October 16, 2019 09:25 ET | Source: Hexagon Resources Limited Hexagon Resources Limited

TORONTO, Oct. 16, 2019 (GLOBE NEWSWIRE) -- Hexagon Resources Limited (ASX:HXG) (“Hexagon” or the “Company”) has completed key testwork directed at enhancing graphite electrodes used in electric-arc furnaces (“EAF”) worldwide. Graphite electrodes are an essential part of the EAF steel production process and comprise a significant portion of cost. The market for these graphite electrodes is growing and any technology advances that will extend their service life and lower consumption rates have significant market appeal.