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Queensland Mining Corp. Ltd.

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Summary

Project:

White Range

Deposit:White Range
Location:Australia
Commodities:Copper-Molybdenum-Gold-Silver-Cobalt
Date:7/25/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:25-7-2017: Queensland Mining Corp. Ltd. announces a Resource Estimation report for its White Range deposit at the White Range project. JV - Clarified mineral reserve estimate for the White Range project. Queensland Mining Corporation Limited (ASX: QMN) wi
Resources:(Resource, Total): 31Mt @ 0.78% Cu for 243koz Cu contained at project
CP/QP:[Resources]: Guojian Xu (Redrock Exploration Services Pty Ltd.)
ABSTRACT:Queensland Mining Corporation Limited (ASX: QMN) wishes to clarify the following mineral resource statements included in the company’s 2013, 2014, 2015 and 2016 annual reports. The mineral resources estimated in respect of the projects marked with * were prepared and first disclosed under the JORC Code 2004. They have not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since they were last reported. The Company intends to update all the White Range projects to comply with the JORC Code 2012 in the next few months. The information in relating to the mineral resources of the Greenmount project was released to ASX on 7 August 2013. The information in relating to the mineral resources of Young Australian was released to ASX on 26 July 2016. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

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