Epic Environmental has received notification from the Department of Environment and Science (DES) that the Environmental Authority (EA) and Progressive Rehabilitation and Closure Plan (PRC Plan) for Multicom Resources’ Saint Elmo Vanadium Project are approved. This is the first new mining metalliferous PRC Plan to be approved by DES and follows approval of the Environmental Impact Statement (EIS) in late 2020 and Commonwealth Environment Protection and Biodiversity Conservation Act 1999 approval in March 2021. As a result of these approvals, Multicom today received their mining leases for the Project.

The Saint Elmo Vanadium Project is located in the North West Minerals Province of Queensland and is the first sedimentary vanadium mine in Australia to have received all of its environmental approvals and mining leases. The Project will take advantage of the increasing supply gap associated with high-strength steel production, the growth of vanadium flow batteries to support renewable energy sources, and the emergence of vanadium-based compounds as revolutionary metals in new economy technologies.

Epic would like to congratulate Multicom Resources on achieving this milestone and thank the relevant State Agencies for their support during the EIS, EA and PRC Plan assessment phases.

Read the Queensland Government’s official statement here: https://lnkd.in/gX5FtXY8