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- QEM (QEM) has signed a project execution strategy agreement with project management consultancy Siecap to advance the Julia creek vanadium and oil shale project and the company’s green hydrogen strategy
- Under the agreement, Siecap will take a management role at QEM to develop an execution strategy for the mining, extraction, processing and export of vanadium pentoxide, transport fuels and green hydrogen from Julia Creek
- This will allow Siecap to conduct work to support the progression of a pre-feasibility study on the Julia Creek project
- QEM is up 5.71 per cent, trading at 18.5 cents
QEM (QEM) has signed a project execution strategy agreement with Siecap to advance the Julia creek vanadium and oil shale project and the company’s green hydrogen strategy.
This will allow Siecap to support the progression of a pre-feasibility study on the Julia Creek project.
Under the agreement, specialist project management consultant Siecap will take a management role at QEM to develop an execution strategy for the mining, extraction, processing and export of vanadium pentoxide, transport fuels and green hydrogen from Julia Creek.
The Julia Creek project, covering 250 square kilometres in the Julia Creek area of the North Western Queensland, offers the potential to deliver energy solutions through the production of energy fuels and vanadium pentoxide.
“With the continued progression of our Julia Creek vanadium and oil shale project and green hydrogen strategy, this agreement will streamline our broader business strategy to drive these two intertwined developments forward as efficiently as possible,” said QEM Managing Director Gavin Loyden.
“Siecap has a deep knowledge of the sector and policy environment QEM operates in, making them the optimal choice to assist us in successfully executing this.”
Siecap will also be responsible for co-ordinating grants and advancing the funding application process for QEM in line with the staged execution strategy.
The company may be eligible for numerous sources of federal and state government funding, ranging from the $2.47 billion Northern Australian Infrastructure Facility to the more industry-specific $24 million Queensland Hydrogen Industry Strategy funding.
QEM is up 5.71 per cent, trading at 18.5 cents at 12:40 pm AEST.
