Hexagon Resources Continues to Advance McIntosh Project

Hexagon Resources (ASX:HXG) released its quarterly activity report for the three months ended May 31, reporting that it continues to advance activities at its McIntosh flake graphite project.
As quoted in the press release, highlights from the quarter included:

Commencement of pre-feasibility study (PFS) at the McIntosh Project
Ultra-high purity of +99% TC from simple flotation
JORC Resource Estimate for McIntosh of 17.2Mt @ 4.63% TGC for 797,200 tonnes of contained graphite
Largest JORC Compliant Flake Graphite Resource in Australia  Less than 15% of the strike length potential at McIntosh has been drilled to date
Huge upside exists to significantly expand the resource base further
Discussions with potential offtake partners ongoing
Further petrological studies and flotation test work highlight excellent quality of the McIntosh flake
Work has commenced on a 3-dimensional geo-metallurgical model
Flake graphite characterisation and graphene test work ongoing at the University of Adelaide

Click here for the full press release.