Queensland Mining Corporation has consistently been a copper gold play, concentrating its exploration and development activities in the Cloncurry region of north west Queensland.
Exploration activity has been on projects both north and south of Cloncurry.
The company conducted a successful Initial Public Offering (IPO) in early 2008, to accelerate progress towards the objective of being a producer of both copper and gold.
A number of Exploration Permits and Mining Licences had been accumulated at the time of the IPO.
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About Queensland Mining Corporation
Queensland Mining Corporation Ltd ("QMC") (ASX:QMN) is focused on the exploration and development of its suite of copper and gold projects in the Cloncurry region of northwest Queensland.
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 Cloncurry south project area includes the White Range Project has provided QMC with a large JORC compliant resource, 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.
Queensland Mining Corporation