Multicom Resources Limited is a mining company rapidly progressing the advanced and 100% owned Saint Elmo vanadium deposit through its feasibility studies and statutory approvals processes. The Saint Elmo project is situated 25km east of Julia Creek in Queensland’s North West Minerals Province. This district is renowned as one of the world’s richest mineral-producing regions.

Vanadium has been one of the best performing commodities over the past two years. Its use in the steel sector accounts for approximately 90% of the global vanadium consumption. There is currently an increasing global demand for lighter weight and higher strength steels across the infrastructure, aviation and automotive industries. Vanadium is also a core component of the emerging Vanadium Redox Flow Battery technology, which uses a vanadium electrolyte to produce long-life, stable energy storage systems.

The Saint Elmo Project has a large-scale, JORC 2012 Compliant Resource that occurs at-surface and only extends to a maximum depth of 20m. This shallow, sedimentary deposit is free-dig, resulting in a low cost, low impact mining and beneficiation process. The metallurgical process incorporates cost effective, proven technologies to extract high grade vanadium pentoxide.

Multicom continues to work closely with its strategic partners in the development of the Saint Elmo Project. These partners include Wave International, Epic Environmental, Downer Group, Alexander Mining and StorEn Technologies.

Having already formed established relationships with offtake partners across the steel and energy storage sectors, Multicom is set to become a global supplier of vanadium products.

Plans and Latest Developments:

Multicom Resources Limited owns two large scale deposits in Queensland, Australia. The company is developing the Saint Elmo vanadium deposit through an advanced approvals process and feasibility studies. With established industry partnerships across the steel and energy storage sectors, Multicom is set to become a global supplier of vanadium products.

Why should investors invest in you?

Multicom Resources Limited owns two large scale deposits in Queensland, Australia. The company is developing the Saint Elmo vanadium deposit through an advanced approvals process and feasibility studies. With established industry partnerships across the steel and energy storage sectors, Multicom is set to become a global supplier of vanadium products.

Primary Commodities:

Vanadium

Stage of Development:

Development | Exploration

Countries of Operation:

Australia

Board of Directors:

  • Shaun McCarthy – Chief Executive Officer
  • Christian Shaw -Chief Financial Officer
  • Nathan Cammerman – The Board
  • Duncan Harris – The Board
  • Dr. Ralph Craven – The Board
  • Nyunggai Warren Mundine – The Board
  • Brian Philips – The Board
  • Duncan Cornish – Company Secretary

Multicom Resources will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Click here to claim your complimentary investor pass.