Hexagon Resources Ltd raises $1.35M for graphite project development in Kimberley

Written on the 9 March 2016

Hexagon Resources Ltd raises $1.35M for graphite project development in Kimberley Hexagon Resources Ltd (ASX:HXG) has closed a $1.358 million capital raising at $0.08 each with new and existing institutional funds, and sophisticated / professional investors for the company's McIntosh graphite project in Western Australia.

Funds raised from the placement will be used to fund final stage environmental and hydrogeological studies, further engineering and process design and commencement of a feasibility study for McIntosh plus ongoing working capital.

After a resource upgrade, McIntosh has Australia's largest flake graphite project by contained tonnes with a resource of 17.2 million tonnes at 4.63%TGC.

McIntosh is located in the Kimberley region of Western Australia. Hexagon plans to progress the through feasibility study given the strong metallurgical results.


Source: Proactiveinvestors.com.au

Image: McIntosh project Hexagonresources.com


Upcoming Events

Latest news

Matso's Acquired by Gage Roads Brewing

The Peirson-Jones family are delighted to announce that we have agreed to sell Matso's Broome Brewery (Matso's) to Gage Roads Brewing Co (ASX:GRB), one of Australia's leading independent craft brewers. The agreement will see the Matso's range become an integral part of Gage Roads' portfolio of well-known craft beers an...

Read More

Articles via RSS rss

Sign Up for the latest news & events

Does your business attract, recruit and retain staff by offering employment or work experience to young Aboriginal employees?
CLICK HERE to become a Working Together Employer of Choice.



We are located at:

6 Napier Tce
(behind the Westpac bank)
WA 6725

Chamber office hours

Monday: 10am - 3pm
Tuesday: 10am - 2pm
Wednesday: 10am - 3pm
Thursday: 10am - 2pm
Friday: 10am - 2pm

Please ring for an appointment


(08) 9193 5553

After Hours

0410 967 509