FINANCE VIDEO: North Queensland Metals (ASX:NQM) CEO John McKinstry Speaks at Sydney RIU Resources Round-up in May 2010

Sydney, May 24, 2010 (ABN Newswire) - FINANCE VIDEO: North Queensland Metals (ASX:NQM) CEO John McKinstry Speaks at Sydney RIU Resources Round-up in May 2010.

North Queensland's strategy is to focus on growing gold production

- Pajingo, at a production rate of 3000 ozs (NQM share) per month and cash cost of $650/oz realising $1150/oz, generates $1.5M net cash flow per month

- There are many under explored targets at Pajingo and many projects for consideration and evaluation around Charters Towers

- Pajingo exploration now underway will provide additions to the resource base and delineate new targets for drilling.

- Dotswood evaluation, will determine whether to exercise the option to purchase by September 2009

- The aggregation, exploration and development of copper, tin and gold tenements around Herberton continues but at slower pace.

- A solid foundation for growth is in place

View the Video at this Link:
http://www.abnnewswire/press/en/62930/nqm