Vanadium and oil shale junior miner QEM is progressing towards a pre-feasibility study at its Julia Creek Project between Townsville and Mount Isa in North West Queensland.
The company was expanding its testing parameters to come up with an optimum processing path said QEM Managing Director Gavin Loyden.
It would be conducted at HRL Technology Group in Melbourne (HRL), said Mr Loyden.
“This next stage of test work is designed to hone in on the most prospective processing route for Julia Creek, with the best balance of oil and vanadium extraction and likely cost inputs such as required temperatures, reagent usage and acid consumption,” he said.
“Tests so far are very promising on finding the right balance, and we are now looking to further refinements.
“Ultimately, once the processing route is determined we want to move on to the next stage of development in engineering design and cost modelling, so we can seek to realise the dual commodity opportunity for oil and vanadium production at the Julia Creek Project.”
The Julia Creek Project currently hosts a JORC resource of 2,760Mt with an average V2O5 content of 0.30% and a 3C Contingent Oil Resource of 783 MMbbls with an average oil yield of 53 litres per tonne, Mr Loyden said.