Noosa News
Vanadium exploration booms in North Queensland with rise of battery storage of renewable energy
Technological advances in battery storage of renewable energy are prompting a boom in vanadium exploration in mineral-rich North Queensland.
Key points:
- North Queensland has enough vanadium, which is used to reinforce steel, to supply the market for 120 years
- The Saint Elmo project, near Julia Creek, is the latest project to be given federal government approvals
- Resource analyst Tim Treadgold is not convinced a vanadium industry will develop
Australia has traditionally not mined vanadium, which is used to reinforce steel, due to limited market opportunities to sell the mineral but demand for battery technology could fuel a new demand.
Geology and geophysics expert Rick Valenta from the University of Queensland said technological advances…
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