QEM Limited (ASX:QEM) is an emerging Australian critical minerals and energy company advancing its flagship Julia Creek project in Queensland’s North West Minerals Province. Hosting one of the world’s largest vanadium deposits—with a JORC resource of 2.87 billion tonnes at 0.31 percent V₂O₅— and a co-located contingent oil resource of up to 654 million barrels, Julia Creek offers significant scale and dual commodity upside.
QEM’s dual-commodity model provides investors with rare exposure to both vanadium—vital for long-duration grid storage—and liquid fuels that support Australia’s energy security. This diversified strategy positions QEM to capitalize on two high-growth markets: renewable energy storage through vanadium flow batteries and domestic fuel production in a nation that imports ~93 percent of its liquid fuels.
The Julia Creek project benefits from proximity to key road, rail, and planned power infrastructure, including the government-backed CopperString high-voltage line, helping reduce capital intensity. Supported by favorable market trends, strong policy backing, and an experienced leadership team, QEM is progressing toward a final investment decision and long-term production.
Company Highlights
- Dual-revenue Commodity Model: QEM’s Julia Creek Project is uniquely positioned to produce both high-purity vanadium pentoxide and liquid transport fuels, offering two robust and diversified revenue streams.
- Massive Resource Scale: One of the world’s largest vanadium deposits, co-located with 654 MMbbls of in-situ oil resource, with 6.3 MMbbls classified in the 1C category and 94 MMbbls in 2C.
- Strong Economics: 2024 Scoping Study delivered a post-tax NPV of AU$1.1 billion and 16.3 percent IRR for a 30-year mine life based on just a portion of the tenement area.
- Strategic Location & Infrastructure: Located within Queensland’s North West Minerals Province, adjacent to key infrastructure and the planned CopperString high-voltage transmission line.
- Energy Transition Exposure: Focused on supplying vanadium for long-duration energy storage applications such as vanadium flow batteries and addressing Australia’s transport fuel import dependency.
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