HXG swapped it Korean graphite asset for a piece of BMR (Battery Mineral resources). BMR has some of the best and world class Cobalt resources. These are primary ores and not mixed with nickel (mixed ores have difficult production pathways) as most hopefuls are in the Cobalt space.
Cobalt for use in LiBattery is a must. Cobalt had reached $50K /ton. BMR has very high % some ranging up to 10 % but most are 4%+. BMR could go straight into production.
Its likely that HXG could totally fund its feasibility and more with this holding. Don't be surprised that their will be more cross pollination between these two companies.
Meanwhile we are well overdue more progress reports on Australian assets both graphite,graphene and GOLD.
If all adds up HXG should attract great partners for mine development... very soon?
HXG and Cobalt...will surprise many
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2.0¢ |
Change
0.002(11.1%) |
Mkt cap ! $10.25M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 2.0¢ | 1.8¢ | $1.435K | 75.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 285135 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 493849 | 5 |
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| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
0.002 ( 5.26 %) |
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| Open | High | Low | Volume | ||
| 1.9¢ | 2.0¢ | 1.9¢ | 79461 | ||
| Last updated 12.36pm 04/06/2024 ? | |||||
| HXG (ASX) Chart |