Highlights: • Continued focus on securing a strategic partner for the development of Hexagon’s rare earth downstream processing business • Ongoing development with RapidSXTM for rare earth separation for which Hexagon holds an Option to acquire a 49% interest, including; Provisional patent application lodged Proposed joint venture company incorporated Site selected to host the demonstration plant for RapidSXTM • Halls Creek Gold Project – exploration work commenced to test gold targets • Independent review of McIntosh project identifies nickel-copper and Platinum Group Element (PGE) targets Hexagon Energy Materials (Hexagon or the Company) (ASX: HXG) is pleased to provide a report on its activities and cash flows for the quarter ended 30 June 2020. Hexagon’s primary aim is to develop a downstream rare earths and graphite processing business to service the high-growth e-mobility and renewable energy sectors. The Company is also advancing two highly prospective gold and base metals projects in Australia..........Hexagon has engaged SRK Consulting to undertake the mapping and Integrated Geological Mining Services (IGMS) to efficiently target the geochemical sampling and drilling programs.
From the June 20 Quarterly. Sorry to offend. Just highlighting the breadth of opportunities assessed in recent times.
I've held these for way too long as a speculative investment and still hold - although i have taken advantage of yesterday/today's movement and reduced my holding significantly (at a profit).
Hopefully they can make something of the potential acquisition of Ebony. More of a chance with Mike gone....
GLTAH
HXG Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
