DISCOVERY, DEVELOPMENT & GROWTH
Multicom Resources Limited is a mining company developing the advanced Saint Elmo vanadium deposit through its feasibility studies and statutory approvals processes. Multicom’s 100%-owned Saint Elmo project is situated 25km east of Julia Creek in Queensland’s North West Minerals Province. This district is renowned as one of the world’s richest mineral-producing regions.
The Saint Elmo Project has a large-scale, JORC 2012 Compliant Resource that occurs at-surface and has a maximum depth of 20m. This shallow, sedimentary deposit is free-dig, resulting in a low cost, low impact mining and beneficiation process. The metallurgical process incorporates cost effective, proven technologies to extract high grade vanadium pentoxide.
Multicom continues to work closely with its strategic partners in the development of the Saint Elmo Project. These partners include Wave International, Epic Environmental, Downer Group (ASX:DOW), Alexander Mining (LON:AXM), and StorEn Technologies.
Having already established relationships with offtake partners across the steel and energy storage sectors, Multicom is set to become a global supplier of vanadium products.
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* Information in profile correct as of January 2019