Hexagon Resources Managing Director Mike Rosenstreich discusses the Company's McIntosh Project and the graphite market
Update on McIntosh Project
Hexagon's focus is its 100% owned McIntosh flake graphite project, located in the Kimberley region of Western Australia.
The latest development is that Hexagon has completed a Pre-Feasibility Study (PFS) into the development of the first stage of the McIntosh Project.
The outcomes of the study confirm the technical and financial viability of the initial project development and provide a very strong rationale to advance the project through a Feasibility Study (FS) towards development.
As Mr Rosenstreich explains it: "The numbers are looking really encouraging. It gives us the encouragement that we want to move this project on."
Hexagon's marketing strategy is to produce high-grade and premium quality flake concentrate, to attract long-term off-take parties which will build their procurement policy around large scale, quality production from a stable, reliable jurisdiction such as Australia, located close to their manufacturing bases, most likely in Southeast Asia.
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About Hexagon Resources Ltd
Hexagon Resources Ltd (ASX:HXG) is focused on creating a world-class downstream processing business that can supply high-margin value-added materials such as graphite and other energy metals to end users. It has interests in high quality graphite projects in Australia and the United States, and an innovative downstream flowsheet to produce ultra-high-purity graphite products to high-growth, premium graphite sectors (energy-storage and tech-industrial sectors).
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