AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

QUANTUM GRAPHITE LIMITED Capital/Financing Update 2019

Dec 17, 2019

65646_rns_2019-12-17_285fc934-439f-4784-abe9-3bd05ca523ae.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [474 x 66] intentionally omitted <==

MARKET RELEASE For Immediate Release 18 December 2019

CAPE HARDY PORT UPDATE

$25 Million Federal Government funding underpins Stage I port development

Quantum Graphite Limited welcomes the commitment made by the Federal Government for the allocation of $25 million over the 2019-20 and 2020-21 fiscal years to support Stage 1 of the Cape Hardy port development (see attached).

The funding commitment, included within Federal Government’s Mid-Year Economic and Fiscal Outlook underscores the importance of this development to the future of the Eyre Peninsula’s major industries of agriculture, fisheries and mining.

Chairman, Bruno Ruggiero said that all stakeholders within the region recognise that a critical constraint on its future development is the lack of multi-user/multi-product deep water port facilities. Mr Ruggiero said, “we know this will transform the economics of the Eyre Peninsula’s key industries. Infrastructure delivering direct market access is essential to the region’s future”.

For further information contact: Company Secretary Quantum Graphite Limited e: [email protected]

Quantum Graphite Limited ACN 008 101 979 GPO Box 214, Melbourne, Victoria, 3001, Australia T: +613 8614 8414 [email protected] qgraphite.com

==> picture [203 x 89] intentionally omitted <==