Here is a very brief overview of one of the most promising new forces in the QLD Cloncurry area.The company is Queensland Mining Corporation.(ASX QMN)
1:Development of White Range to produce 25,000 TPA of Copper Metal and or Copper products,further drilling to substantially increase resource.Plan is to upgrade 2005 BFS.
Includes: White Range (JORC RESOURCES) Vulcan McCabe Stuart Answer Young Australia Trump
2:Advanced Exploration,possible third party treatment of Cu sulphide ore or processing at the companies own processing plants for gold and oxide copper.More drilling required to achieve scale and follow up mineralization open along strike and depth.
Includes: Mt Norma (with plant and supporting infrastructure) Flamingo (JORC RESOURCE) Greenmount Gilded Rose Mt Freda Evening Star Canyon Sierra Line Leopold line Toby Barny
3:Exploration mineralization identified and drill ready targets.Oxides targets to feed into White Range.
Includes: Morris Creek (IOCG target) Jessievale (IOCG target) Black Fort (IOCG target) Copper Ridge Surprise Duck Creek
A joint venture at White Range is currently being negotiated and also joint venture/offtake on QMCs gold leases in negotiations.
QMN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
