QMines Ltd (ASX:QML) has become one of only three ASX-listed resources companies to achieve certified carbon neutrality for its business operations.
The company’s carbon-neutral certification is endorsed by the Australian Government’s voluntary Climate Active program, which requires independent carbon auditing.
The company says the scheme provides credibility to its net-zero emissions statements and demonstrates its leadership in the metals and mining industry, highlighting the sector’s role in the global transition to a low-carbon economy.
QMines has positioned itself as a business committed to climate action, and has, since it listed, been targeting zero-carbon copper and gold mining.
Carbon-conscious markets
The certification will assure carbon-conscious markets that the company’s flagship Mt Chalmers copper and gold project is ideally placed to meet increasing demand for zero carbon and ethically sourced copper.
“Prior to listing, QMines set itself a bold objective of becoming a zero-carbon copper and gold developer,” executive chairman Andrew Sparke said.
“After a rigorous carbon audit and verification process, I am proud to announce that we have now achieved this goal.
“Climate Active participants are an exclusive group of approximately 350 Australian businesses that are certified carbon neutral.
“QMines is now one of only three ASX listed resources companies to have achieved this milestone. Today’s announcement validates QMines’ carbon abatement initiatives and demonstrated its leadership in transitioning the metals and mining industry towards a low carbon future.”
ESG objectives
The company targets strong growth while also observing sustainability targets such as:
➢ 35% renewable energy generation;
➢ 90% rainwater use onsite;
➢ 100% wastewater usage onsite;
➢ 20% renewable fuel usage;
➢ 66% board independence; and
➢ 50% locally procured goods and services.
About QMines
The company wholly owns four advanced projects covering a total area of 1,096 square kilometres.
Its flagship project, Mt Chalmers, 17 kilometres northeast of Rockhampton, is a high-grade historic mine that produced 1.2 million tonnes at 2.0% copper, 3.6 g/t gold and 19 g/t silver between 1898 and 1982.
It has kicked off an aggressive exploration program over more than 30,000 metres, and its objective is to grow its resource base, consolidate assets in the region and assess commercialisation options.