Quantum Graphite Limited announced Bob Osmetti's retirement from the Board, effective 4 August 2022. The Company announced that Mr. Michael Wyer has accepted the Board's invitation to join the Board effective 15 August 2022. Michael is a highly credentialed professional with more than 25 years' experience in global banking including resources and commodities financing and has held senior executive roles in finance and operations.

This diversity of experience enhances the Board's overall skill set and is an excellent strategic fit as the company moves to the next phase of its plans for Uley 2 and the Quantum Sunlands Partnership.