Qmines Limited (ASX:QML)
QMines Limited (ASX:QML) is an exploration and development Company with four advanced copper and gold projects located in Queensland.
Mt Chalmers, QMine’s flagship project located 17km North East of Rockhampton, was mined sporadically between 1898 and 1982 and produced 1.24Mt @ 3.6g/t Au, 2.0% Cu and 19g/t Ag.
Mt Chalmers has an Inferred Resource of 3.9Mt @ 1.15% Cu, 0.81g/t Au and 8.4g/t Ag. The project also has three Exploration Targets (JORC 2012 Compliant) that demonstrated significant resource growth potential.
QMines’s objective is to grow its resource base, consolidate assets in the region and assess options to commercialise.