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QEM’s Julia Creek Project is one of the single largest vanadium deposits in the world today.

QEM Limited’s flagship vanadium and oil shale project is a unique world class resource.

The Julia Creek Project covers a total of 250km2 within the North West Minerals Province (NWMP) in Queensland, Australia.

The Julia Creek Project holds a 2,870Mt Vanadium JORC Resource with an average V2O5 content of 0.31%, with 461Mt in the Indicated category and 2,409Mt 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 94MMBBls of Oil equivalent in the 2C category, and 654MMBBLs in the 3C category, contained within the same ore body.

The deposit is a shallow sedimentary unit which is quite uniform in nature and can be extracted using standard open cut mining operations.

Location: Julia Creek, Queensland, Australia

Major Resources: Vanadium, Oil Shale

Key Numbers at a Glance:

The Julia Creek Project holds a 2,870Mt Vanadium JORC Resource with an average V2O5 content of 0.31%, with 461Mt in the Indicated category and 2,409Mt 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 94MMBBls of Oil equivalent in the 2C category, and 654MMBBLs in the 3C category, contained within the same ore body.

Vanadium Resource

461 Mt

Indicated @ Ave V2O5 ore content of 0.31%

Vanadium Resource

2,409 Mt

Inferred @ Ave V2O5 ore content of 0.31%

Oil Resource

94 MMbbl’s

Category 2C (recoverable @ 90%)

Oil Resource

654 MMbbl’s

Category 3C (recoverable @ 90%)

Project Location

Project Information

The QEM Limited Julia Creek Vanadium and Oil shale Project (“JCP”) comprises four exploration permits: EPM 26429, EPM 25681, EPM 25662 and EPM 27057, with a total tenement size to 249.6 km2. Situated just 6km south-east of the Julia Creek township, the project benefits from proximity to major infrastructure and services. It is intersected by the primary infrastructure corridor of the Flinders Highway and the Great Northern Railway, which connects Mount Isa to the Port of Townsville.

Progress To Date

QEM has made significant progress in developing the project to date.

2023

Encouraging bench scale pilot plant results. High yielding vanadium extraction methods developed. Renewable power project attracts global developer interest. Circular economy waste recycling project under development.

2022

Achieved 64% Resource upgrade. The pilot plant was built, commissioned and multiple tests were completed with incremental improvements. Renewables PFS complete; ecology studies and groundwater monitoring program commenced. ESG progress monitoring and quarterly reporting are in place.

2021

Completion of test work, pilot project design and advancement of hydrogen strategy. QEM appoints GHD and Epic Environmental to progress key parts of the Julia Creek Project strategy. The drilling program continues at Julia Creek.

2020

Detailed testing program underway for both vanadium and oil extraction optimisation.

2019

QEM receives positive results from preliminary testing for oil extraction. Additional permit granted for EPM 27057, increasing the total tenement size of the Julia Creek project tenements to 249.6 km2. A significant JORC Resource Upgrade resulted in a 62% increase in the size of the Julia Creek Vanadium JORC Resource, with the project now holding a 2,760Mt Vanadium JORC Resource with an average V2O5 content of 0.30%.

2018

Upgraded size of JORC Inferred Resource by 35% to 1,700 million tonnes with high-grade target zones at up to 0.74% V2O5. Daniel Harris joins the QEM board as Non-Executive Director. QEM is admitted to the official ASX list and commences trading.

2017

Project Implementation Study & Process Design Report. Acquisition of EPM 26429. Addition of Daniel Harris to the team as Chief Advisor.

2016

Scoping Study for vanadium only completed. Initial financial modelling complete, showing strong potential for economic viability. Positive test results using supercritical water for hydrocarbon production from oil shale (ATSE Grant).

2015

Initial exploration complete with large JORC (2012) inferred resource target identified. Positive metallurgy showing viability of project using known processes for V2O5 extraction.

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