Communication - Press

Multicom Resources’ Vanadium Project granted major project status

The Government is positioning Australia as a key global player in critical minerals, granting Major Project Status to a project in Queensland.

The Morrison Government is positioning Australia as a key global player in critical minerals, granting Major Project Status to a project in regional Queensland that is expected to create hundreds of local jobs.

Minister for Industry, Science and Technology Karen Andrews said the Government is committed to backing projects that will boost local jobs and create opportunities for regional businesses.

Minister Andrews declared:

“Not only do projects like this hold enormous economic potential for local communities, they also generate millions of dollars for the Australian economy”

The Saint Elmo Vanadium Project near Julia Creek in North West Queensland will develop an open cut mine for the production of vanadium, a key material in manufacturing batteries, particularly suited to renewable energy storage. It will create more than 200 jobs during construction, with hundreds more to follow once the mine is operational and as its output grows.

Minister for Resources and Northern Australia Matt Canavan said there is increasing global demand for rare earths and valuable resources like vanadium, which are on the critical minerals list in Australia and the US.

Minister Canavan said:

“Australia is cementing its place as a powerhouse for critical minerals and rare earth production now and into the future. [...] Granting Major Project Status to Saint Elmo is evidence of this Government’s support to this vitally important sector which has everyday applications in electric vehicles, renewable energy and smart phones.”

North Queensland Senator Susan McDonald said the North West Minerals Province can potentially provide long-term, well-paying jobs for thousands of people, long into the future. She said:

“People in regional Queensland deserve the chance to pursue lucrative careers in the mining and resources industries”

Executive Director of Multicom Resources Limited Nathan Cammerman welcomed the Major Project Status awarded to the company’s Saint Elmo Vanadium Project.

Construction of the Saint Elmo Project is expected next year, with the first vanadium exports in 2021.

Major Project Status is the Commonwealth Government’s recognition of the strategic significance of a project to Australia. It 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 help with state and territory approvals.

Source: Ministers for the Department of Industry, Innovation and Science

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