Hexagon lodges mine management plan for blue hydrogen project

Hexagon has taken another step towards development of its Pedirka blue hydrogen project, lodging the mine management plan with the NT Government.

The plan details the drilling activities planned, which will explore the coal targets in the project with the aim of defining a JORC compliant resource.

It also provides an assessment of the environmental risk and management, an appraisal of any impact on places of cultural or archaeological significance and review of rehabilitation and closure activities.

Basically, it’s a crucial component before the planned exploration drilling program can kick off and Hexagon Energy Materials (ASX:HXG) is confident it will secure government approval in time for the program to start in September.

Another step on the path to development

Hexagon is planning to produce the blue hydrogen required to support the conversion to clean energy economies over the coming decades.

“The completion and lodgement of the mine management plan for drilling activities at Pedirka represents another step in the journey to develop the project,” chairman Charles Whitfield said.

“It follows hot on the heels of our June 2021 announcement that Genesis, a wholly owned Technip Energies company, had come on board to undertake the pre-feasibility studies.

“With the Project fully funded through to the completion of its planned pre-feasibility study, we look forward to informing the market about further Pedirka- related critical success factors being ticked off over coming months.”

This article was developed in collaboration with Hexagon Energy Materials a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.