Quantum Graphite Ltd (AU:QGL) has released an update.
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Quantum Graphite Ltd has expanded its exploration territory by securing a new Exploration Licence (EL7019), adding 42km2 adjacent to its existing Uley flake graphite deposits in South Australia. The new area was identified as part of the company’s multi-decade resource expansion plan and has shown preliminary results suggesting the extension of significant mineralization. This strategic move positions Quantum Graphite to enhance their Uley 2 and Uley 3 mineral resources, with drilling operations set to commence following the completion of recent geophysical surveys.
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