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2026-11-06
◂ Monitor QGL ASX

Quantum Graphite Limited

DFS Unfunded Developer · Graphite · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.375
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$132.2M
EV
A$142.5M
Cash
A$210.7K
Debt
A$10.5M
2 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory13 documents
QGL ASX ordinary share closing observationMarket Data · HighExtracted

Latest eligible local ASX close from miners.reference_price: AUD 0.295, volume 1,515, market data provider via miners.collect_stock_prices; one QGL ordinary share.

Document ID
qgl-market-20260925
Published UTC
2026-09-25T06:00:00Z
Projects
—
Commodities
—
Open original source ↗
FRONT-END ENGINEERING AND DESIGN UPDATE (release listing)Study · MediumMetadata Only

Announcement listing establishes the title and release time only. The underlying September FEED release was not accessible; no project-progress claims are extracted.

Document ID
qgl-20260921-feed-listing
Published UTC
2026-09-21T05:33:00Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Quarterly Report and Appendix 5BResults · HighExtracted

Latest quarterly records the 20-year ore supply agreement, FEED progress, current resources, capital structure and June-quarter liquidity.

Document ID
qgl-20260730-quarterly
Published UTC
2026-07-29T23:14:59Z
Projects
uley-project
Commodities
graphite
Open original source ↗
IEA Global Critical Minerals Outlook 2026: graphite demand and refining concentrationOther · MediumExtracted

IEA 2026 outlook expects graphite demand growth but identifies extreme refining concentration in China. Publication timestamp is date-normalised because the page publishes only a date.

Document ID
iea-20260716-critical-minerals
Published UTC
2026-07-16T00:00:00Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Uley 2 Project - Commencement of Front End Engineering and DesignStudy · HighExtracted

Lycopodium commenced FEED for mine infrastructure and the Sunlands Pure processing plant, with detailed design, cost and schedule work to support execution.

Document ID
qgl-20260630-feed
Published UTC
2026-06-30T05:08:51Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Quarterly Activities and Appendix 5B Cash Flow ReportResults · MediumExtracted

March 2026 quarterly update on downstream structuring, financing facilities, cash and runway.

Document ID
qgl-20260430-quarterly
Published UTC
2026-04-30T05:06:43Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Half Yearly Report and AccountsResults · HighExtracted

Half-year accounts report capital movements, borrowings, liquidity, Uley asset carrying values and the Sunlands Power joint venture.

Document ID
qgl-20260313-half-year
Published UTC
2026-03-13T07:36:31Z
Projects
uley-project · sunlands-power-jv
Commodities
graphite
Open original source ↗
Quarterly Activities and Appendix 5B Cash Flow ReportResults · MediumExtracted

December 2025 quarterly update covering permits, financing structure, securities and cash.

Document ID
qgl-20260130-quarterly
Published UTC
2026-01-30T05:58:02Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Notification regarding unquoted securities - QGLCorporate Action · MediumExtracted

Appendix 3G records 619,345 employee incentive options and the resulting quoted and unquoted securities.

Document ID
qgl-20251222-appendix3g
Published UTC
2025-12-22T05:49:31Z
Projects
—
Commodities
—
Open original source ↗
Presentation to the 2025 Singapore Scientific ConferencePresentation · LowExtracted

Technical presentation on graphite thermal-energy-storage applications and planned demonstration plants.

Document ID
qgl-20251217-presentation
Published UTC
2025-12-17T02:25:17Z
Projects
sunlands-power-jv
Commodities
graphite
Open original source ↗
Quarterly Activities and Appendix 5B Cash Flow ReportResults · MediumExtracted

September 2025 quarterly update on financing due diligence, exploration planning and cash runway.

Document ID
qgl-20251031-quarterly
Published UTC
2025-10-31T03:27:19Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

Audited FY2025 report covering capital, liquidity, borrowings, Uley asset carrying values and tenure.

Document ID
qgl-20250930-annual-report
Published UTC
2025-09-30T06:45:20Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Uley 2 DFS Financial UpdateStudy · HighExtracted

Issuer update to the Uley 2 DFS and value engineering assessment, including costs, production, price, reserves, resources and project economics.

Document ID
qgl-20231211-dfs-update
Published UTC
2023-12-10T22:36:19Z
Projects
uley-project
Commodities
graphite
Open original source ↗
Evidence facts49
qgl-dfs-reserve-npvReserve-only NPV at 8.5%

241970041 AUD

2023-12-11
qgl-dfs-resource-npvResource-case NPV at 8.5%

497623220 AUD

2023-12-11
qgl-dfs-reserve-irrReserve-only IRR

41.17 percent

2023-12-11
qgl-dfs-capexEstimated initial capital cost

152705000 AUD

2023-06-30
qgl-dfs-product-priceDFS graphite basket price

1225 USD/dmt

2023-12-11
qgl-dfs-product-costAverage life-of-mine product cost

401.14 AUD/dmt

2023-12-11
qgl-dfs-productionMaximum annual concentrate production

100000 dmt/year

2023-12-11
qgl-dfs-reserve-tonnesUley 2 proved and probable ore reserve

4003000 tonnes

2019-11-27
qgl-dfs-resource-tonnesUley 2 and Uley 3 mineral resource

7200000 tonnes

2021-11-18
qgl-fy25-cashCash and cash equivalents

1583575 AUD

2025-06-30
qgl-fy25-debtUnsecured related-party borrowings

5188425 AUD

2025-06-30
qgl-fy25-sharesOrdinary shares on issue

350008387 shares

2025-06-30
qgl-fy25-subsidiariesTwo wholly owned operating and exploration subsidiaries

Quantum Graphite Operations Pty Ltd and Quantum Graphite Explorations Pty Ltd names

2025-06-30
qgl-fy25-chimaera-servicesChimaera corporate and asset management fees

1020000 AUD/year

2025-06-30
qgl-fy25-mdManaging director

Sal Catalano person

2025-06-30
qgl-fy25-secretaryCompany secretary

Rochelle Pattison person

2025-06-30
qgl-20251222-optionsUnquoted employee incentive options issued

619345 options

2025-12-22
qgl-20251222-option-strikeOption exercise price

0.0001 AUD/share

2025-12-22
qgl-20251222-option-expiryOption expiry date

2031-12-19 None

2025-12-22
qgl-20260313-sharesOrdinary shares on issue

352600000 shares

2025-12-31
qgl-20260313-optionsOptions outstanding

619345 options

2025-12-31
qgl-20260313-option-strikeOption exercise price in half-year note

0.345 AUD/share

2025-12-31
qgl-20260313-debtNon-current borrowings

7526126 AUD

2025-12-31
qgl-sunlands-power-halfEquity interest in Sunlands Power joint venture

50 percent

2025-12-31
qgl-feed-commencedUley 2 FEED formally commenced

True None

2026-06-30
qgl-20260730-sharesOrdinary shares on issue

352600000 shares

2026-06-30
qgl-20260730-cash-quarterCash at bank at quarter end

210709.93 AUD

2026-06-30
qgl-20260730-cash-currentCash at bank at release date

147701.86 AUD

2026-07-30
qgl-20260730-debtLoan facilities drawn

10497000 AUD

2026-06-30
qgl-20260730-undrawnUnused financing facilities

2753000 AUD

2026-06-30
qgl-20260730-runwayEstimated quarters of funding available

2.32 quarters

2026-06-30
qgl-osa-marginMinimum OSA margin per tonne of SPG concentrate

375 AUD/tonne concentrate

2026-06-12
qgl-osa-productionMinimum annual purified flake production supported by supply

100000 tonnes/year

2026-06-12
qgl-osa-termInitial exclusive offtake term

20 years

2026-06-12
qgl-osa-minimum-oreMinimum monthly ore supply to Sunlands Pure

85000 tonnes/month

2026-06-12
qgl-osa-supply-growthTarget monthly ore supply within seven years of first production

485000 tonnes/month

2026-06-12
qgl-osa-reserve-covenantMinimum rolling ore reserve coverage

3 years of mineral production

2026-06-12
qgl-osa-floor-reviewAnnual pricing reviews cannot reduce initial floor

annual review; no reduction below floor contract term

2026-06-12
qgl-osa-extensionOption to extend initial offtake term

20 years

2026-06-12
qgl-sma-pendingSite Management Agreement remains under negotiation

pending status

2026-07-30
qgl-quarterly-operating-outflowJune-quarter net operating cash outflow

1224000 AUD

2026-06-30
qgl-quarterly-related-partyJune-quarter related-party operating payments

429000 AUD

2026-06-30
qgl-loan-rateRelated-party finance facility annual interest rate

11.75 percent

2026-06-30
qgl-loan-maturityRelated-party finance facility maturity

2027-12-31 date

2026-06-30
qgl-top20-holdersTop 20 shareholder ownership

62.36 percent

2026-06-30
qgl-market-close-20260925QGL ordinary share closing price

0.295 AUD/share

2026-09-25
qgl-market-volume-20260925QGL ordinary share session volume

1515 shares

2026-09-25
iea-graphite-demand-2026Graphite demand growth range through 2040 in STEPS

50-90 percent

2026-07-16
iea-graphite-refining-2026China share of global graphite refining

>90 percent

2026-07-16
Conflicts requiring judgment1
  • capital_structure.options_terms

    The contemporaneous Appendix 3G is the specific legal securities notice and is selected over the later inconsistent accounting-note description.