
Best of both worlds: Outback oil find bolsters vanadium mine project
A planned vanadium mine near Julia Creek is looking far more promising after the company behind it upgraded its resource to also includes 71 million barrels of shale oil.
A planned vanadium mine near Julia Creek is looking far more promising after the company behind it upgraded its resource to also includes 71 million barrels of shale oil.
Multicom Resources has been granted approval and will start development of Queensland’s first vanadium mine, a $250 million project in the state’s north-west that could help fuel the transition to renewables.
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The outback town of Julia Creek could become a significant oil field under a plan that also includes mining vanadium for use in batteries.