Project Overview
Status: DFS completed for Uley 2 (Stage 1)
Location: Eyre Peninsula, South Australia; 20km west-south-west of Port Lincoln
Government approvals: All approvals obtained pursuant to Program for Environment Protection and Rehabilitation – PEPR 2014/110
Scheduled start of development: Upon close of funding
Stage 1 mine life: 12 years (Stage 1)
Stage 1 production level: Uley 2 processing plant will produce a minimum of 100,000 tonnes of high purity coarse flake
Graphite mineral processing: Liberation of graphite particles through crushing and grinding followed by floatation and polishing sections. Multi-stage polishing critical to enhanced flake graphite recoveries and maximising purity and coarse flake size
Graphite beneficiated to 99.9%: Following mineral processing, graphite flakes will be beneficiated to 99.9% by Sunlands Pure utilising Sunlands Energy Co. technology
Offtake agreements in place: Binding offtake agreement executed with Swiss trading group MRI Trading AG for 50% of Uley 2 production for a minimum of 5 years
Definitive Feasibility, Reserves & Resources
Definitive Feasibility Study & Mining Study Highlights
Life of Mine key economic and financial input parameters and modifying factors
Base case Uley 2, stage 1 delivers robust project economics. Further optimisation work including beneficiation study to increase the flake purity to >99% greatly enhances project economics.
Mineral Resource estimate for Uley 2 (3.5% total graphitic carbon cut-off)
Significant resource expansion potential within the Uley 2 resource envelope. In addition, extensional drilling of Uley 2 South, Uley 3 and Uley South supports multi-decade resource expansion.
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Quantum Graphite Limited
349 Collins Street
Melbourne, Victoria, 3000
Australia
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