Saint Elmo Project
About the project & history
Situated 25km east of Julia Creek in Queensland’s North West Minerals Province, the Project will be a major employer in the local region whilst leading the establishment of a globally significant vanadium industry in Australia.
The Commonwealth Government has designated Saint Elmo with Major Project Status in recognition of it’s national significance for economic growth, employment or for regional Australia.
Wholly owned by Multicom and with full environmental authority, the Project has strong local support, a low environmental impact and a low carbon footprint.
It also makes good commercial sense. The extensive resource is deposited at a shallow depth with a low strip ratio, proven processing technologies, and a location directly connected with established road, rail and port services.
We are in the final stages of the project’s Definitive Feasibility Study and initiation of a demonstration plant to produce products for marketing purposes. Our focus will shift to Project financing activities through 2022.
We are perfectly placed for the future.