By Mark Gordon, Independent Investment Research
With their McIntosh Graphite Project (“McIntosh” or “the Project”) in Western Australia, Hexagon Resources (“Hexagon” or “the Company”) has a quality development opportunity in a world-class mining destination. Since completing a positive pre-feasibility study (“PFS”) in May 2017, the Company is undertaking comprehensive metallurgical studies, looking at both upstream and downstream value add opportunities as part of a comprehensive product development and marketing strategy. The aim is to develop the Project as a long term, reliable supplier of a range of premium graphite products with consistent quality, and differentiate itself from competitors. This is a change from the strategy behind the PFS, which envisaged sales of high quality bulk concentrates.