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About QEM
Its shares trade on ASX under the ticker QEM.AX. It has been listed since 19 October 2018. In the fiscal year to 30 June 2025, it reported revenue of A$263,173 and a net loss of A$3.2m. At that date it held total assets of A$3.4m and shareholders' equity of A$2.8m.
QEM Ltd. engages in the exploration and development of mines for oil shale, vanadium, and other minerals. The company is headquartered in Surfers Paradise, Queensland. The company went IPO on 2018-10-19. The firm operates through two business segments: Development assets, and Exploration and evaluation assets, which include assets that are associated with the determination and assessment of the existence of commercial economic reserves. The company is focused on the exploration and development of its flagship Julia Creek Project, covering approximately 250 square kilometers (km2) in the Julia Creek area of Northwestern Queensland. The Julia Creek vanadium and oil shale project consists of a total of four exploration permits: EPM 26429, EPM 25681, EPM 25662 and EPM 27057. The Company’s Julia Creek Project is located over six kilometers east of the township of Julia Creek and is intersected by the main infrastructure corridor of the Flinders Highway and the Great Northern Railway connecting Mt. Isa to Townsville.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 19 Oct 2018
- Website
- qldem.com.au ↗
Leadership
Pay as last reported
- Mr. Tim WallChairman of the Board, since 2022
- Mr. Robert CooperChief Executive Officer, Managing Director
- Mr. Duncan CornishChief Financial Officer, Company Secretary
- Mr. David FitchNon-Executive Director, since 2020A$83,311
- Mr. Daniel HarrisNon-Executive DirectorA$30,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Julia Creek Project covers 250 square kilometers in Northwestern Queensland for vanadium and oil shale exploration.
- QEM Ltd. operates through Development assets and Exploration and evaluation assets segments.
- Four exploration permits EPM 26429, EPM 25681, EPM 25662, and EPM 27057 support the Julia Creek Project.
Weaknesses
- Julia Creek Project is located over six kilometers east of Julia Creek township with limited infrastructure access.
- QEM Ltd. has no commercial reserves yet, focusing on exploration and evaluation assets.
- The company's IPO in 2018 has not yet yielded commercial production from its assets.
Opportunities
- Julia Creek Project is intersected by Flinders Highway and Great Northern Railway for potential infrastructure development.
- Vanadium and oil shale minerals are in growing demand for energy storage and clean energy applications.
- Northwestern Queensland offers a strategic location for mineral exploration and development.
Threats
- The Julia Creek Project faces challenges due to its remote location in Northwestern Queensland.
- Vanadium and oil shale exploration requires significant capital investment without guaranteed returns.
- Competition for mineral exploration in Queensland may increase with more companies entering the sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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