QOL queensland ores limited

first ore fed to wolfram camp treatment plant

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    Level 3, 201 Leichhardt Street, Spring Hill Q 4000 / PO Box 1078, Spring Hill Q 4004
    T 61 7 3230 2000 F 61 7 3831 7663 ABN 108 146 694
    ASX/MEDIA RELEASE
    16 May 2008

    First Ore Fed To Wolfram Camp Treatment
    Plant Ahead Of Schedule

    Queensland Ores Limited (ASX Code: QOL) announces that the first ore
    was fed to the Treatment Plant at its flagship Wolfram Camp Project this
    week, one week ahead of schedule. The Company remains on target to
    deliver the first shipment of concentrates in July.
    Commissioning of the Treatment Plant will continue during May and the
    first half of June. The various sections of the Plant will be brought on-line
    in accordance with the commissioning plan.
    The Company’s Managing Director Taff Greenwood confirmed today that
    all elements of the project remain on track for the first shipment of
    concentrates from the project in July. Mr Greenwood was at the tungsten
    and molybdenum rich Wolfram Creek site, 90 km west of Cairns, as the
    first ore was tipped into the primary crusher.
    “This milestone has been achieved less than six months after the granting
    of the Mining Leases in November last year and despite record rainfall
    over the wet season,” Mr Greenwood said.
    “The achievement is testimony to the ability of our management team to
    take projects from exploration into production,” he said.
    “For a mine rich in history this will mark the commencement of a new era
    at a time of very favourable international prices for specialty metals like
    tungsten and molybdenum.”
    Images on the following pages show the first ore being fed to the
    Treatment Plant.
    2
    ORE BEING DELIVERED TO THE RUN –
    OF – MINE STOCKPILE
    FIRST ORE BEING FED INTO THE
    CRUSHER – 12 MAY 2008
    CONVEYOR CV03 CONVEYING ORE TO
    THE SECONDARY CONE CRUSHER
    CONVEYOR CV02 CONVEYING ORE TO
    THE SCREEN
    3
    ABOUT QUEENSLAND ORES
    Queensland Ores Limited is an ASX-listed resources company focusing on
    developing quality resource projects in Queensland (ASX Code: QOL).
    The Company’s asset portfolio includes advanced speciality metals
    projects such as molybdenite and wolframite and copper/gold/silver.
    Queensland Ores’ two key projects are the Wolfram Camp Project,
    developing one of Australia’s richest tungsten and molybdenum deposits
    90 km west of Cairns; and the Mount Cannindah Project, advancing the
    areas surrounding and including the former Mount Cannindah Mine,
    located about 100km south of Gladstone.
    For further information:
    Mr Taff Greenwood
    Managing Director
    Queensland Ores
 
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Currently unlisted public company.

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