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Quantum Graphite Ltd ( (AU:QGL) ) has shared an announcement.
Quantum Graphite has secured a 21-year renewal of its Uley 2 mining leases in South Australia, underpinning long-term development across the Uley 2 to Uley 6 deposits, which collectively represent one of the largest flake graphite mineralisation packages on the Southern Eyre Peninsula. The renewed tenure supports a staged mine plan expected to supply at least 12 years of feedstock to Sunlands’ planned Pure Concentrator from Uley 2 and 3, followed by progressive development of Uley 3 South, 4, 5 and 6 that could extend operations toward 2070 and position the company as a major supplier relative to ex-China global flake production. The company also highlighted its growing role in the energy storage value chain, with Director Michael Wyer presenting Sunlands’ TES Graphite Cell technology at Singapore’s 2025 Scientific Conference, emphasizing the potential to repurpose existing coal-fired plants and provide long-duration thermal storage and grid support, thereby reinforcing Quantum’s strategic alignment with decarbonisation and sustainable power markets.
The most recent analyst rating on (AU:QGL) stock is a Sell with a A$0.37 price target. To see the full list of analyst forecasts on Quantum Graphite Ltd stock, see the AU:QGL Stock Forecast page.
More about Quantum Graphite Ltd
Quantum Graphite Ltd owns the Uley flake graphite mineral deposits near Port Lincoln in South Australia and is advancing the Uley 2 project, the next development phase of a century-old mine that ranks among the world’s largest high-grade natural flake graphite deposits. Through its joint venture Sunlands Power with Sunlands Energy Co., a leader in thermal energy storage technology using TES Graphite Cells for grid-supporting, long-duration storage, the company targets the growing market for energy transition materials and infrastructure.
Average Trading Volume: 56,541
Technical Sentiment Signal: Sell
Current Market Cap: A$136.7M
See more insights into QGL stock on TipRanks’ Stock Analysis page.