Our McIntosh Project is a large-scale, high quality flake graphite deposit located in the Kimberley region of Western Australia.
JORC Mineral Resources for the project currently stand at 23.8 million tonnes (Mt) grading 4.5 per cent total graphite carbon (TGC) for 1.1 million contained tonnes (5 April 2019).
In addition, there is a significant Exploration Target* comprising 50 to 100 220 Mt grading between 2.0 and 5.0% TGC.
*Cautionary Statement – the potential quantity and grade of the Exploration Target is conceptual in nature, there is insufficient exploration work to estimate a mineral resource and it is uncertain if further exploration will result in defining a mineral resource.
Hexagon has deliberately focused on verifying the quality of the graphite flake as a driver of commercial value, rather than simply building up the “mining metrics”. Graphite is an industrial mineral where the focus needs to be on product quality and suitable commercial applications that match the product specifications. Hence much of its work has focused on the downstream transformation into a range of high purity battery and industrial applications.
A downstream scoping study on downstream purification, milling and shaping was reported on 31 May 2019 highlighting the viability and the opportunities.