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Hexagon Resources Ltd

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.

ASX boards
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 Resources Ltd

Price: $0.06

Market: ASX
Market Cap: $17.22 m
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