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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.

Quick facts: Hexagon Resources Ltd

Price: 0.056 AUD

Market: ASX
Market Cap: $16.34 m

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