The options are valued at $0.25 each and the total consideration was $750,000.
Hazer shares were last trading at $0.53.
Pocock now holds an 8.17% indirect interest in the company, amounting to 7.2 million shares, up from 4.2 million.
The interest is held primarily through Ooffy Prosser Pty Ltd with 6.7 million shares while Pocock’s spouse Maria Pocock holds 500,000 shares.
Director Danielle Lee exercises options
Director Danielle Lee also exercised 150,000 options at $0.25 each for total consideration of $37,500.
The company has developed the Hazer Process, which enables the effective conversion of natural gas and similar feedstocks, into hydrogen and high-quality graphite, using iron ore as a process catalyst.
Mineral Resources will fund all commercial development, with Hazer providing intellectual property and technical assistance.
Initial focus on pilot scale facility
The initial focus of the collaboration will be on a pilot scale facility capable of producing one tonne per annum of high quality graphite suitable for high value applications including lithium ion batteries.
The agreement is a significant commercial milestone for Hazer and is expected to accelerate the commercial deployment of the Hazer Process.