Company
QMines Ltd
ASX:QML
QMines Ltd (ASX:QML) is seeking to become Australia’s first zero-carbon copper and gold producer. The company’s flagship project, Mount Chalmers, is a high-grade historical copper and gold producing mine.
95 stories
QMines serves up 104% increase in Mt Chalmers copper equivalent resource
The update includes a maiden inferred resource for Woods Shaft deposit of 540,000 tonnes at 0.5% copper and 0.95 g/t gold at a 0.3% copper cut-off for 2,700 tonnes of copper and 16,440 ounces of gold.
QMines finds new copper and zinc targets at Mt Chalmers from historical survey
“Preliminary analysis of the historic electromagnetic data is very encouraging. The data confirms a number of existing soil anomalies whilst also highlighting further exciting targets in several new areas," QMines executive chairman Andrew
QMines on track to deliver Mt Chalmers and Woods Shaft resources following broad copper and gold intersections
The drilling at Woods Shaft will validate this historical drilling completed by previous explorers and will help QMines to convert the historical exploration target into a JORC-compliant maiden resource.
QMines raises $1.26 million to step-up copper exploration at Mt Chalmers
The company says the $1.26 million placement was oversubscribed and will be used to fund further exploration and development at the high-grade Mt Chalmers Copper Project in Queensland.
QMines hits broad high-grade copper and gold in multiple holes at Mt Chalmers in Queensland
Drilling continues at the Mt Chalmers property, where a collective 30,000 metres of reverse circulation and diamond drilling is planned to prospect gold and copper resources.
QMines’ Woods Shaft drilling sets up fourth Mt Chalmers copper-gold resource
Pit optimisation will soon kick off on the new resources while a scoping study will begin in early 2023.
QMines continues to return high copper-gold grades from ongoing drill campaign at Mt Chalmers
“We have made excellent progress across several areas at Mt Chalmers with RC drilling continuing to intersect broad and consistent zones of mineralisation with numerous drill holes outside the current resource model," said QMines executive
Qmines demonstrates potential for Mt Chalmers repeats in Queensland
The company’s review of historical data has identified seven soil anomalies which have the potential to be regional repeats of Mt Chalmers.
QMines targets accelerated Mt Chalmers exploration with $2 million placement
The fully subscribed $2 million placement will fund accelerated exploration and development at the high-grade Mt Chalmers Copper-Gold Project.
QMines’ ongoing drill campaign at Mt Chalmers continues to return high copper grades, shares up
The company has fielded peak results of 4 metres at 17.28% copper equivalent within a 37-metre intersection and 3 metres at 7.25% copper equivalent within 25 metres.
QMines eyes “strong growth potential” at Mt Chalmers Copper and Gold Project
“We expect to deliver an additional 10,000 metres of RC results by November 2022 leading to our third resource upgrade and consistent new flow over this period,” says chairman Andrew Sparke.
QMines sets sights on resource growth at historical Mt Chalmers Copper-Gold Mine in Queensland
The Queensland focused copper and gold explorer is set to build its existing resource base in the region with an aggressive drilling program planned.
QMines unearths high-grade copper and gold in nine more holes at Mt Chalmers
Results from the next eight holes are expected shortly as QMines works to release a third resource upgrade later this year.
QMines hones in on copper, gold and silver at Mt Chalmers
Results from the remaining nine holes are expected shortly as QMines works to release a third resource upgrade later this year.
QMines granted strategic tenement at Mt Chalmers as it looks to expand gold and copper footprint
“The granting of EMP 27899 is a significant acquisition for the company. We know VHMS deposits cluster and this acquisition bodes well for our strategy of identifying a number of potential repeats to the Mt Chalmers deposit,” executive chai
QMines delivers further broad high-grade copper, gold and zinc at Mt Chalmers
The company’s RC rig is now fully operational and expected to deliver a step-change in metres drilled and results released with further assays pending.
QMines retains buy recommendation from Shaw and Partners with a price target of $0.74
The company is ramping up drilling activities with assay results from 11 diamond drill holes pending. Another resource update is expected in 2Q22.
QMines' positive initial metallurgical results demonstrate “development potential” at Mt Chalmers
“Further work is now being undertaken to improve overall recoveries, develop a cleaner flotation and improve flowsheet optimisation,” says chairman.
QMines picks up pace of exploration at Mt Chalmers gold-copper play
Down the line, the company’s overarching vision is to become Australia’s first zero-carbon copper and gold developer.
QMines unveils resource growth strategy for Mt Chalmers
Preparations are underway to kick off drilling at Mt Chalmers’ Woods Shaft prospect, an existing exploration target not currently included in the Mt Chalmers resource.
QMines bolsters Mt Chalmers copper resource by 38%
“It is very pleasing to see that the upgraded resource has substantially grown in both size and confidence level, with the measured and indicated categories now comprising 78% of the overall resource,” says executive chairman.
QMines confirms further broad high-grade copper, gold and zinc intersections at Mt Chalmers
The company’s objective is to grow its resource base, consolidate assets in the region and assess commercialisation options.
QMines unveils updated ESG roadmap amid pledge for net-zero by 2030
The ASX-lister, which is looking to become Australia’s first zero-carbon copper and gold developer, is committed to reaching net-zero emissions by 2030.
QMines snaps up strategic land package, advances Mt Chalmers development strategy
The ASX-lister has added another 50 kilometres to its Mt Chalmers gold and copper tenure, bringing its landholding in the region to 219 acres.
QMines jumps on intersecting high-grade copper, gold and zinc outside known resource at Mt Chalmers
The results confirm strong resource growth potential with an upgrade planned to be released to the market in the fourth quarter of 2021.
QMines strengthens board through appointment of experienced geologist
New independent non-executive director Peter Caristo has experience across a wide range of copper and gold projects within various geological terranes and mineralisation styles.
QMines attracts Buy recommendation and target price of 69 cents as Shaw and Partners initiate coverage
The broker said the IPO of QMines “appears well-timed”, as the copper price is currently trading at US$9,463 per tonne.
QMines intersects new mineralisation outside resource at flagship Mt Chalmers Project
The new diamond core will be dispatched to ALS Laboratories by the end of the week, with results to be reported to the market when they become available.
QMines readies for second half of 2021 with several important key dates
QMines is seeking to become Australia’s first zero-carbon copper and gold developer.
QMines plans 1,092-line electro magnetic survey to identify further drill targets across Mt Chalmers
The survey will be flown over the Mt Chalmers, Tracker and Striker prospects and will be used in conjunction with all current data sets to define future potential VHMS drill targets.
QMines enhances copper strategy by securing land adjacent to Mt Chalmers mine site
Land acquisitions and ongoing resource drilling form part of the company’s integrated strategy for the future development of Mt Chalmers Project.
QMines’ historic soil sampling digitisation confirms potential for multiple Mt Chalmers look-a-likes
The company has planned a 30,000-metre drilling program which is underway with a second rig now onsite and assays expected shortly.
QMines’ Mt Chalmers delivers bonanza-grade zinc and lead with high-grade copper, gold and silver to boot
Its final four diamond holes from Mt Chalmers have returned numerous high-grade precious and base metal intersections with outstanding polymetallic grades
QMines in trading halt ahead of exploration results
The prevailing copper price due to global concerns over forward demand, driven by green stimulus and greater take-up of electric vehicles, is set to create a persistent supply deficit, which bodes well for its Queensland project.
QMines well placed to pursue development of Mt Chalmers Project amid increased copper demand
The prevailing copper price due to global concerns around forward demand, driven by green stimulus and greater take-up of electric vehicles, is set to create a persistent supply deficit, which bodes well for the company's Queensland project