Hexagon Energy Materials Ltd
Hexagon Energy Materials Ltd (ASX:HXG) is listed on the Australian Securities Exchange.
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Hexagon Resources pursuing dual strategy to establish cash flow positive graphite business
Hexagon Resources Ltd (ASX:HXG) is pursuing a dual path to achieve its objective of establishing a cash flow positive business in the graphite industry and ultimately control an integrated upstream to downstream business:
- Upstream - focussed around the McIntosh deposits and joint venture, funded by Mineral Resources Ltd (ASX:MIN) for the past 12 months and the recently acquired Alabama mineral claims; and
- Downstream - employing innovative flow sheet and cutting-edge technologies to supply a variety of high-end products into deep, premium priced markets.
Upstream: Hexagon Resources updates McIntosh flake graphite resource; 81% classified as indicated
The current focus of the McIntosh joint venture partners is metallurgical testwork to define a process flowsheet.
Testwork, planned and commissioned by Hexagon, is currently underway in China at a research facility that is highly experienced in a wide spectrum of graphite processing, from initial concentration to downstream purification, micronising and spheroidising.
Subject to the outcomes of this work, the joint venture plans to follow-up with locked-cycle and pilot scale flotation tests to generate process design criteria as part of the feasibility study.
Other Hexagon Energy Materials Ltd news
- Hexagon Energy Materials gains new substantial holder in UBS Group
2020-03-24 - Hexagon Resources achieves five-nines graphite purity, exceeds industry specs
2018-12-11 - Hexagon Resources confirms economic graphite development
2017-05-31 - Hexagon Resources Ltd sees economic potential for gold and base metals
2016-11-14 - Hexagon Resources eye flake graphite expansion prospects
2016-11-08
