Julia Creek Oil-Shale & Vanadium Project
In 2015, QEM conducted an initial exploration program which resulted in a maiden JORC Inferred Resource of 1,326 million tonnes, with an average yield of 0.36% vanadium pentoxide content, and an average oil content of 64.1l/t within the oil shale unit. In addition, other minor metals are also available including; nickel, copper, molybdenum and zinc.
In March 2018, there was an upgrade to the JORC Inferred resource by 35% to 1,700 million tonnes, with an average yield of 0.34% vanadium pentoxide content.
Crucial infrastructure enabling ‘mine to market’ includes corridor of the Flinders Highway, Great Northern railway line enable transportation to the Port of Townsville.
Throughout the various studies, there is strong indication that there is a significant opportunity for a world-class vanadium and oil shale mine.