Hazer Group Graphite Meets Australian, International Standards for Concrete, Asphalt Applications; Shares Up 4%

MT Newswires Live

03/03

Hazer Group's (ASX:HZR) graphite met Australian and international standards for concrete and asphalt additives during independent testing by industrial materials group Boral Labs, according to a Tuesday filing with the Australian bourse.

The assessment confirmed that formulations with the graphite material meet performance requirements, indicating suitability for large-volume construction and civil infrastructure markets, the filing said.

The company is conducting product development in asphalt, concrete, and other targeted markets, per the filing.

Shares rose nearly 4% in morning trade Tuesday.

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