Miner is just nosing around on Valla land

HEXAGON Resources Limited, the owner of an exploration licence on land west of Valla and Nambucca Heads, is "a long way away" from possibly applying for a mining licence.

"We don't have any intention at this point to apply for a mining licence," Hexagon's CEO Tony Cormack said.

The exploration licence for Molybdenum (Mo) was a major point of discussion among Valla residents who attended last week's Nambucca Shire council meeting.

Mr Cormack believes "that a lot of misinformation relating to EL6702 has been propagated in the community".

"All it (an exploration licence) does is give us the ability to explore," he said.

"There are many steps to go through before we even make the decision to apply for a mining licence and then once that decision is made, applying for a mining lease is a lengthy, detailed process that involves a lengthy community consultation as well strict environmental compliance.

"Hexagon treats the community views with the utmost respect.

"If we don't gain a social licence through that consultation, then it's highly unlikely that the project will proceed to a mining operation."

Mr Cormack said the company's exploration on EL6702 to date has only involved "minimal to no ground disturbances".

The Hexagon CEO said the current primary focus for the mining company is the development of a flake graphite project in the East Kimberley.

"Hexagon's flagship project is the McIntosh Flake Graphite Project in the East Kimberley of Western Australia, the company is currently in the development phase aiming to produce a flake graphite product for use in renewable energy storage," he said.

As well as EL6702 in Valla, Hexagon currently has a number of exploration licences in the East Kimberley of Western Australia and has a number of exploration licences for flake graphite in South Korea.

"Our exciting flake graphite projects still remain the company's focus with EL6702 at Valla being last on our list of priorities," he said.



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