You are currently viewing Latest figures secure QEM’s Julia Creek project

Latest figures secure QEM’s Julia Creek project

QEM has upgraded the resource for its Julia Creek vanadium and oil shale project.

The company has announced an increase in the size and grade for the vanadium deposit, as well as a significant upgrade in the confidence of the oil resource at the site.

The Julia Creek Vanadium and Oil shale Project is situated 6km south-east of the Julia Creek township in Queensland, 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.

The Project covers a total of 250km2 within the North West Minerals Province (NWMP) and holds a 2,870Mt Vanadium JORC Resource, making it one of the single largest Vanadium deposits in the world, with the added benefit of a contingent in-situ oil resource contained within the same ore body.

Related: QEM Ltd Managing Director Gavin Loyden will present the Julia Creek Vanadium and Oil shale Project at the online Connecting Industry Conference Queensland on June 13. To find out more, connect here.

QEM managing director Gavin Loyden said the upgrade clearly demonstrated the size and consistency of the QEM tenements.

“The resource upgrade comes at an optimal time, enabling QEM to integrate the new findings into our new scoping study, which is on track for release in 2Q 2024, signifying a major step forward for the company’s production ambitions,” he said.

“We’ve substantially bolstered the confidence level in both our vanadium and oil shale resource bases, propelling us towards realising our ambition of developing Australia’s critical minerals resources and delivering innovative energy solutions which will help Australia with meeting its own energy transition targets.

In 2022/23, QEM contributed to the region with several work packages being assigned to local contractors in
Julia Creek and the North West Minerals Province, for work including steel fabrication, plant hire, civil site works,
building renovations, as well as preparation for QEM’s 2023 drilling campaign.

This article in part, courtesy of Industry Queensland.