Quantum bids for graphite consolidation

AMIDST the general hullabaloo in global graphite markets, which has investors making a hue and cry about African opportunities, minnow Quantum Graphite has quietly pressed a A$5.7 million bid for its long-suspended neighbour in South Australia, Lincoln Minerals.

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Uley has produced intermittently for over 100 years

Quantum owns Australia's most established graphite mine, Uley, while Lincoln has Eyre Peninsula exploration licences, notably the Kookaburra Gully project where there are resources of 3.