Queensland Minerals Ltd. (QML) is engaged in the business of mineral exploration in Queensland, Australia, through its wholly owned subsidiaries, Queensland Minerals (Australia) Pty Ltd. (QMA) and Asmam Pty Ltd. (Asmam). Its properties include Dingo Peak, Porphyry Project, Sulphide Cap and Firegrass Creek and Francis Creek Prospect. Porphyry Project includes two projects: Mungana Porphyry and Barkers Lease. In August 2008, a 200 hole airtrack percussion drill program totaling 2,009 meters was completed over the two targets. The Reedy Creek Project encompasses a number of gold-silver and base metal workings and prospects. As of December 31, 2008, the Company had not generated any revenues.