Multicom have opened public consultation on the Environment Impact Assessment for the Saint Elmo Project.
The proposed project is a shallow open cut vanadium mine located 25km east of Julia Creek.
Construction is expected to commence in 2020, and Multicom is targeting first production of vanadium pentoxide in late 2021.
Multicom say it would employ over 200 people during construction and more than 150 people once themine is fully operational at 10,000 tonnes per annum.
When the Project moves to 20,000 tpa production there will be an additional 100 jobs, plus 150 jobs created during construction of a second processing facility.
Multicom said they would seek to preferentially employ a local workforce and CEO Shaun McCarthy said global vanadium demand was increasing.
“It makes steel both lighter weight and higher strength and is also an important part of our renewable energy future, in vanadium redox flow batteries,” Mr McCarthy said.
“The Saint Elmo Project will help Queensland capitalise on this important opportunity.”
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