Status: DFS completed for Uley 2 Stage 1
Location: Eyre Peninsula, SA; 20km west-south-west of Port Lincoln
Government approvals: All approvals obtained pursuant to Program for Environment Protection and Rehabilitation
Scheduled start of development: Q2 2022
Stage 1 mine life: 12 years
Stage 1 production level: Uley 2 processing plant will produce a minimum of 55,000 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%: Following mineral processing, graphite flakes will be beneficiated to 99% utilising Sunlands Co. technology. DFS for beneficiate process to be completed by mid 2022.
Offtake agreements in place: Binding offtake agreement executed with Swiss trading group MRI Trading AG for 100% of Uley 2 production for a minimum of 5 years.
Life of Mine key economic and financial input parameters and modifying factors
Process Plant Feed | 500,000 tonnes per annum |
Graphitic carbon grade | 11.89% |
Graphitic carbon recovery | 84% |
Concentrate purity | >97% total graphitic carbon (TGC) for coarse flake |
Processing Cost | A$55.3 per tonne |
Mining Cost | A$2.5/t milled at surface plus 5c for every 4m |
Operating Costs (ex working) | A$439 dmt |
Product Price | US$919 dmt |
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.
Area: 187.5ha
Expiry: 1 October 2021
Area: 22ha
Expiry: 1 October 2021
Area: 22ha
Expiry: 16 March 2024
Area: 44ha
Expiry: 16 March 2024
Mineral Resource estimate for Uley 2 (3.5% total graphitic carbon cut-off)
Resource | Classification |
Tonnes (kt) |
TGC (%) |
Density (t/m3) |
TGC (kt) |
Uley 3 | Inferred | 900 | 6.6 | 2.1 | 59 |
---|---|---|---|---|---|
Uley 3 Total | 900 | 6.6 | 2.1 | 59 | |
Uley 2 | Measured | 800 | 15.6 | 2.1 | 125 |
Indicated | 4,200 | 10.4 | 2.1 | 435 | |
Inferred | 1,300 | 10.5 | 2.2 | 137 | |
Uley 2 Total | 6,300 | 11.1 | 2.1 | 697 | |
Uley Project Total | TOTAL | 7,200 | 10.5 | 2.1 | 757 |
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.
Quantum Graphite Limited
349 Collins Street
Melbourne, Victoria, 3000
Australia
Enquiries to be addressed to the Company Secretary
E: info@qgraphite.com
© 2021 – Quantum Graphite Limited