No News until March nowRE: IMPACT OF SEASONAL WEATHER CONDITIONS...

No News until March now

RE: IMPACT OF SEASONAL WEATHER CONDITIONS ? CLONCURRY DISTRICT,
NORTH-WEST QLD AND RELATED CORPORATE MATTERS
Weather Conditions
QMC would like to update the ASX with information relating to the recent, widely reported, heavy
rain events in parts of eastern Australia. December to the end of March/April is the normal wet season
with monsoonal influences along with low pressure troughs during this period that can be severe.
QMC wishes to reassure its shareholders that the Company has resident managers and personnel in
Cloncurry that monitor our tenements and mining sites, especially Mt Norma copper mine and
processing plant and to a lesser extent the Gilded Rose and Mt Freda gold mines, and other mines and
accesses in the Duck Creek/Maldon area.
Management has been living for periods of time at the Mt Norma Camp site, monitoring the copper
processing vats and plant. Nothing abnormal has been reported and we expect the various water
storage capacities not to encounter any environmental problems.
The current drilling program was successfully completed in November prior to the onset of the heavier,
expected, seasonal rainfall which was recorded from mid-December to mid-January.
Resource Reporting, Drilling and Related Corporate Matters
Drilling is being planned for the south of Cloncurry expected to commence March-April 2011,
however, the start will depend on rainfall and ground conditions at the time.
Access to all our mine sites is always variable, depending on the weather conditions in the local area.
Corporate and new season activities will be covered in the Quarterly report, which is due for release at
the end of January.
Queensland Mining Corporation
LIMITED ABN 61 109 962 469
Level 24
Royal Exchange Building
56 Pitt Street
SYDNEY NSW 2000 AUSTRALIA
GPO Box 4876
SYDNEY NSW 2001 AUSTRALIA
TELEPHONE 61 2 9251 6730
FACSIMILE 61 2 9251 6326
EMAIL [email protected]
In previous ASX releases the Company indicated that it expected to report resources estimates for the
Young Australian and the Mt Freda mines in the first half of January 2011. However, delays have
occurred due to the seasonal leave commitments of our resource engineers and geologists, , as well as
some delays caused by the sourcing of information that is required by these consultants before they are
able to finalise their respective reports. QMC now expects to be able to release these resources
estimates during the March quarter 2011.
Yours sincerely,
Howard V. Renshaw
Managing Director
Queensland Mining Corporation Limited
For further details please contact:
David Sasson Tel: (+61) 0411 468 966
(Northfield Communications - FIRSt)