The latest resource sector investment from Talbot Group Holdings follows investments earlier this year in South Australia-focused uranium explorers Marathon Resources and Southern Gold.

Queensland Ores chief executive Taff Greenwood said the funds from the Talbot placement - carrrid out at 35c per share - would be directed towards fast-tracking plant and associated infrastructure development at the company's Wolfram Camp project west of Cairns in Queensland.

"The investment represents a significant vote of confidence in the company as we continue to progress from explorer to producer status, and is a reflection of the quality of our two projects and the ability of the Queensland Ores team to bring these mines into production," Greenwood said.

Queensland Ores is looking to bring Wolfram Camp into production by the September quarter of next year as a 150,000 tonne per annum operation.

"Given the shallow depth, low strip ratio, quality of the resource and simplicity of the ore processing, Wolfram Camp will be a relatively low cost operation," Greenwood said.

Queensland Ores, which listed mid-year after raising $6 million at 25c a share, also has interests in copper and gold assets elsewhere in the state.

Talbot – one of Queensland's most prominent businessmen, having built Macarthur from a development play into a billion-dollar miner – recently took a voluntary leave of absence from his executive chairman's post at Macarthur following controversy surrounding his dealings with former Queensland Industrial Relations Minister Gordon Nuttall. Nuttall received a $300,000 loan from Talbot in 2001.

Shares in Queensland Ores closed up 0.5c at 30.5c Wednesday, and had added another 2c in morning trade on Thursday.