AT A GLANCE
QMC is a special Australian discovery and growth story - an emerging copper gold exploration company and imminent producer.

The summary points are:

	The primary objective is to produce copper cathode metal and copper concentrate suitable for smelter feed.
	QMC is drilling at various sites in the heart of Queensland’s “copper belt” - both north and south of Cloncurry in NW Queensland, Australia.
	The strategy is to become a copper producer in its own right within approximately two years and to become a gold producer within 12 months

Progress took a quantum step forward in 2010 when QMC finalised the acquisition of Matrix Metals (In Liquidation), delivering to QMC the White Range project, a suite of highly productive sites together with a BFS. This acquisition is proving to be a ‘company transforming’ transaction.

White Range includes Greenmount, Kuridala, McCabe,
Young Australian and Vulcan.

STRATEGY
Leverage off previous mining operations / related databases, established infrastructure and third party processing facilities.

OVERVIEW
	Cloncurry – “one of the world’s best geological belts for base metals”
	10,000 ha of MLs, MDLs and 1,400 km2 EPMs
	Well established regional infrastructure; strategy is to leverage off regional processing operations

Copper (at 0.2% Cu cut off)
	269,000 tonnes of Copper in JORC Resources (White Range: 231,000t)
	Earlier BFS (completed 2005) demonstrated technical and financial viability of White Range Project – QMC is updating during 2011
	289,000 oz of Gold in JORC Resources (White Range: 167,000 oz)

Gold
	Regional early development play in Cloncurry goldfields: Mt Freda, Gilded Rose, Evening Star, Chopper Ridge, Surprise
	Mt Freda – Inferred Resource of 1.6 Mt at 1.7g/t Au for 89,000oz Au, 1M pounds of Cobalt (290ppm);
	Gilded Rose – JORC Resource of 143Kt@4.2 g/t Au for 19,400oz Au. CIL plant expandable to 180,000tpa at low capex

Cobalt
24.2M pounds of Cobalt in JORC Resources (White Range)