QEM Limited (ASX: QEM) is an Australian ASX-listed mining company focused on the exploration and development of the Julia Creek Vanadium and Energy Project. This world-class critical minerals resource will drive long-term shareholder value.
With our tenements covering 250km² in the Julia Creek area of North Western Queensland, Australia, we are committed to the exploration and development of resources with potential applications in the battery market, liquid fuels sector and steel industry.
The Julia Creek Vanadium and Energy Project holds a 2,867Mt Vanadium JORC Resource with an average V2O5 content of 0.31%, making it one of the single largest Vanadium deposits in the world. Additionally, the project contains a contingent in-situ oil resource of 6.3 MMbbls of Oil equivalent in the 1C category, 94MMbbls in the 2C category, and 654MMbbLs in the 3C category, all within the same ore body.
Indicated @ Ave V2O5 ore content of 0.31%
Inferred @ Ave V2O5 ore content of 0.31%
in Category 2C and 6.3MMbbls in Category 1C
Category 3C (recoverable @ 90%)
RIGHT PROJECT AT RIGHT TIME
The Julia Creek Project is strategically situated along the main infrastructure corridor on the Flinders Highway and the Great Northern Railway, connecting Mount Isa to the Port of Townsville, offering seamless access to all major infrastructure and services.
QEM’s Julia Creek Project positions us to benefit from the expanding battery market, liquid fuels sector and steel industry applications while utilising renewable energy to meet growing global demands.
The pilot plant has been designed and developed to validate QEM’s proprietary extraction process, ahead of a commercial demonstration plant.
QEM’s primary focus is the extraction of vanadium and energy and we have achieved highly encouraging extraction rates with further optimisation work underway.
Oil Yields (Equivalent) ~180% of Modified Fischer Assay (MFA)**
** QEM ASX Announcement December 6th 2022
The QEM team is very motivated to play its part in the energy transition as we continue to develop our flagship critical minerals project. From inception, QEM set itself a goal to power its mining processes and green hydrogen production using 100% renewable energy. We are closer to achieving this goal after designing a large scale (1GW) hybrid renewables project consisting of wind/solar/BESS. This project was sold to one of the world’s largest renewables developers, Enel Green Power through its Australian arm, Enel Green Power Australia (EGPA).
Queensland Government actively supportive of Critical Minerals projects.
World Mining Congress, June 2023. (L to R: QEM Chair Tim Wall, Communications Director Joanne Bergamin, Qld Premier Annastacia Palaszczuk, Minister for Resources Scott Stewart
QEM Limited is committed to upholding the highest standards of ESG and corporate governance, ensuring sustainable growth and long-term success. Our approach encompasses environmental responsibility, social accountability and adherence to best practices in governance.
Meet the experienced and passionate team behind QEM Limited, driving the exploration and development of our world-class critical minerals resource projects.
Access the latest QEM Limited investor information, including ASX announcements, financial reports, presentations and other relevant updates.
Vanadium Pentoxide production will provide QEM with significant penetration of the burgeoning battery market and
the global steel industry.
