Queensland Mining Corporation Ltd : Under agreement, qmc/sl/mm has granted teck an option to earn a 70% interest in certain tenements .Co and unit entered into an option and joint venture agreement (" agreement") with Teck Australia Pty Ltd.
Queensland Mining Corporation Ltd : Option agreement to spin off gold assets - amended . 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 .