Name of the Project
Graphite purification and processing plant (GPPP).

Location
Washington, in the US.

Project Owner/s
Hexagon Resources.

Project Description
The GPPP is based on a standalone advanced graphite processing plant, which will source feedstock from third-party producers.

The project will be developed in successive stages.

Stage 1 will entail the construction of a qualification plant, with a capacity of about 1 000 t/y of products to verify whether product specifications can be met.

During Stage 2, the qualification plant will be scaled up to a commercial-scale plant, with a capacity of 20 000 t/y of products. Stage 3 will further expand to about 50 000 t/y.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 10% discount rate, of A$708-million to A$958-million and an internal rate of return of 35% to 49%, with a payback of two years from full commercial production.

Capital Expenditure
A capital investment of about A$27-million will be required for Stage 1 and A$135-million for Stage 2 and A$153-million for Stage 3.

Planned Start/End Date
Development is expected to start in the first half of 2020.

Latest Developments
None stated.

Key Contracts and Suppliers
GR Engineering Services (scoping study management, engineering, design, cost estimation and compilation of the scoping study report document and input information) and Optiro (mining consultant).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Hexagon Resources, tel +61 8 6244 0349 or email info@hexagonresources.com.