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QMines Accelerates Growth with Mount Mackenzie Gold-Silver Acquisition
12:11pm on Thursday 19th of June, 2025 AEST
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Mining
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QMines Accelerates Growth with Mount Mackenzie Gold-Silver Acquisition
12:11pm on Thursday 19th of June, 2025 AEST
Key Points
Acquisition adds ~129,000oz gold and 862,000oz silver to QMines’ resources
Total acquisition cost $2.485 million, funded by cash and 33 million shares
Major shareholder provides $1 million convertible note on favourable terms
Maiden drilling program planned to confirm historic high-grade results and expand resources
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