Pre-feasibility study of Wateranga Project has been completed after more than two months effort.

Through adopting new mining and processing methodology, QIM significantly reduced OPEX to ensure the viability and profitability of this project through low point of the market. According to the PFS final report, QIM achieved target CAPEX and OPEX that will makes QIM continually move forward with great confidence.

Following by the completion of PFS, financial model of the project will be constructed by using data of PFS report and resource data from JORC report. Then Independent Technical Review will be completed and become important part of the prospectus of QIM.