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Hexagon Resources' updated McIntosh resource provides volume for critical metallurgical work

Hexagon Resources Ltd (ASX:HXG) managing director Mike Rosenstreich updates Proactive Investors on the updated resource estimate at the graphite developer's McIntosh joint venture project in Western Australia. 
The updated resource now totals 23.8 million tonnes grading 4.5 % total graphitic carbon which is an increase of 12% in contained graphite and a 42% increase in material classified as indicated.
"Now with that big volume of sample avaialble we're doing characterisation work focused on metallurgy and flake size," says Rosenstreich.
He continues, "Flake size and grade are obviously important ... but you need to have the metallurgical characteristics to know you can recover that in-ground value."

Quick facts: Hexagon Energy Materials Ltd

Price: 0.055 AUD

Market: ASX
Market Cap: $16.08 m

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on 1/5/20

2 min read