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Project Overview
Status: DFS completed for Uley 2 (Stage 1)
Location: Eyre Peninsula, South Australia; 20km west-south-west of Port Lincoln
Government approvals: All approvals obtained pursuant to Program for Environment Protection and Rehabilitation – PEPR 2014/110
Scheduled start of development: Upon close of funding
Stage 1 mine life: 12 years (Stage 1)
Stage 1 production level: Uley 2 processing plant will produce a minimum of 100,000 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 99.9%: Following mineral processing, graphite flakes will be beneficiated to 99.9% by Sunlands Pure utilising Sunlands Energy Co. technology
Offtake agreements in place: Binding offtake agreement executed with Swiss trading group MRI Trading AG for 50% of Uley 2 production for a minimum of 5 years
Definitive Feasibility, Reserves & Resources
Definitive Feasibility Study & Mining Study Highlights
Life of Mine key economic and financial input parameters and modifying factors
| Process Plant Feed | 1,200,000 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$236.05 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$1,225 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.
ML 5562
Area: 187.5ha
Expiry: 1 October 2021
ML 5561
Area: 22ha
Expiry: 1 October 2021
RL 66
Area: 22ha
Expiry: 16 March 2024
RL 67
Area: 44ha
Expiry: 16 March 2024
Major exploration target Included within EL 6224
Area: 75km2Expiry: Renewal Pending 5 of 8
Major exploration target Included within EL 6224
Area: 75km2Expiry: Renewal Pending 6 of 8
Major exploration target Included within EL 6224
Area: 75km2Expiry: Renewal Pending 7 of 8
Major exploration target Included within EL 6224
Area: 75km2Expiry: Renewal Pending 8 of 8
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.
Contact us.
Head Office
Quantum Graphite Limited
349 Collins Street
Melbourne, Victoria, 3000
Australia
Investor Relations
Enquiries to be addressed to the Company Secretary
E: info@qgraphite.com
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