Aug 15 (Reuters) - Queensland Mining Corporation Ltd QMN.AX :
* Option agreement to spin off gold assets - amended QMN.AX
* Has entered into an option agreement with ausmex mining pty limited
* Queensland mining corporation -agreement with the view to develop non-core gold assets into a production operation in the near future
* Queensland mining corporation - $1 million cash to be paid to qmc upon the production of 1,000 ounces of gold to reduce qmc to 20% of the joint venture
* Ausmex will fund 100% of holding, development, production and exploration costs associated with the venture
* Source text for Eikon ID:nASXbJB1kz