Quantum Graphite (QGL) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and introduction of board members and auditor via video link.

• Notice of Meeting and Proxy Form referenced; all resolutions to be decided by poll.

• Ten items of business and 19 resolutions scheduled for consideration.

Financial performance review

• Uley 2 Project's DFS update shows total undiscounted cash flow of A$990.4 million, with 100,000 dmt per annum production and binding offtake for 50% of output.

• Capital expenditure for Uley 2 is A$152.7 million, with total capital cost including logistics and purification at US$300 million.

Board and executive committee updates

• Board comprises experienced professionals in minerals, capital markets, banking, and risk management.

• Key technical partners and management roles highlighted, including CFO and Company Secretary.