Queensland Mining Corporation: Calder Maloney to Undertake White Range Feasibility Study
23.04.2012 | ABN Newswire
Sydney, Apr 23, 2012 - Queensland Mining Corporation Limited (ASX:QMN) (QMC) announces that it has formally contracted Calder Maloney Pty Ltd (Calder Maloney) to project manage the feasibility study for its flagship White Range Project, south of Cloncurry, NW Queensland. This is the key strategic focus of QMC in moving towards copper production.Calder Maloney are highly regarded consulting engineers with extensive Australian and international experience in the study and design of heap leach SX/EW copper processing plants.
Calder Maloney will be responsible for the detailed feasibility study which will include a review of the work previously carried out by Matrix Metals in its 2005 BFS. They will act as study manager and will undertake design engineering of the processing plant and project infrastructure. Calder Maloney will be working closely with the internal QMC project team and external providers of specific technical expertise required to produce a final feasibility study and financial model in accordance with accepted industry practices and standards.
The final feasibility study is anticipated to be delivered to the Company by June 2013. Howard Renshaw, Managing Director of QMC said: 'This is a very exciting development in the transition of QMC to a producer of high quality copper product. We are looking forward to working closely with Calder Maloney on this very important feasibility study as a prerequisite to commencing mining and production at White Range'.
The Company will provide updates on the progress of the feasibility study.
About Queensland Mining Corporation:
Queensland Mining Corporation Ltd ('QMC') (ASX:QMN) is focused on the exploration and development of its suite of copper and gold projects in the Cloncurry region of northwest Queensland.
QMC is confident that early cash flow can be achieved from its Flamingo Copper Project and the Mount Freda / Gilded Rose Gold Projects. In conjunction with this development, high impact exploration is being undertaken for large IOCG style deposits (e.g. Ernest Henry and Olympic Dam) on the company’s Morris Creek and Jessievale properties.
The Cloncurry south project area includes the White Range Project has provided QMC with a large JORC compliant resource, that will provide the basis for a long life mining operation in the Cloncurry region. This purchase offers synergies with the existing QMC mining lease and exploration portfolio and ensures that the company will achieve its goal of being a major mining entity within the short to medium term.
Contact:
Queensland Mining Corporation
T: +61-2-9251-6730
F: +61-2-9251-6326
www.qmcl.com.au
