About QEM

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 with the potential to deliver and utilise innovative and sustainable energy solutions.

The Company’s flagship Julia Creek Project 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 together with a material volume of aluminium contained within oil shale at the Julia Creek Project, represent a highly-feasible opportunity for development. In short, QEM can efficiently reap the rewards of multiple commodities while only having to drill for one. This enhances margins and drives long-term shareholder value.

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 Townsville.

This unique world-class deposit will provide QEM with significant penetration of the burgeoning battery market, liquid fuels sector and the global steel industry, underpinning the Company’s desire to deliver innovative energy solutions.

For more information on QEM Limited and the Julia Creek vanadium / oil shale project, please see our Investor Centre.

Investor Centre

Our Team

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.



Mr Foley has over 30 years’ experience in the resources, financial and investment industries. Graduating in law from the University of Sydney in 1969, Mr Foley was admitted to practise as a barrister in New South Wales in 1971.

He was called to the Irish Bar in 1989 and admitted as a Member of the Honourable Society of Kings’ Inns in Dublin. With extensive business experience in Australia and overseas, his leadership roles have covered a broad scope of senior positions, and his commercial and legal background provides a depth of knowledge and experience to QEM.

Mr Foley has been a guest speaker at the World Gold Council in New York and was a Director of the Australian Gold Council for eight years.



Mr Loyden founded QEM Limited after identifying and then leading the acquisition and then development of the Julia Creek Vanadium / Oil Shale Project. He was responsible for the early funding indicatives of the Company, and oversaw the initial exploration program and scoping study, which resulted in a significant JORC resource.

Through his previous private business, Mr Loyden has assisted a range of companies from early stage development through to international stock market listings and has extensive experience in the structuring of capital raising proposals for both private and public companies. Mr Loyden’s advice also covered executive selection, and Corporate Governance advice.  Mr Loyden is a member of the Australian Institute of Company Directors.



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 of Australian Vanadium Limited (ASX: AVL), BlackRock Metals Inc. (Canada), Atlas Iron (ASX: AGO), also served as former CEO & COO positions with Atlantic (ASX: ATI).

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



Mr Henderson is an Advisory Board Member, Director, Company Executive and project development expert, with 40 years’ experience of delivering major capital projects in the mining, energy and hydrocarbons industries. He has held senior executive roles with several oil and mining multinationals including Rio Tinto and the BHP Billiton Mitsubishi Alliance. He has consulted to energy companies in Australia, Africa and Asia. He brings his thorough understanding of the entire project development lifecycle to the QEM Board.

Most recently, Mr Henderson has been the Head of Advisory – Energy and Projects at Siecap Pty Ltd, the specialist project management consultant firm that QEM selected in April 2021 to prepare the Company’s Julia Creek vanadium and oil shale project development strategy and to implement feasibility study and project development disciplines.



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.

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: