Queensland Critical Minerals Limited (QCM) is a company focused on exploring and developing critical mineral resources in Australia. The company is actively exploring for copper, lithium, manganese, graphite, zinc, and gold. These minerals have a wide range of uses, from powering electric vehicles and mobile devices to strengthening steel and manufacturing batteries.
Lithium
Lithium is considered a critical mineral due to its significance in the manufacturing of lithium-ion batteries, which are a crucial component in electric vehicles and energy storage systems. It is also used in other applications, including glass and ceramics, pharmaceuticals, and aerospace. Given its importance in the transition to renewable energy and the electrification of transportation, there is a need to secure a dependable supply of lithium to ensure sustainable economic growth.
Copper
Copper is widely regarded as a critical mineral because of its importance in modern society, particularly in the development of electrical infrastructure and the transition to renewable energy. It is a key component of electric vehicles, wind turbines, solar panels, and energy storage systems. Copper is also used in a variety of other applications, including construction, transportation, and telecommunications. Given its essential role in numerous industries and technologies, the reliable supply of copper is crucial for achieving sustainable economic growth.
Manganese
Manganese is considered a critical mineral due to its importance in modern technologies, particularly in steel production and the manufacturing of batteries. It is also used in a variety of other applications, including agriculture, water treatment, and electronics. Given its significance to a range of industries, there is a need to secure a reliable supply chain of manganese to ensure sustainable economic growth.
Graphite
Graphite is regarded as a critical mineral due to its importance in modern technologies, particularly in the manufacturing of lithium-ion batteries and other energy storage systems. It is also used in other applications, including the production of steel, lubricants, and electronics. Given its critical role in various industries, the reliable supply of graphite is crucial for sustainable economic growth.
Zinc
Zinc is considered a critical mineral due to its significance in a range of industries, including construction, transportation, and manufacturing. It is used in the production of galvanized steel, which is widely used in the construction of buildings, bridges, and other infrastructure. Zinc is also used in the manufacturing of automotive parts, electrical equipment, and household appliances. Given its essential role in various industries, the reliable supply of zinc is crucial for achieving sustainable economic growth.
Gold
While gold is not typically regarded as a critical mineral, gold is essential to modern technologies, such as electronics and its unique properties make it an essential material in a variety of applications. Some experts argue that it should be considered as such due to its importance in financial systems and as a reserve currency.