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QMN - Queensland Mining News Story

A$0.168 0.0  0.0%

Last Trade - 02/02/18

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £45.1k
Position in Universe th / 1830

BRIEF-Queensland Mining updates on option agreement to spin off gold assets

Tue 16th August, 2016 3:25am
Aug 15 (Reuters) - Queensland Mining Corporation Ltd  QMN.AX : 
 * Option agreement to spin off gold assets - amended  QMN.AX  
 * Has entered into an option agreement with ausmex mining pty limited 
 * Queensland mining corporation -agreement with the view to develop non-core gold assets into a production operation in the near future 
 * Queensland mining corporation - $1 million cash to be paid to qmc upon the production of 1,000 ounces of gold to reduce qmc to 20% of the joint venture 
 * Ausmex will fund 100% of holding, development, production and exploration costs associated with the venture 
 * Source text for Eikon  ID:nASXbJB1kz  
 
 ((Further company coverage:  QMN.AX )) 
((Bangalore.newsroom@thomsonreuters.com))
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