McIntosh to require A$148m to develop

The McIntosh flake graphite project, in Western Australia, will require a capital investment of A$148-million to support the production of 88 000 t/y of high-grade flake graphite concentrate. Owner Hexagon Resources said on Wednesday that a prefeasibility study (PFS) estimated the project would have a pre-tax net present value of A$272-million and an internal rate of return of 50%.