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Quantum Graphite Ltd.
Summary
| Project: | Uley | |
|---|---|---|
| Deposit: | Uley 2 | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2019: Quantum Graphite Ltd. announces a Resource Estimation report for its Uley 2 deposit at the Uley project. Update of the Uley 2 Mining Study and Ore Reserve Estimate. Quantum Graphite Limited is pleased to announce the results of the update to t | |
| 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 the results of the update to the Uley 2 Mining Study and Ore Reserve Estimate. The update, contained in the report attached (Report), represents the last of the key studies required for finalisation of the DFS which is now expected to be released next month. The results confirm the solid economics of Uley 2 and 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 optimisation work undertaken within the DFS which will provide the overall Uley 2 base case scope, schedule and budget. | |
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