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QEM Limited (ASX:QEM)

ALERT: Price-sensitive ASX Announcement for QEM
Current share price for QEM : $0.015 -0.022 (-59.46%)+
Announcement
Release
23 Sep 2025 4:57PM
Price at Release
$0.037
Full Release
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Summary
QEM Limited released an update on the Julia Creek Vanadium and Energy Project, emphasizing recent metallurgical test work results which indicated that direct kerogen recovery by flotation for vanadium extraction is neither technically nor economically feasible. Vanadium was found to be more associated with calcite rather than kerogen, prompting a need for further mineral association studies. In light of a depressed vanadium market, QEM has initiated a strategic review to preserve capital by slowing project activities, while continuing environmental monitoring and collaborating with Potentia Energy on renewable projects.
Key Points
  • QEM Limited conducted comprehensive metallurgical test work for the Julia Creek Vanadium and Energy Project.
  • The results showed that direct kerogen recovery by flotation for vanadium extraction is not technically or economically viable.
  • Vanadium was preferentially recovered into the calcite concentrate, challenging previous assumptions.
  • The company initiated a strategic review due to the current depressed vanadium price and negative short-term global outlook.
  • QEM aims to preserve capital by slowing activities and will continue environmental and water monitoring studies as part of the EIS requirements.
  • Collaboration with Potentia Energy on renewable energy projects will continue.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.