- Hexagon Energy Materials (HXG) lodges the mine management plan (MMP) for its Pedirka Blue Hydrogen Project with the NT Government
- The submission is a crucial step in the preparations required to begin exploration drilling as scheduled in September
- The upcoming drill program will focus on exploring coal targets at Pedirka with the goal of defining a JORC-compliant resource for the project
- Importantly, the MMP details all proposed activities, including an environmental management plan, to be undertaken as part of the program
- Hexagon shares have dipped 3.9 per cent to 7.3 cents each at 12:32 pm AEST
Hexagon Energy Materials (HXG) has lodged the mine management plan (MMP) for its Pedirka Blue Hydrogen Project with the Northern Territory Government.
The submission is a crucial step in the preparatory process required to commence exploration drilling at the project, which lies some 200 kilometres southeast of Alice Springs.
The clean energy developer is optimistic the plan will be approved in time to start work as scheduled in September.
Once underway, the program will focus on exploring coal targets at Pedirka with the goal of defining a JORC-compliant resource.
To this end, Hexagon said the MMP detailed all proposed activities to be carried out under the program.
It also provides an environmental risk assessment and environmental management plan in relation to these activities, including an appraisal of any possible impact on places of cultural or archaeological significance.
Importantly, the submission also reviews rehabilitation and closure activities to ensure they meet the State Government’s requirements.
Hexagon Chairman Charles Whitfield said the completed mine management plan represented another step forward.
“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 for Hexagon’s Pedirka Blue Hydrogen Project,” he said.
“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.”
Hexagon is aiming to produce blue hydrogen at Pedirka in an effort to support a conversion to clean energy economies over the coming decades.
Shares in the company were trading 3.9 per cent lower at 7.3 cents apiece at 12:32 pm AEST.