involved in M&A and JV activities throughout his time Siemens and has for more than 10 years been a sophisticated investor in the Australian small cap market.

Neville brings to the board a wealth of knowledge in a business strategy, strategy execution and marketing, as well as experience in building successful business in the Asia Pacific Region.



Garry Plowright
Non-Executive Director

Mr Plowright has extensive experience in the resource sector, having a background in mining law and administration, as well as regulatory process and mine development. Mr Plowright has held board and senior management positions in both Australia and South Korea.


Leni Stanley & Brent Van Staden

Joint Company Secretary



Last updated 19th January 2016.

Head Office
Level 16
344 Queen Street
Brisbane Qld 4000

Phone: (+61 7) 3221 6022
Fax: (+61 7) 3010 9001

Operations Office

Unit 4
20 Peel Road
O’Connor WA 6163

Postal Address

PO Box 15
Hamilton Hill WA 6963

Mobile: +61 4 2734 9451+61 4 2734 9451

BOARD OF DIRECTORS
Anthony (Tony) Cormack - CEO/Executive Director
Neville Miles - Non-Executive Director & Chairman (acting)
Garry Plowright - Non-Executive Director

COMPANY SECRETARY

Leni Stanley & Brent Van Staden

REGISTERED OFFICE

Level 16
344 Queen Street
Brisbane Qld 4000

GPO Box 363
Brisbane QLD 4001

Telephone
: +61 7 3221 6022+61 7 3221 6022
Facsimile: +61 7 3010 9001
Email: [email protected]
Website: www.hexagonresources.com.au

OPERATIONS OFFICE
Unit 4/20 Peel Road
O’Connor
Western Australia 6163

PO Box 15
Hamilton Hill WA 6963

Telephone: +61 427 349451+61 427 349451

SHARE REGISTRY
BoardRoom Pty Ltd
Level 7
207 Kent Street
Sydney NSW 2000

Telephone
: 1300 737 7601300 737 760
Facsimile: 1300 653 459
Website: www.boardroomlimited.com.au

ABN: 27 099 098 192



Last updated 19th January 2016.

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