FINANCE VIDEO: Queensland Mining Corporation - MD Howard Renshaw Speaks at Beijing Mines and Money 2010
23.06.2010 | ABN Newswire
Beijing, June 23, 2010 - FINANCE VIDEO: Queensland Mining Corporation (ASX:QMN) MD Howard Renshaw Speaks at Beijing Mines and Money 2010.Queensland Mining Corporation (QMC) is focused on the exploration and development of its suite of copper and gold projects in the Cloncurry region of north-west Queensland.
View the Video here:
http://www.abnnewswire.net/multimedia/en/63133/QueenslandMining
QMC is confident that early cash flow can be achieved from its Flamingo Copper Project and the Mount Freda / Gilded Rose Gold Projects. In conjunction with this development, high impact exploration is being undertaken for large IOCG style deposits (e.g. Ernest Henry and Olympic Dam) on the company's Morris Creek and Jessievale properties.
The recent acquisition of the White Range Project, has provided QMC with a large JORC compliant resource (200,000 t of contained Cu metal as summarised in the table below, using a 0.2% Cu cut-off, which also includes a higher grade resource of 163,000 t of contained Cu metal, average grade 1.1% Cu, which the 2005 Bankable Feasibility Study was based within), that will provide the basis for a long life mining operation in the Cloncurry region. This purchase offers synergies with the existing QMC mining lease and exploration portfolio and ensures that the company will achieve its goal of being a major mining entity within the short to medium term.