About the Julia Creek Project – Unlocking Queensland’s Critical Minerals Potential

QEM Limited (ASX:QEM) is focused on the exploration and development of the Julia Creek Vanadium and Oil Shale Project, a unique world class critical minerals resource.

The Company’s flagship Julia Creek Project currently holds a 2,850Mt Vanadium JORC Resource with an average V2O5 content of 0.31%, with 360Mt in the Indicated category and 2,490Mt in the Inferred category, making it one of the single largest vanadium deposits in the world, with the added benefit of a contingent (SPE-PRMS 2018) in-situ oil resource of 79MMBBls of Oil equivalent in the 2C category, and 696MMBBLs in the 3C category, contained within the same ore body.

The globally significant vanadium pentoxide resource contained within oil shale at the Julia Creek Project, represents an opportunity for development. In short, QEM seeks to reap the rewards of multiple commodities from a single deposit.

The Julia Creek Project Location

QEM’s tenements, which cover 249.6km² in the Julia Creek area of North Western Queensland, Australia, form part of the vast Toolebuc Formation, which is recognised as one of the world’s largest deposits of vanadium and oil shale. In close proximity to all major infrastructure and services, the Project is intersected by the main infrastructure corridor of the Flinders Highway and the Great Northern Railway, connecting Mount Isa to the Port of Townsville.

This unique world-class deposit, provides QEM with the opportunity to supply critical markets such as energy storage, the global steel industry and the liquid fuels sector.

About Us – Our Board of Directors

The QEM Board draws upon decades of experience in the resources sector ensuring that the Company is best placed to capitalise on the vast opportunities afforded from the Julia Creek Project. QEM’s ESG-inclusive Board Matrix may be found here.

Tim Wall | Chairman

Mr Wall is a highly experienced company director and executive across energy, infrastructure, transport and resources sectors, with a strong leadership track record at multiple ASX100 companies. His impressive list of recent achievements includes driving a strategic shift in manufacturing while President of Global Manufacturing and Corporate HSE for Incitec Pivot. He also delivered highly successful operational outcomes while occupying senior managerial positions at Caltex Australia and BP Australia.

Mr Wall currently serves as a Senior Advisor – Oil and Gas at management consultant dss+ and as a Director for energy consultant TJW Energy, with specific expertise in hydrogen and ammonia manufacturing, storage and transportation, and energy storage technologies.

Mr Wall brings strong ESG credentials to the QEM Board, exemplified by his four-year board tenure on the not-for-profit National Association of Women in Operations.

Gavin Loyden | Managing Director

Gavin Loyden is the Founder and Managing Director of QEM Limited, having identified and acquired the significant dual commodity resource at Julia Creek. As such, Mr Loyden is responsible for QEM’s capitalisation, exploration program and development of QEM’s flagship vanadium and oil shale project.

Prior to founding QEM, Mr Loyden assisted a range of companies from early stage development through to international stock market listings. He has over a decade of experience in the mining industry and extensive experience in the structuring of capital raising proposals for both private and public companies, executive selection, and Corporate Governance. Mr Loyden is a member of the Australian Institute of Company Directors.

Daniel Harris | Non Executive Director

Mr Harris is an accomplished mining executive with 37+ years in all aspects of the resources sector and has held executive roles in companies located in Russia, South Africa, USA and Australia.

Graduating from the University of Nevada with a Bachelor of Science and Chemical Engineering, he has developed a specialisation in vanadium. He currently holds directorships in U.S. Vanadium LLC, Australian Vanadium Limited (ASX: AVL), Flinders Mines (ASX: FMS) and acts as an independent technical consultant to GSA Environmental Limited in the United Kingdom.

Previous roles include interim CEO and Managing Director at Atlas Iron; Chief Executive & Operating Officer at Atlantic; Vice President & Head of Vanadium Assets at Evraz Group; Managing Director at Vametco Alloys; General Manager of Vanadium Operations at Strategic Minerals Corp.

As a vanadium industry veteran, Mr Harris brings a wealth of experience to QEM and is an invaluable asset to the Company in the exploration and development of its Julia Creek project.

David Fitch | Non Executive Director

Mr Fitch was previously the Chief Operating Officer and joint major shareholder of the Fitch Group – a group of companies with assets in excess of $250 million spread across the commercial, residential, manufacturing, retail and hotel industries.

He has extensive experience in strategic planning, commercial negotiations, business operations and asset management, with a particular focus on Greenfield development sites for the commercial / retail sectors and residential development.

He is also actively involved as director of BioCentral Laboratories Ltd, a company producing advanced products for the firefighting industry, in addition to dust suppressants for mining and road construction. Mr Fitch is also the largest shareholder of QEM.

Tony Pearson | Non Executive Director

Tony Pearson is a highly experienced company director with 10 years experience on Australian, Toronto and Hong Kong Stock Exchange-listed company, government, and not-for-profit boards.

Mr Pearson’s experience spans natural resources, infrastructure, and State and Federal Government. He is currently Chair of Possability Group Limited and ASX-listed company, Cellnet Group Limited. He also serves as a Non-Executive Director of ASX-listed Xanadu Mines and not-for-profit Communicare and was previously Chair of ASX-listed Peak Rare Earths. His experience includes a variety of senior positions as a finance and investment professional, most recently as Managing Director at HSBC (Hong Kong Shanghai Banking Corporation) and prior to that as Group Executive at SouthGobi Resources.

Mr Pearson’s experience also bolsters the Board’s ESG credentials. He is the Chair of Possability, a leading human services organisation in disability and youth services. As a Commissioner at the Independent Planning Commission, he determined state significant development projects, with a need to consider environmental and other stakeholder impacts, across natural resource, wind and solar farm projects. As a former Senior Advisor to Regnan, Mr Pearson provided ESG advice to some of Australia’s largest institutional shareholders.

Management Team

Joanne Bergamin | Director, Communications & Sustainability

Chris Vizzuett | Project Manager

Lian D’Netto | Project Coordinator

Industry Memberships

QEM is proud to be a member of the following industry organisations:

Industry Partners

QEM is pleased to work with the following partners:

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