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MINERAL Resources will write off the $5 million it spent buying into the McIntosh project and leave it to project partner Hexagon Resources, after determining there was not enough money to be made at the flake graphite prospect in Western Australia’s far north.
McIntosh graphite project in northern Western Australia.
The miner told the Australian Securities Exchange it is withdrawing from the McIntosh 51:49 joint venture with Hexagon, effective October 31, as it believes "any future investment in the McIntosh
McIntosh to get off the ground.
MinRes solid on back of iron ore
