Hexagon Energy Materials Ltd
Hexagon Energy Materials Ltd (ASX:HXG) is listed on the Australian Securities Exchange.
See more information about Hexagon Energy Materials Ltd

Hexagon Resources confirms economic graphite development

Hexagon Resources (ASX:HXG) has received results from its pre-feasibility study confirming the viability of the first stage of its McIntosh Flake Graphite Project located in Western Australia.
The outcomes confirm the technical and financial viability of the initial project development and provide a strong rationale to advance the project through a feasibility study.
The pre-feasibility study (PFS) estimates a pre-tax net present value (NPV) using an 8% discount rate for the first stage of development at A$272 million.
The PFS outcomes are based on a mining and ore processing rate of 2.4 million tonnes per annum, at an average diluted grade of 4.3% total graphitic carbon (TGC), to produce 88,000 tonnes per year of high-grade, 98% TGC flake graphite concentrate.
Mike Rosenstreich, managing director, commented: "We are very pleased with the PFS outcomes, which are a significant step on the path to commercialisation of McIntosh."


Other Hexagon Energy Materials Ltd news
- Hexagon Energy Materials gains new substantial holder in UBS Group
2020-03-24 - Hexagon Resources pursuing dual strategy to establish cash flow positive graphite business
2019-06-06 - Hexagon Resources achieves five-nines graphite purity, exceeds industry specs
2018-12-11 - Hexagon Resources Ltd sees economic potential for gold and base metals
2016-11-14 - Hexagon Resources eye flake graphite expansion prospects
2016-11-08