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Quantum Graphite Ltd.
Summary
| Project: | Uley | |
|---|---|---|
| Deposit: | Uley 2 | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 12/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2019: Quantum Graphite Ltd. announces a Resource Estimation report for its Uley 2 deposit at the Uley project. Further update of mining study and ore reserve estimate. Quantum Graphite Limited is pleased to announce further details in respect of the | |
| Resources: | (Reserve, P+P): 4.003Mt @ 11.89% TGC | |
| CP/QP: | [Overall Report]: Karen Lloyd (Jorvik Resources Pty Ltd.) | |
| ABSTRACT: | Quantum Graphite Limited is pleased to announce further details in respect of the Uley 2 Mining Study and Ore Reserve Estimate (Ore Reserve Estimate). As previously announced, the Ore Reserve Estimate contained in the report attached (Report), represents the last of the key studies required for finalisation of the DFS. The further details summarised in this announcement build on the solid economics of Uley 2 which is expected to deliver lower quartile operating costs compared with similar/comparable mineral assets. The Company expects further improvement in the overall economics of Uley 2 as part of the further optimisation work undertaken within the DFS which will provide the overall Uley 2 base case scope, schedule and budget. | |
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