IPO - QEM Limited, page-51

IRC only have Metal rights over there 4th less important Vanadium project area which is also the smallest Burwood 48Mt .31%V205   

-All V projects = 2.5Billion Ton V205 .32%

-Lilyvale with 671Mt .35%V205 is the prime V project AXF is working towards further drilling Scoping studies and working to secure Offtake agreements with their Chinese connections. Has a potential mine life of over 40 years at 10-15Mtpa mining rate

I am looking forward to seeing QEM listing and will be hoping it goes well as its only got to be positive for others in the area