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Hexagon Resources gains new substantial shareholder in UBS Group

Hexagon’s ongoing test work is delivering excellent technical outcomes for the McIntosh joint venture project in WA.

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The milled products could potentially be used in new-age batteries

Hexagon Resources Ltd (ASX:HXG) has a new substantial shareholder in UBS Group AG and its related entities which have acquired a 5.78% stake.

Initial shareholder status was reached on April 29, 2019, with the acquisition of about 16.86 million shares.

READ: Hexagon Resources tests show potential for standalone downstream graphite processing

Hexagon’s ongoing test work is delivering excellent technical outcomes which have potential to underpin a standalone downstream graphite processing business.

Extensive test programs are focused on particle milling and micronisation technologies and the production of ultra-fine materials using graphite from the McIntosh joint venture project in WA.

This work is also assessing the utilisation of these milled products in new-age batteries.

Quick facts: Hexagon Energy Materials Ltd

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ASX:HXG
Market: ASX
Market Cap: $17.55 m
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