The company has an interest in the McIntosh Flake Graphite Project in northern Western Australia.
() has been granted a trading halt by the ASX , pending a material announcement regarding the McIntosh Joint Venture.
The trading halt will remain until the beginning of normal ASX trading on Thursday, June 6, or when an announcement is released to the market, whichever occurs earliest.
The company aims to proceed to a feasibility study for its proposal to develop a standalone graphite purification and processing plant (GPPP).
This follows a positive scoping study which generated strong financial results highlighting the opportunity to deliver impressive margins by value-adding in the downstream graphite supply chain.
Potential development of the GPPP is separate to Hexagon’s interest in the McIntosh Flake Graphite Project in northern WA at which () has earned a 51% equity.
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