Quarterly update for the period ending 30 June 2019
QEM Limited (ASX:QEM) (“QEM” or “Company”) is pleased to provide an update on its activities for the period ending 30 June 2019.
New tenement EPM 27057 granted increasing the Company’s flagship Julia Creek vanadium / oil shale project to a total of four tenements covering 496km2
5 hole drill program completed on the Julia Creek project.
26km 2D seismic survey commenced on the Julia Creek project.
Data gathered from the 26km 2D seismic survey and 5 - hole drill program to be input into the geological model, which will subsequently increase the geological confidence of the deposit.
Executive Director, David Fitch, purchased a total of 1,613,154 shares on market for a total value of $198,940 during the quarter, taking his total holding of QEM to 25.62%.
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