Did you know that Queensland has one of the world’s largest known resources for vanadium, mainly in oil shale developments? With new industries set to play a key role in supporting the growth of thriving regions QEM Limited (ASX:QEM) is proposing to extract and process both vanadium and oil shale at their Julia Creek Vanadium and Energy project. QEM are proposing both conventional and novel approaches to process oil shale, with some of the technology routinely used internationally but not yet within Australia. This project will: 🔹Create economic opportunities locally and in Townsville 🔹Provide a source of fuel for local industries 🔹Support the development of an emerging vanadium industry 🔹Create additional local jobs to keep our regions thriving! The Coordinator-General’s declaration of this project as a coordinated project recognises the role that the north-west Queensland region is playing in helping the state meet renewables targets. The next step is for us to prepare the terms of reference for the environmental impact statement to ensure that any environmental, economic or social impacts are identified and minimised and benefits enhanced. You can read more about this project here: https://lnkd.in/gAn9gs4b
