Hexagon Energy Materials Ltd
Hexagon Energy Materials Ltd (ASX:HXG) is listed on the Australian Securities Exchange.
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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."
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2016-11-08
