QEM LIMITED — AGM Information 2023

Oct 8, 2023

==> picture [137 x 59] intentionally omitted <==

Directors:

Chair Tim Wall Managing Director Gavin Loyden

Non-Executive Director Daniel Harris

Non-Executive Director Tony Pearson

Non-Executive Director David Fitch

Julia Creek Project:

==> picture [127 x 175] intentionally omitted <==

----- Start of picture text ----- V VanadiumOilQueenslandTownsville----- End of picture text -----

==> picture [108 x 34] intentionally omitted <==

----- Start of picture text ----- BrisbaneQEM Limited:----- End of picture text -----

Registered Office: Level 8 216 St Georges Tce Perth WA 6000 Australia +61(0) 8 9481 0389

Head Office: Level 6 50 Appel St Surfers Paradise Q 4217 Australia +61(0) 7 5646 9553

ASX Announcement 9 October 2023

QEM – Upcoming Annual General Meeting

Dear Shareholders,

QEM Limited (ASX: QEM) (QEM or the Company) will be holding its Annual General Meeting at 10.00am (AEST) on Thursday 9 November 2023 at Suite 6A, Level 6, 50 Appel Street, Surfers Paradise, Queensland.

In accordance with section 110D(1) of the Corporations Act 2001 (Cth), the Company will not be sending hard copies of the Notice of Meeting (Notice) to shareholders unless a shareholder has made a valid election to receive such documents in hard copy. The Notice can be viewed and downloaded from the Company’s website at www.qldem.com.au or ASX at www.asx.com.au

The Company strongly encourages Shareholders to lodge a directed proxy form prior to the meeting. Questions should also be submitted in advance of the Meeting as this will provide management with the best opportunity to prepare for the meeting, for example by preparing answers in advance to Shareholders questions. However, votes and questions may also be submitted during the Meeting.

Please find below link to the Notice of Meeting and Explanatory Memorandum: - https://www.qldem.com.au/investor centre/#asx

Alternatively, a complete copy of the Notice of Meeting and Explanatory Statement has been posted on the Company’s ASX market announcements page.

If you have nominated an email address and have elected to receive electronic communications from the Company, you will also receive an email to your nominated email address with a link to an electronic copy of the Notice of Meeting and Explanatory Statement.

In order to receive electronic communications from the Company in the future, please update your Shareholder details online at https://investor.automic.com.au/#/home and log in with your unique shareholder identification number and postcode (or country for overseas residents), where you can find on your enclosed personalised proxy form. Once logged in you can also lodge your proxy vote online.

qldem.com.au info@qldem.com.au

QEM LIMITED 1

==> picture [137 x 59] intentionally omitted <==

ASX Announcement 9 October 2023

[If you are unable to access the Notice of Meeting and Explanatory Memorandum online please contact the ] Company Secretary, Mr David Palumbo, on +61 8 9481 0389 or via email at david@miningcorporate.com.au.

ENDS

This announcement was authorised for release on the ASX by the Board of QEM Limited.

==> picture [90 x 91] intentionally omitted <==

Scan me! Connect to our QEM newsletters here!

For further information, please contact:

Gavin Loyden Joanne Bergamin Managing Director Communications Director P: +61 7 5646 9553 P: +61 7 5646 9553 E: gavin@qldem.com.au E: jbergamin@qldem.com.au

ABOUT QEM

QEM Limited (ASX: QEM) is a publicly listed company which is focussed on the exploration and development of its flagship Julia Creek Project, covering 250km² in the Julia Creek area of North Western Queensland.

The Julia Creek vanadium project is a unique world class resource with the potential to utilise and deliver innovative and sustainable energy solutions, through the production of energy fuels and vanadium pentoxide. QEM strives to become a leading supplier of high-quality vanadium pentoxide, to both the nascent energy storage sector and the Australian steel industry.

This globally significant JORC (2012) Mineral Resource of 2,850 Mt @ 0.31% V2O5 is one of the single largest ASX listed vanadium resources and represents a significant opportunity for development. The resource is comprised of 360Mt @ 0.29% V2O5 in the Indicated category and 2,490Mt @ 0.31% V2O5 in the Inferred category, with the added benefit of a contingent (SPE-PRMS 2018) in-situ oil resource of 79MMBBls of Oil equivalent in the 2C category, and 696MMBBLs in the 3C category, contained within the same ore body.

The tenements form part of the vast Toolebuc Formation, which is recognised as one of the largest deposits of vanadium and oil shale in the world and located less than 6km east of the township of Julia Creek. In close proximity to all major infrastructure and services, the project is intersected by the main infrastructure corridor of the Flinders Highway and Great Northern Railway which connects Mount Isa to Townsville.

*The information in this announcement that relates to the mineral resource and contingent resource estimates for the Company’s Julia Creek Project was first reported by the Company in its IPO prospectus dated 20 August 2018 and supplementary prospectus dated 12 September 2018 (together, the “Prospectus”) and the subsequent resource upgrade announcements (“Resource Upgrade”) dated 14 October 2019 and 7 April 2022. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus and Resource Upgrade, and in the case of estimates of Mineral Resources and Contingent Resources, that all material assumptions and technical parameters underpinning the estimates in the Prospectus and Resource Upgrade continue to apply and have not materially changed.

QEM LIMITED 2