QIM is actively discussing with a few middlings processing companies about market prospect of middlings of zircon and rutile. According to the JORC report, QIM’s Wateranga Porject contains certain amount of zircon and rutile. Middlings as the secondary product of QIM’s Wateranga Porject that is expected to produce next year , it will potentially enhance competitiveness and profitability of QIM. There are reasons to believe that the sales of middlings will create stronger cash flow for QIM.
