QUANTUM GRAPHITE LIMITED — AGM Information 2018

Nov 22, 2018

2018 ANNUAL GENERAL MEETING

23 November 2018

• 1. Formal Business
• 1. Recap of developments since last 2017 AGM (June 2018)
• 1. Recap of Uley Project assets
• 1. Overview of company's plans including progress of Definitive Feasibility Study

Annual Financial Report – 2018

To receive and consider the 2018 Annual Financial Report of the Company and its controlled entities and the reports of the Directors and of the Auditors for the financial year ended 30 June 2018.

Resolution	Business	For	Against	Abstain	Open
1	Remuneration Report	1,547,924,844	32,144,143	2,511,771,376	351,690,459
2a	Election of Sal Catalano	2,905,893,325	30,629,872	1,486,834,434	20,173,191
2b	Election of David Trimboli	3,919,356,837	29,160,279	474,840,515	20,173,191
2c	Election of Robert Osmetti	4,014,924,551	29,095,199	47,784,613	351,726,459
3a	Issue of Shares to Steven Chadwick	4,240,650,965	40,054,553	142,925,613	19,899,691
3b	Issue of Shares to Sal Catalano	2,902,449,867	40,149,330	1,481,011,934	19,919,691
3c	Issue of Shares to Robert Osmetti	4,010,082,361	40,138,119	41,925,613	351,384,729
3d	Issue of Shares to Bruno Ruggiero	3,886,596,356	40,049,889	496,964,886	19,919,691
3e	Issue of Shares to David Trimboli	3,871,260,762	40,013,428	510,674,268	21,582,364

The Chairman, intends to vote all open/undirected proxies in favour of the relevant resolution(s).

• Completion of the company's restructure and recapitalisation
• Grant of Exploration Permit EL6224 (renewal of former EL4778) and lodgement of further renewal application for EL6224 for a further two years
• Securities reinstated to official quotation on 27 September 2018
• Commencement of works on Uley Project Expansion Definitive Feasibility

• Mining leases total 66 ha with an additional 412.5 ha in Retention leases
• Large scale, highly prospective Exploration licence of approximately 75km2 recently reissued
• Uley Pit 2 contained substantially within ML5561 with significant continuous expansion to the south west within retention lease areas

Tenement	Tenement Type	Interest
ML5561	Mining Leases	100%
ML5562	Mining Leases	100%
RL66	Retention Lease	100%
RL67	Retention Lease	100%
EL62242	Exploration Licence	100%

JORC Recap

Uley Pit 2 –Ore Reserve Update May 2015
Tonnes are expressed in dry metric tonnes (rounded)
Classification	Tonnage	Average Grade	Contained Tonnes
Proved	340,000	17.6	59,840
Probable	2,577,000	11.4	293,778
Total Ore Reserve	2,917,000	12.1	353,618

Pit 2 –UleyJORC 2012 Mineral Resource
Classification	Tonnage	Average Grade	Contained Tonnes
Measured	360,000	17.51	60,000
Indicated	2,750,000	11.39	310,000
Inferred	1,440,000	10.61	150,000
Totals	4,540,000	11.63	520,000

Tonnes are measured as dry metric tonnes Average Grade is measured as percentage of graphitic carbon

• § All JORC data based on the last mineral reserves and resources statement issued in May 2015 covering Uley Pit 2
• § JORC data subject to review as part of DFS including incorporating the 2014 extension drill campaign within the company's reserves and resources
• § As part of this review, a reconciliation has been conducted of the 2014 extension drill campaign data. This work has been substantially completed and the company expects to release all of this drill data by the end of November 2018.

• § Complete DFS for the upgrade of the Uley Project to deliver economically viable tonnage – estimated at 42,000 to 50,000 tonnes
  • Expansion of the resources
  • Expansion of mine plan
  • Construction of a new process plant that will deliver high grade flake graphite concentrate ˃94% TGC with significant product optionality
• § Market strategy
  • Supply/prefer established processors, principally in Asia, over end users
  • Does not preclude direct sales to end users, given history of product with key refractory manufacturers
  • New process plant optionality ensures the company is prepared for the likely transformation of the graphite market within the next 2 to 5 years.
  • Develop alternative markets including thermal battery initiative not necessarily dependent on advanced processing of product

Q & A.

This presentation includes certain statements that may be deemed forward-looking statements. All statements (including presentation materials other than statements of historical facts) which address future production, reserve potential, exploration activities & events or developments that the Company expects, are forward-looking statements. Such forward-looking statements include, without limitation: (i) estimates of future graphite prices, supply, demand &/or production; (ii) estimates of future cash costs; (iii) estimates of future capital expenditures; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements regarding future exploration results; (vi) statements regarding cost structure, project economics, or competitive position,&; (vii) statements comparing the Company's properties to other mines, projects or metals. Although the Company believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance & actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation & exploration successes, continued availability of capital & financing, & general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance, that the Company expressly disclaims any responsibility for revising or expanding the forward looking statements to reflect actual results or developments, & that actual results or developments may differ materially from those projected, in the forward looking statements.

This presentation does not constitute a recommendation regarding the securities of the Company, & should not be construed as legal or financial advice. It has been prepared for information purposes only & contains general summary information & does not take into account the circumstances of any Individual investor. Prospective investors in the Company are encouraged to obtain separate & independent advice with regard to any investment in the Company. By accepting the presentation, the recipient agrees to keep permanently confidential the information contained herein.

The Company confirms that it is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the estimates in this announcement continue to apply and have not materially changed.

Photographs, maps, charts, diagrams & schematic drawings appearing in this presentation are owned by & have been prepared by or commissioned by the Company, unless otherwise stated. Maps & diagrams used in the presentation are illustrative only & may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs & tables is based on information available at the date of this presentation. By accepting this presentation, the Recipient agrees to be bound by the foregoing statements.