HXG 4.17% 2.3¢ hexagon energy materials limited

Ann: SG Bonus for McIntosh Project , page-2

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  1. 550 Posts.
    Good announcement here which further supports the potential of this resource. Prelim JORC expected by end of March for Mcintosh (which will grow as they drill more areas as resources are open and their are additional targets). Metallurgical also expected soon but they give some hints in this announcement. This is shaping up nicely and generally they are kicking their stated goals. Only negative is they spent a bit too much on admin in first half but breakdown in financials shows some one offs like placement costs, legal for Opirus acquisition eat so expecting this to be much more reasonable this quarter. Now all we need is stock price to reflect positives. At JORC you would expect revaluation if as expected.
 
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