Ok so what to expect in the NEAR Future.
1. Completion of current drilling program. It will provide the material for further testing and importantly allow major increase in reserves.(remember the current geophysics indicates approx. 100+mil ton of 5%.
2. Results from various labs and off takers on testing of mine output in both GRAPHITE and green conversion to GRAPHENE
3. Note …We were not told who did last test results..the indication here is that it is linked to a major offtake and battery company requiring natural spherical graphite…no details due to the competitive nature. HXG graphite due to base properties will allow for increased lower battery costs.
4. Those gold tenements in WA are very strategically close to existing deposits, although very much a minor play in overall strategy could surprise and could attract a JV partner with a cash result
5. Discussions are ongoing with the companies Korean asset, reliance on this deposit is becoming less important so why not cash it in
6. Return of China Hengda $2m is not over, there is plenty of good plant there that could be used at a later date. HXG has a debenture over all assets. Pressure can be applied here for a good overall result.
7. Work on a BFS and environment regulations have begun,no aboriginal problems.good port facilities.
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