Queensland Industrial Minerals Ltd
Honoured Bob Hawke is currently invited by QIMH as the company's General Consultant, which is believed to optimize the company's strategy and strengthen the Sino-Australian relationship.
In 1980 he was elected to the Federal Parliament, and in February 1983 became the Leader of the Opposition. He led the Labour Party to victory in the general election in March 1983 and, in winning three successive elections, became Australia’s longest serving Labour Prime Minister.
Current honorary positions include: Member of the Board of Advisers of the Boao Forum for Asia; The Hawke Research Institute Advisory Board at the Bob Hawke Prime Ministerial Centre, University of South Australia; Chairman of the Committee of Experts on Membership of the Education International; Chairman, Trade Union Education Foundation.
Activity Report
- QIMH has completed its road show presentation. During this trip, QIMH was actively negotiating with a large scale Chinese state-owned commercial bank, regarding a commercial loan of US$112 million, so as to meet an annual 6 million ore processing capacity. All funds will be used for mine construction and management.
- QIMH has received a Chinese background private equity’s JV offer. QIM is vigorously engaging in the negotiation to achieve the best possible results.
- QIMH is actively cooperating with the company's promoter towards its IPO plan.
- QIMH has a proposal to have a road show presentation in China and Hongkong in September 2011.
- Based on the testing from Chinese end user, the present QIM ilmenite specifications (with 50.2%TiO2, 38.2%FeO, 7.8%Fe2O3) are expected to be one of the best combination to produce titanium pigments by the sulphate route, and the estimated market FOB price would ranging from $250 US per ton to $300 US per ton.
- Geos has reviewed the drilling results in the north of the central resource and considers that a realistic exploration target in all areas, including these northern eluvials, is for an additional 25 to 40mt of unconsolidated material at a similar grade of ilmenite to the existing resource.
- QIM completes engineering design of a processing plant that will allow the integration of both hard rock and unconsolidated feed types.
- In excess of 400 drill holes completed.
- Unconsolidated reserve proved.
Share Price
Queensland Industrial Minerals is preparing to list on the ASX.
More information coming soon.
www.asx.com.au
