Quantum Graphite : AGM Presentation 2021

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Quantum Graphite Annual General Meeting

19 November 2021

quantumgraphite.com

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Annual General Meeting 2021

Introduction

Good afternoon ladies and gentlemen and welcome to this Annual General Meeting of Shareholders of Quantum Graphite Limited for 2021.

Company Participants

My name is Sal Catalano and I will chair today's meeting. I am joined today by my fellow directors, Bruno Ruggiero, Robert Osmetti and David Trimboli, Company Secretary, Rochelle Pattison and Chief Technical Consultant, Vanessa O'Toole.

Auditor Introduction

I note the presence of RSM Partners audit partner, Mr Jason Croall and thank him for attending.

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Annual General Meeting 2021

Quorum

I am informed by the Company Secretary that a quorum is present and accordingly, I declare this meeting open.

Notice of Meeting and Proxy Information

The Notice of Meeting has been available to shareholders electronically on the ASX platform since 18 October 2021. The meeting is held in accordance with the modifications to the Corporations Act enacted last year by the Federal Treasurer permitting the holding of virtual meetings.

I shall take the Notice as read. At today's meeting we have 8 items of business and 16 resolutions to consider which will be decided by way of a poll.

I also draw your attention to the Company's announcement on 12 November 2021 notifying of the withdrawal of resolutions 2(c) and 7(c).

The total number of valid proxy votes received, and the manner in which the proxies will be directed, will be displayed with each resolution considered.

Shareholder Address and Formalities

On behalf of the Board, David Trimboli and I will provide an overview of the past year's operations and achievements. This will be followed by our Chief Technical Consultant, Vanessa O'Toole's presentation of the key Uley project technical highlights. This will include the recent Uley 3 drill program. Meeting formalities will follow Vanessa's presentation.

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Corporate

Achieved in 2020/21

Completion of two equity capital raisings at substantial premium to the last traded price of the Company's shares.

Execution of funding mandate with ACT Capital for the funding of Uley 2 (Stage 1) and negotiation of indicative terms and structure. Planning the extension of the Uley 2 Project DFS with a focus on:

• Research and development activities associated with increased coarse flake purity
• Increase in Uley 2 production capacity and associated expansion of the Company's mineral reserves and resources (eg. Uley 3 MRE) Joint venture with Sunlands Co, concluded and technology collaboration expanded:
• Equity interest and key commercial terms settled
• Application submitted for grant funding under Federal Government Modern Manufacturing Initiative - Translation Scheme Initiative All Mining/Retention Leases and Exploration Licences fully maintained and Exploration Commitments fully funded.
  All environmental permits renewed

Commercial strategy focused on supporting Uley 2 project financing

The Sunlands Joint Venture delivers a massive captive opportunity and the driver of the expansion of Uley 2 production capacity Refractory/thermal application customers driving the need for increased coarse flake purity

Overall market growth underpinned by expected acceleration in growth of Li-ion batteries (EV)

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Priorities

Requotation of the Company's Securities

Significant progress made with ASX. The Board has received draft conditions from the ASX for requotation. Subject to any material changes to these conditions, the Board expects to satisfy the conditions within the next 2 weeks.

European Bond Financing

ACT Capital and the Company are progressing key materials/documentation to obtain a rating for the proposed issue. Timing of funding remains dependent upon ratings agency approval of this documentation and the issue of a rating. The listing of the bonds on the LuxSE presents an additional layer of complexity but greatly enhances potential investor base.

Mineral Reserves and Resource Expansion, Key R&D Programs

Planning for mineral reserves and resource expansion within the broader EL6224 exploration lease underpins significant extension to Uley LOM.

Acceleration of R&D programs by increasing working relationships with our overseas partners. This overcomes two major limitations - continuous COVID-19 interruption and limited available of high temperature laboratory test working environments in Australia.