Special Report: Hexagon Energy Materials (ASX:HXG) will kick off a big exploration program at the underexplored Halls Creek gold project, designed to dial in on some of the numerous high-grade targets identified earlier this year.
Hexagon’s main game is to develop a downstream rare earths refining business centred around a disruptive rare earths processing tech, called RapidSX. But for investors, the company’s legacy Halls Creek project in WA represents plenty of upside.
The East Kimberley region is getting increasing attention from explorers and miners.
This includes companies like Pantoro (ASX
NR), Northern Minerals (ASX:NTU), Buxton Resources (ASX:BUX), Chalice Gold Mines, (ASX:CHN) and Independence Group (ASX:IGO).
Most recently, Meteoric Resources (ASX:MEI) acquired an advanced project called Palm Springs near Halls Creek, where historic drilling hit specular intercepts, like 19m at 8.8 grams per tonne (g/t), 56m from surface.
Neighbouring Palm Springs to the northwest is Hexagon Energy Materials’ (ASX:HXG) underexplored 657sqkm Halls Creek gold-base metals project (HCP), which is littered with mineralised rock outcrops and historic workings.
Highlights include the Lady Helen prospect where a small historical drilling program returned a best result of 4m at 22.6g/t gold and 17.3g/t silver from surface. This was not followed up.
“Our prospects were last mined in the very early 1900s,” Hexagon’s Mike Rosensteich told *.
“And it’s fair to say there has been no meaningful, coherent work on the project for over 30 years
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