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Conquest Mining Ltd (ASX:CQT) says that it has received two formal expressions of interests from Chinese smelter companies in relation to production from its Mt Carlton project in North Queensland.

Conquest advises that both companies wish to secure 100% of the expected production from the Mt Carlton project.

The miner is continuing discussions with a total of six shortlisted potential partners for off-take and development funding.

Conquest will be working to formalize a long-term off take contract in the next three to four months.

Conquest Mining reported a loss of $1.15 million for the year ending 30 June 2009.