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Quantum Graphite Ltd ( (AU:QGL) ) just unveiled an update.
Quantum Graphite Limited has secured a 21‑year renewal of its Uley 2 mineral leases (ML5561 and ML5562) from the South Australian Department of Energy and Mining, underpinning an extended operating life that will encompass both the Uley 2 and Uley 3 deposits. Supported by extensive recent drilling and geophysical work and the grant of additional exploration tenure, the company now controls what it describes as the largest flake graphite mineralisation in the Southern Eyre Peninsula, with the broader Uley mines hosting a potential resource exceeding five million tonnes of natural flake graphite—equivalent to around 15 times annual global flake graphite production—positioning Quantum to supply Australian and Western markets with more than 50 years of high‑grade graphite and reinforcing its ambition to become a dominant non‑Chinese supplier to key battery and industrial sectors.
More about Quantum Graphite Ltd
Quantum Graphite Limited is an Australian Securities Exchange-listed resources company that owns and operates the century-old Uley natural flake graphite mine on South Australia’s Eyre Peninsula. Its Uley deposits, including the Uley 2 project, are among the world’s largest high‑grade natural flake graphite resources, supplying feedstock for markets such as lithium‑ion batteries, isostatic graphite and thermal energy storage via its refining technology partner, Sunlands Pure, which can purify natural flake graphite to 99.9% graphitic carbon.
Average Trading Volume: 70,747
Technical Sentiment Signal: Sell
Current Market Cap: A$138M
For an in-depth examination of QGL stock, go to TipRanks’ Overview page.