White Range Project

QMC's 100% owned White Range project is centred approximately 40km south of Cloncurry and contains a total JORC compliant resource of 30.2Mt@0.80% Cu, 0.2g/t Au and 0.03% Co. The project consists of three main deposits at Greenmount, Kuridala and Young Australian plus several smaller deposits at Mt McCabe, Vulcan and Desolation along with numerous advanced exploration prospects. A pre-feasibility conducted in 2005 indicated the project has an annual production of 15,000-20,000t of copper cathode for a mine life of more than 10 years. Recent drilling results obtained by QMC have significantly improved the economics of the project.

White Range project location

White Range project resource table (as at 25 October 2013)

Greenmount cross section showing high grade Chalcocite intersection in hole GM12RC06 drilled recently by QMC

Approximate outline of Greenmount resource

Greenmount longitudinal section showing the high grdae chalcocite zone discovered recently near the propsoed pit floor (looking west)

Kuridala longitudinal section showing the excellent potential to increase resource and grade below 50m

Young Australian longitudinal section showing the continuity of the orebody from Young Australian lease in the south to Eastdrift lease in the north