Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)
Lithium
44.03
(0.23%)
Gold
2,666.00
0.09%
Copper
4.34
(1.4%)
Oil
70.83
(0.95%)
Bitcoin
65,688.20
(0.57%)
FTSE 100
8,285.24
(0.09%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.20
(1.29%)
USD/AUD
0.67
(0.28%)
Hang Seng
20,262.73
(3.72%)

QEM (ASX: $QEM) reports 28% increase in vanadium resource

QEM provides update on Julia Creek Project for the quarter ending 31 March 2024


QEM Limited (ASX: $QEM) is pleased to report a 28% increase in the indicated vanadium resource to 461Mt and 2,406Mt in the inferred category for its 100% owned Julia Creek Vanadium and Oil Shale Project (JCP) in Julia Creek, Northwest Queensland. The company also announced a maiden 1C resource of 6.3 million barrels (MMbbl's) of oil equivalent, along with a 32% increase of the 2C oil shale estimate to 94 MMbbl's, and a 3C oil shale resource estimate of 654 million barrels (MMbbl's).

Executive Commentary on Julia Creek Project Update


The March quarter has been a pleasing one for the QEM team and shareholders alike, from a substantial increase in our JORC resource to the finalisation of the sale of the Julia Creek Renewables Project (JCRP) to ENEL Green Power Australia (EGPA). In addition, we are proud to have continued our collaboration with The University of Queensland which began in 2022. This relationship has benefitted QEM significantly, both with UQ's Sustainable Minerals Institute (SMI) identifying improved beneficiation techniques for the flagship Julia Creek Project (JCP) and the School of Chemical Engineering assisting with a waste-based circular economy project. The UQ School of Chemical Engineering, on QEM's behalf, has successfully demonstrated the technical feasibility of upcycling industrial waste to high value, high purity vanadium pentoxide, ideal for usage in long duration battery systems. This is an Australian first.

Summary of Julia Creek Project Update


QEM Limited (ASX: $QEM) has reported a significant increase in the indicated vanadium resource to 461Mt and 2,406Mt in the inferred category for its Julia Creek Vanadium and Oil Shale Project. The company also announced a maiden 1C resource of 6.3 million barrels (MMbbl's) of oil equivalent, along with a 32% increase of the 2C oil shale estimate to 94 MMbbl's, and a 3C oil shale resource estimate of 654 million barrels (MMbbl's). The company's collaboration with The University of Queensland has resulted in the identification of improved beneficiation techniques and the successful demonstration of upcycling industrial waste to high value, high purity vanadium pentoxide. QEM's activities align with the Queensland Government's initiatives to support critical minerals development, and the company aims to become a leading producer of liquid fuels and a global supplier of high-quality vanadium pentoxide.

QEM LIMITED
QEM | ASX | Materials
0.0990.007(+7.61%)
At close 14/10 (AEDT)
Market cap
$15.0M
Volume
21,418
DY Yield
PE Ratio
52 Week Range
0.079969 - 0.21
1YR Return
N / A

0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions