Australian Research Independent Investment Research - QEM Limited
ADVERTISEMENT
The Assay - Mining investment news, insights and company profiles
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Africa Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
The Assay - Mining investment news, insights and company profiles
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Africa Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home Articles

Australian Research Independent Investment Research – QEM Limited

By Mark Gordon, IIR

byThe Assay
4 years ago
Reading Time: 2 mins read
Australian Research Independent Investment Research – QEM Limited

QEM Limited (“QEM” or “the Company”), was admitted to the official list of the Australian Securities Exchange on October 19, 2018 under the code QEM, with its sole project being the 100% owned Julia Creek Project (“Julia Creek” or “the Project”) located near the town of Julia Creek in North Queensland. Julia Creek is located over the Toolebuc Formation, which is the host to widespread vanadium mineralisation, and is also considered an “oil shale”, hosting significant petroleum resources.

The Company has a Mineral Resource Estimate (“MRE”) of 1,700 Mt @ 0.34% V2O5 (5.78Mt contained V2O5) , with 3C Contingent Oil Resources of 589MMbbl, based on 90% extraction of Petroleum Initially In Place (“PIIP”) of 654MMbbl, with a yield of 64.1 litres/tonne.

Resources are shallow, flat lying and potentially open pittable, with the Toolebuc Formation long being recognised for the vanadium and petroleum potential, with significant historic work being done for both commodities. The current vanadium price rises (possibly reflecting a structural change in the market, leading to stronger prices for the longer term) has awakened interest in the area, with at least four companies, including QEM, now having significant interests.

On the petroleum front (however with petroleum being of secondary interest behind the vanadium), shallow areas of the Toolebuc Formation could in the longer term (and in any times of significant conflict) be a strategic asset given Australia’s reliance on crude oil and refined product imports, and a lack of reserve stocks. The Toolebuc Formation hosts a discovered petroleum resource of ~22Bbbl, however any development has been hampered by the need for treatment through retorting with high costs requiring long term +US$80/bbl oil prices to be economically viable.

Also on the petroleum treatment side, QEM has signed a Memorandum of Understanding (“MoU”) with Petroteq Energy Inc (“Petroteq”, PQE.TSX-V) with regards to a proprietary, environmentally friendly closed loop solvent extraction process for which commercial production has recently been initiated treating US oil sands. Under the terms of the agreement, Petroteq will carry out test work on samples of the Toolebuc Formation to assess the suitability of the process for Julia Creek. Should this be successful it could be a game changer, in allowing for the low cost treatment of the oil shales through modular equipment.

VIEW FULL REPORT

TweetShareSend
Previous Post

No Ordinary Industry: The Strength of the Australian Mining Sector

Next Post

South Australia Naturally Rich with Opportunity

Related Posts

Osino Receives Multiple Project Finance Offers for Namibian Gold Development
News

Osino Receives Multiple Project Finance Offers for Namibian Gold Development

byColin Sandell-Hay, Contributor - The Assay
4 February, 2023
Snowline Gold Intersects Wide Zone of Shallow Mineralization in Yukon
News

Snowline Gold Intersects Wide Zone of Shallow Mineralization in Yukon

byColin Sandell-Hay, Contributor - The Assay
4 February, 2023
Freeman Gold Moves To TSXV And Delists From CSE
Investor Insight

Creating Opportunities for Investment Across Africa

byAmy Rotman, Content Director, The Assay
3 February, 2023
Ascendant Resources Announces High-Grade Copper Assay Results at Venda Nova South Zone
News

Ascendant Resources Announces High-Grade Copper Assay Results at Venda Nova South Zone

byKatie Gordon, Business Reporter - The Assay
3 February, 2023
Assays Confirm 50% Boost to American Rare Earths’ Halleck Creek Zone
News

Assays Confirm 50% Boost to American Rare Earths’ Halleck Creek Zone

byColin Sandell-Hay, Contributor - The Assay
3 February, 2023
Siren Gold to Raise A$2.6m to Fund Exciting NZ Exploration Opportunities
News

Siren Gold to Raise A$2.6M to Fund Exciting NZ Exploration Opportunities

byColin Sandell-Hay, Contributor - The Assay
3 February, 2023
Next Post
South Australia Naturally Rich with Opportunity

South Australia Naturally Rich with Opportunity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Popular Articles

  • Bolivia Maintains it Historic Profile as a Global Silver Centre

    Bolivia Maintains Its Historic Profile as a Global Silver Centre

    0 shares
    Share 0 Tweet 0
  • The Rise and Rise of Indonesian HPAL – But Can It Continue?

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • Zinc Mining & Market Outlook 2022-2025

    0 shares
    Share 0 Tweet 0
  • Japan Entering a Golden Age of Exploration

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Africa Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy

© 2023 The Assay

Go to mobile version