Fundamentals of QBL, page-15

And just little more :

• One of the very few companies offering exposure to the bauxite industry which is characterised by rapidly growing world demand
• Targeting long life DSO bauxite operations
• Close proximity to major growth markets
• Close proximity to high quality infrastructure (deep water ports, rail, roads, services, labour)
• Targeting short term DSO production for early cash flow
• QBL has positioned itself before the continued forecasted rise in bauxite prices predicted to occur due to supply constraints
• Investigating DSO off-take agreements – strong interest
• High level of upcoming activity

And we don't need to raise any capital in the near future sitting on a cool $4 mil and one more thing they are well aware of JORC !

• According to Carter (1961), all Al2O3 assays quoted in Carpentaria reports „refer to acid soluble alumina‟. These reports were prepared prior to the JORC code for reporting of resources coming in to existence. As such, QBL intends to re-drill and re-assay these areas to achieve a JORC compliant resource

Looks like they have achieved a JORC complaint resource.