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Quantum Graphite Ltd ( (AU:QGL) ) just unveiled an update.
Quantum Graphite Ltd has commenced detailed planning for the development of the Quantum-Sunlands Eyre Peninsula Graphite Hub, in collaboration with South Australian Government stakeholders. This hub, which has been awarded Major Project Status by the Australian Federal Government, aims to establish a complete graphite supply chain and serve as a global reference point for high-quality graphite concentrate. The company is also advancing its Uley 2 Project financing, with three additional financiers joining the due diligence process alongside US EXIM Bank. Exploration activities have provided further insights into the Uley Region’s mineralized structure, and the company is analyzing data from graphite purification tests for prospective customers.
More about Quantum Graphite Ltd
Quantum Graphite Ltd is an Australian company that owns the Uley flake graphite mineral deposits located south-west of Port Lincoln, South Australia. The company’s Uley 2 project is a significant development of the historic Uley mine, known for its high-grade natural flake graphite deposits. Quantum Graphite is involved in mining, processing, and refining graphite, with a focus on supplying high-quality graphite concentrate to global markets.
Average Trading Volume: 33,039
Technical Sentiment Signal: Sell
Current Market Cap: A$165.6M
Learn more about QGL stock on TipRanks’ Stock Analysis page.