Latest news with #QEM
Herald Sun
2 days ago
- Business
- Herald Sun
QEM receives terms for Julia Creek EIS
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Special Report: QEM can progress the environmental assessment for its Julia Creek vanadium and energy project after the Queensland Government finalised the terms of reference for an environmental impact statement. QEM receives finalised terms of reference for Julia Creek environmental impact statement TOR provides company with clear roadmap to develop robust EIS for the project EIS workstreams can be carried out concurrently with planned pre-feasibility study The finalised TOR outlines the scope and requirements for the EIS, enabling QEM to begin preparations which can be carried out concurrently with its pre-feasibility study. EIS documents need to provide a detailed description of the proposed project, all relevant environmental, social and economic impacts, and an assessment of the management, monitoring and other measures proposed to avoid, minimise and/or mitigate any adverse impacts. QEM's (ASX:QEM) recently appointed chief executive officer Rob Cooper said finalisation of the TOR was an important milestone for Julia Creek as it provided the company with a clear roadmap to develop a robust EIS that ensured the project met the highest environmental and community standards. 'QEM is committed to advancing the JCVEP responsibly while contributing to Queensland's critical minerals sector and the global energy transition,' he added. Julia Creek Julia Creek consists of four granted exploration permits covering ~250km2 including the vast Toolebuc Formation and hosts one of the world's largest co-located vanadium and oil shale resources. It has a resource of 2.87Bt of ore at 0.31% vanadium pentoxide, which includes an indicated resource of 461Mt at 0.28% V2O5m, along with a best estimate (1C) contingent oil equivalent resource of 94 million barrels. Vanadium demand has been growing steadily due to its use in steel production and vanadium redox flow batteries for grid-scale energy storage while oil remains a valued commodity. The August 2024 scoping study highlighted a 30-year mine schedule with a production target of approximately 10,571 tonnes of vanadium pentoxide (99.95% pure) and 313 million litres of transport fuel per annum over the life of mine. Its potential scale has been recognised by the Queensland Government, which granted a 'Coordinated Project Declaration' in December 2024 that will streamline the entire approvals process, making it easier and faster to get through regulatory requirements while still meeting environmental and community standards. The project is also situated less than 16km from the Julia Creek township, which is a hub for the surrounding agricultural and mining activities and is accessible via the Flinders Highway, rail and Julia Creek airport. This article was developed in collaboration with QEM Limited, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as QEM to progress environmental assessment for Julia Creek vanadium and energy project
Mercury
29-05-2025
- Business
- Mercury
Mining veteran Robert Cooper at QEM helm
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Special Report: QEM has secured firm commitments for a $2.05m placement to accelerate development of its Julia Creek vanadium and energy project in Queensland. QEM appoints seasoned global mining executive Robert Copper to replace founding CEO and MD Gavin Loyden $2.05m raised in placement to accelerate development of the Julia Creek vanadium and energy project Funds to support vanadium electrolyte plant design, testwork and environmental studies It has also appointed seasoned global mining executive Robert Cooper as its next chief executive officer and managing director, replacing founder Gavin Loyden who will retire at the end of the 2025 financial year after 11 years at the helm. The placement and change of guard comes as QEM Limited (ASX:QEM) progresses towards a pre-feasibility study for Julia Creek, one of the world's largest co-located vanadium and oil shale resources. It has an inferred resource of 2.87Bt of ore at 0.31% vanadium pentoxide and an indicated resource of 461Mt at 0.28% V2O5 as well as a low estimate (1C) contingent oil resource of 6.3 million barrels. The company is raising $2.05m via the issue of 45.55 million shares at 4.5c each to fund the concept design for the vanadium electrolyte production plant, testwork by the University of Queensland, infill and sample drilling, and environmental studies. Participants in the placement will also receive one free-attaching option exercisable at 6.5c and to expire three years from issue for every two shares subscribed for. Leadership transition Loyden said that with the company in a strong cash position and ready to start a PFS on the Julia Creek project, it was now the right time to retire and hand leadership to a highly experienced global mining executive. 'I am very happy that the company has been able to attract a new CEO with the global credentials that Robert brings to QEM and I'm excited for the future of the company,' he added. Cooper has more than 30 years of global mining experience, including senior executive leadership and non-executive board roles across the resources and battery materials sectors. He was most recently managing director of New Century Resources and was chief executive officer of Round Oak Minerals, a wholly owned subsidiary of Washington H. Soul Pattinson (ASX:SOL) prior to that. Cooper has also held senior roles with Discovery Metals and BHP along with non-executive director roles with Novonix (ASX:NVX), Syndicated Metals and Verdant Minerals. 'I welcome Robert Cooper as QEM's CEO to lead the next phase of our development,' chairman Tim Wall said. 'His deep technical, strategic and commercial background in global metals exploration, project development and operations — along with his experience in the battery materials space — stand him in strong stead to lead QEM through this next chapter.' This article was developed in collaboration with QEM Limited, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as QEM appoints new CEO, raises $2.05m to advance Julia Creek
Yahoo
20-03-2025
- Business
- Yahoo
QEM First Half 2025 Earnings: AU$0.011 loss per share (vs AU$0.018 loss in 1H 2024)
Net loss: AU$1.77m (loss narrowed by 35% from 1H 2024). AU$0.011 loss per share (improved from AU$0.018 loss in 1H 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period QEM shares are down 1.6% from a week ago. Don't forget that there may still be risks. For instance, we've identified 6 warning signs for QEM (5 can't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
