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Hexagon Resources Ltd

Hexagon Resources' scoping study confirms viability of process plant for high-spec graphite products

Hexagon Resources Limited (ASX:HXG) managing director Mike Rosenstreich updates Procative Investors on the positive scoping study results for the viability of developing a standalone graphite purification and processing plant.
 
The study details a proposed plant that would manufacture high-specification graphite products such as batteries and industrial applications.
 
Two sites were considered, with Chelan County in Washington State preferred on a post-tax basis over Geraldton, Western Australia. 
 
Based on the outcomes, Hexagon plans to move to a feasibility study and next stage of the proposed development by late 2019.

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Price: $0.09

Market: ASX
Market Cap: $24.8 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