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The Markets
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The Markets
by Proactive
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QMines enjoys strong demand for $3M raise to accelerate Mt Chalmers exploration

QMines enjoys strong demand for $3M raise to accelerate Mt Chalmers exploration

QMines Ltd MD Andrew Sparke tells Proactive the company has received firm commitments to raise $3 million before costs in a share placement designed to fund exploration and development of the flagship Mt Chalmers Copper and Gold Mine. He says knowing that VHMS deposits ‘cluster', the company’s technical team is looking forward to drilling a number of the 34 priority targets generated from the recent airborne electromagnetic survey.

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