Saint Elmo vanadium project, Australia
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Name of the Project
Saint Elmo vanadium project.
Location
The project is located near Julia Creek, in north-west Queensland, Australia.
Project Owner/s
Multicom Resources.
Project Description
The project proposes to develop an opencut mine for the production of vanadium. Initial production is estimated at 10 000 t/y of vanadium. This would require mining 6.5-million tonnes of run-of-mine material a year. The project is expected to have a life-of-mine of at least 20 years.
Potential Job Creation
The project is expected to create more than 200 jobs during construction, with hundreds more to follow once the mine is operational and as its output grows.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
Construction of the project is expected to start this year, with the first vanadium exports in 2021.
Latest Developments
The project was awarded major project status by the federal government in December 2019. Major project status provides companies with extra support from the Major Projects Facilitation Agency, including a single entry point for Commonwealth government approvals, project support and coordination, and assistance with state and territory approvals.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Multicom Resources, tel +61 7 3232 3407 or email info@mcres.com.au.
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