QEM Quarterly Update

Highlights: A Mineral Characterisation Study was completed by The University of Queensland’s WH Bryan Mining Geology Research Centre. These results will allow for highly targeted beneficiation processes to be developed by UQ’s Sustainable Minerals Institute.

RGS Environmental Consultants Pty Ltd (RGS) commenced a soil quality, geochemical, and physical characterisation assessment of mine waste materials for the Company’s flagship Julia Creek hashtag#Vanadium and Oil Shale Project.

UK-based GSA Environmental continued work on vanadium extraction and flowsheet development. Test results indicate an increase in vanadium recovery once calcite has been removed.

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