Quantum Graphite (QGL) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of board members, management, and auditors, confirming a quorum and outlining the agenda of six business items and ten resolutions to be decided by poll.

• Notice of Meeting, Explanatory Statement, and proxy information were made available electronically, and the meeting was held virtually in accordance with the Corporations Act.

• Shareholders were invited to submit questions via an online platform; no substantive questions were received during the meeting.

Board and executive committee updates

• No changes to the board or key management during the year; board comprises experienced professionals in minerals, finance, and capital markets, with new technical partner Swerim AB added for high-temperature research.

Strategic initiatives and plans

• Focus shifted to integrating processing and refining facilities for Project UTILE, aiming for a China-independent Western Hemisphere supply chain.

• Major Project Status granted to the Eyre Peninsula Graphite Hub, recognized as nationally significant and aligned with critical mineral strategies.

• Expansion of exploration activities led to a revised mineralization model and acquisition of a new exploration license, covering the southern tip of the peninsula.

• Joint venture R&D with Sunlands Power moved to a new phase, leveraging foreign-based facilities for advanced research and patent portfolio expansion.

• Long-term supply plans include near-term and district expansion, targeting multi-decade resource security.