Hexagon Resources Ltd. (ASX:HXG) has announced the results of an independent test conducted by Argonne National Laboratory, operated by the US Department of Energy. The test confirmed “unique, near all-hexagonal preferred crystal orientation of purified McIntosh natural crystalline flake graphite material”, according to the release. This material is described as very rare and has many promising applications. It also has a promising price, valued at US$30,000/tonne.
Managing Director, Mike Rosenstreich said:
“This test work is a continuation of Hexagon’s strategy to find high value applications for the very rare qualities that the McIntosh graphite is being shown to possess. We now have proof that our flake is differentiated from other natural graphite projects. This puts us on a straight path towards accelerating our dual strategy of riding the energy/tech wave but also displacing synthetic graphite – because our material is good enough to do that.”