$470 Million Vanadium Mine – Julia Creek, North Queensland

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The State Government has announced that the new $470 million vanadium mine, located at Saint Elmo situated east of Julia Creek in the centre of North Queensland has been declared a prescribed project.

Location of the site

Cameron Dick, Minister for State Development outlined that the Multicom Resources Limited project, located 25 km east of Julia Creek outside of Cloncurry and My Isa would provide construction and operational jobs for locals within the McKinlay Local Government Area.

“This project has an anticipated 30-year life span, which could mean decades of secure jobs for locals”. “The proponent will mine and process vanadium for use in the growth market of vanadium batteries and new technologies within the renewable energy sector, and in high-strength steel production.”

“Initially, 10,000 tonnes per annum will be mined at the site, which is in the North West Minerals Provence, with the workforce expected to be largely sourced locally and housed in the region”. “An additional 100 operational and 150 construction jobs will be created as the project expands production to 20,000 tonnes per annum over time”.

“The Saint Elmo project will contribute to long-term sustainable growth in North West Queensland”. “In addition to the mine, the project includes a processing plant, rail spur line into the mine site, workforce accommodation village and associated infrastructure including an off-site water supply dam and 20km pipeline to the project site,” Mr Dick said.



The new prescribed project declaration enables the project to be streamlined and the fast-track of approvals and delivery as required. The Coordinator-General is enabled to ensure timely decision making for the project and to intervene in the approvals process if necessary.

The project has been confirmed to be consistent with the Economic Diversification Strategy for North West Queensland to provide investment, contributing to developing strong supply chains and creating sustainable communities.

Shaun McCarthy, CEO of Multicom Resources Limited supported the new designation. “We are very grateful for the continued support provided by the Queensland Government to the Saint Elmo Vanadium Project”.“Gaining the required permits and approvals in a timely and efficient manner is a critical aspect of our development plans,” Mr McCarthy said.



The EIS listed on the Multicom Resources Limited website outlines that, “the Project proposes to take advantage of the increasing supply gap associated with high-strength steel production, the growth market of vanadium batteries and the emergence of vanadium based compounds as a revolutionary metal in new technologies. The rise of renewable energy sources and associated battery storage capacity has necessitated the development of battery storage projects that require sources such as vanadium”.

Timeframe
– Early 2020 – declared a prescribed project
– Late 2020 – Construction could commence
– 2021 – first vanadium exports

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Source: Information, Drawings and Images
All article information is sourced and available for review from referenced locations.
– Media Release – $470 million mine one step closer for North West
– Information and images: Multicom Resources Limited
 Interactive Image: Google Aerial and Streetview

 

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Source: Information, Drawings and Images
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