Hexagon Resources Ltd

Hexagon Resources targets high-tech graphite markets with scale & premium pricing

Hexagon Resources Ltd (ASX:HXG) managing director Mike Rosenstreich speaks to Proactive Investors about achieving 99.999% (also known as 'five nines') graphite purity from a large 20 kilogram sample from the McIntosh Graphite Project in Western Australia’s East Kimberley.

Rosenstreich says, "There is a standard that describes nuclear grade graphite materials, and we hit and indeed exceed their standard. I'm not suggesting that our markets are all destined for the nuclear industry; what our products are destined for is deep markets. We're looking for markets with scale and premium pricing."

He also updates on upstream activities, sharing the latest progress made by partner MinRes (ASX:MIN) on DFS works. A resource upgrade is slated for early next year.

Quick facts: Hexagon Resources Ltd

Price: $0.06

Market: ASX
Market Cap: $17.22 m

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Hexagon Resources graphite scoping study a highlight for June quarter

Hexagon Resources (ASX:HXG) managing director Mike Rosenstreich tells Proactive Investors that the completion of a scoping study on the development of a standalone advanced graphite purification processing plant (GPPP), was a highlight in its June quarterly report. He also detailed the...

on 12/7/19

2 min read