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Quantum Graphite Limited (ASX:QGL)
ALERT: Price-sensitive ASX Announcement for QGL
Current share price for QGL : $0.400 -0.085 (-17.53%)+
Announcement
Release
31 Jul 2025 3:57PM
Price at Release
$0.485
Full Release
Summary
Quantum Graphite Limited (QGL) released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the quarter ended 31 March 2024. QGL reported progress on its Uley 2 graphite project, including ongoing mine plan optimisation, further product development, and engagement with potential offtake partners. The company continued advancing its graphite and energy storage material strategies, focusing on research and development partnerships and market opportunities in Europe and Asia. Financially, QGL maintained a stable cash position, with expenditures primarily related to exploration and development activities at Uley and investments in research collaborations. The report also highlights ongoing regulatory compliance, stakeholder engagement, and a prudent approach to capital management in anticipation of future project milestones.
Key Points
- QGL advanced development of its Uley 2 graphite project including mine plan optimisation and product development
- Engagement with potential offtake partners and research partnerships in Europe and Asia continued
- Focus on new energy storage materials and graphite product strategies
- Expenditures during the quarter were mainly for exploration, development, and research collaborations
- Maintained a stable cash position with prudent capital management
- Ongoing regulatory compliance and stakeholder engagement
- Preparations for future project milestones and commercialisation
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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