Mine, Mine, Mine.

The Townsville Bulletin reports that Industry Minister Karen Andrews will today grant major project status to the St Elmo Vanadium Project near Julia Creek.

The Saint Elmo Project is 100% owned by Multicom Resources and is situated 25km east of Julia Creek in Queensland’s North West Minerals Province. This region is renowned as one of the world’s richest mineral-producing regions.

The recovery of vanadium from the Saint Elmo Project is based on a number of key attributes such as, the sedimentary nature of the deposit means it does not require any drill or blast to assist with excavation, and the maximum depth of resource is estimated to be 20 metres resulting in a shallow mining operation. This has the potential to provide safe, reliable and consistent mining techniques and production rates; and reduce the likelihood of encountering groundwater.

The Julia Creek project is suspected to create 200+ jobs in construction, with hundreds more to follow once the mine becomes operational. It will be a huge boost for the economic profile for local communities in North Queensland.

Construction of the Saint Elmo Project is expected next year, with the first vanadium exports likely in 2021 and Multicom Resources Limited approved as the Mine's Operator.