Quantum Graphite (ASX:QGL) has revealed its acquisition of a new exploration licence in South Australia ahead of maiden drilling. The South Australian mines department awarded EL7019, bringing total project acreage to nearly 120sq.km. The company expects that asset to cost an additional $20k/y in CapEx. EL7019 is of interest to Quantum’s geotechs as it seeks to expand the “multi decade resource” at the Uley project, with the company reporting on Monday it’s been looking at the permit since late Q1 of CY2024. Airborne electromag data was collected and reported in July of 2024. At the time, the …