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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