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Hexagon Resources 'absolutely focused on commercialisation,' financing graphite project

Hexagon Resources Ltd (ASX:HXG) managing director Mike Rosenstreich introduces Provocative Investors to the graphite company's vertically integrated operations, discussing the McIntosh project in Western Australia as well as processing test work that has achieved high nines purity levels.

"It's exciting to have a foot in both that traditional application [the steel industry], but also the high-growth topical aspect of energy storage [batteries]... the thing that enables us to have that dual focus is the quality of the graphite at McIntosh," says Rosenstreich.

He continues, "We recognise that graphite's not a commodity: it's an industrial mineral. The secret to getting an industrial mineral up and commercialised is to find the markets for it. Rather than spend a lot of money on drilling and building the biggest resource, which is a very mining company approach, we've been focusing our funding on understanding the markets and understanding the technical attributes of our material; and then working from that customer and technical understanding of the market back into the resource."

Quick facts: Hexagon Energy Materials Ltd

Price: 0.07 AUD

ASX:HXG
Market: ASX
Market Cap: $20.47 m
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Full interview: Hexagon Resources updates Proactive on investor discussions...

Hexagon Resources Ltd (ASX:HXG) managing director Mike Rosenstreich has recently returned from a two week roadshow and shares the highlights with Proactive. The company has also recently updated its name to Hexagon Energy Materials to better reflect the changing focus of the company.

3 weeks, 1 day ago

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