Quantum Graphite (QGL) Q1 2027 TU earnings summary

Executive summary

• Uley 2 FEED advanced: concentrator design reached 80% completion and the capital and operating cost review reached 75%; plant layout and site location were finalised.

• Revised Uley 2 funding structure was finalised following the Ore Supply Agreement and downstream integration; the project data room was substantially completed.

Financial highlights

• Q1 operating cash outflow was A$1.221m, investing cash outflow A$51k and financing inflow A$1.111m; quarter-end cash was A$50k.

• Phase 1 study metrics: A$990.4m total undiscounted cash flow, A$152.7m capex, 100,000 dmt annual production and US$1,225/dmt ex-works product price.

Outlook and guidance

• FEED completion is intended to deliver detailed design and cost and schedule estimates, enabling transition to project execution and negotiations for engineering, construction and procurement bids.

• Financiers’ renewed access to the substantially completed project data room was expected within 10 days of quarter end.

• Refinery site preparation is scheduled to include LIDAR mapping, followed by land surveys and hydrology and geotechnical work.