Saint Elmo Project
The Saint Elmo Project is 100% owned by Multicom Resources and is situated 25km east of Julia Creek in Queensland’s North West Minerals Province. This region is renowned as one of the world’s richest mineral-producing regions.
Multicom Resources is currently progressing the permitting, approval and development of its Saint Elmo Project.
The recovery of vanadium from the Saint Elmo Project is based on a number of key attributes, which sets it apart from traditional, hard-rock vanadium mines:
The sedimentary nature of the deposit means it does not require any drill or blast to assist with excavation (with both ore and waste being free-dig material).
During the early years of mining, the mine plan will target the outcropping coquina and shale (unoxidised) deposits, limiting the volume of overburden that is required to be mined, resulting in a low strip ratio.
The maximum depth of resource is estimated to be 20 metres (15 meters on average) resulting in a shallow mining operation. This has the potential to provide safe, reliable and consistent mining techniques and production rates; and reduce the likelihood of encountering ground water.
The beneficiation circuit is a very simple circuit comprising a ROM feeder, combined scrubber and trommel screen, screening, cyclone sizing and thickening.
The Project will use proven processing technology which includes a pressure/temperature leach and solvent extraction followed by the traditional vanadium pentoxide recovery process including de-silication, ammonium metavanadate (AMV) precipitation and de-ammoniation.
Once the Saint Elmo Project is fully developed, the Company has an initial target production of 10,000 tonnes of V205 per annum, with the possibility of scaling up subject to market conditions. The project will have a mine life of at least 20 years based on the 10,000T annual production target.
This would require mining of 6.5 million tonnes of ROM material per year, within the area covered by Mining Lease Application 100162. Strip mining techniques are suitable for sequential backfilling and progressive rehabilitation during the mine life.
The Project area has historically been used for cattle grazing. The final form of rehabilitation will be determined in conjunction with the landowners, local Council and following community consultation.
The Project is anticipated to directly employ up to 250 Construction people during the construction phase and more than 150 people once fully operational. This estimate will be refined as part of the Environmental Impact Statement (EIS).
The Terms of Reference for the Saint Elmo Project Environmental Impact Statement have been approved by the Queensland Department of Environment and Science with input from community and stakeholders. Further information can be accessed here.
Multicom was granted the tenement (EPM number 26410) on 9 February 2017. A subsequent mining lease application (MLA 100162) was lodged on 27 October 2017.
There are a total of 307 holes drilled, with a total aggregate depth of 5,119 metres. Resolve Geo Pty Ltd has produced a JORC (2012) compliant resource estimate for the Saint Elmo Project.
Since acquiring the tenement, the Company has maintained a stringent focus on the ‘time to market’ for this world class vanadium deposit.
Multicom’s team has extensive experience in expediting projects through the regulatory framework required to get a new resources project approved.
As such, Multicom has lodged the Mining Lease Application, is well advanced on a voluntary Environmental Impact Statement and is progressing with a Pre-Feasibility Study.