Latest Mt Chalmers News

QMines has raised more than targeted through a $5.5 million placement, giving its Mt Chalmers copper-gold development a larger funding base as drilling continues. The company also intends to seek a further $1 million from eligible shareholders, although both the SPP and deferred sale proceeds remain subject to completion.

QMines has delivered its strongest pontoon copper intersection so far beneath the flooded Mt Chalmers pit, with mineralisation beginning immediately below the historical floor. The results may add weight to a resource update and feasibility study, while stockpile potential remains unquantified.

QMines has doubled its Mt Chalmers drilling campaign to 20,000 metres while reporting $10.7 million in cash and a further $1.4 million in contracted receivables. The September quarter also delivered a higher Mount Mackenzie resource, fresh Botos drilling and a pipeline of assays that could shape the next resource update.

QMines has intersected further high-grade copper-gold mineralisation beneath the flooded Mt Chalmers pit, led by 26.2 metres at 2.0% copper equivalent including 2.4 metres at 9.1% CuEq. The results strengthen the geological model and leave mineralisation open, but continuity, true widths and the eventual resource impact remain unconfirmed.

QMines has returned its first modern assay results from beneath the flooded Mt Chalmers pit, with two pontoon holes grading nearly 20% above the existing resource model. A high-grade polymetallic lens and 37 pending assays give the drilling campaign a substantial next phase.

QMines has moved its Mt Chalmers copper-gold project into a Definitive Feasibility Study after securing a $15 million strategic package from QIC. The development push comes alongside a larger annual loss, $9.21 million in operating cash outflow and continued reliance on future funding.

QMines has reported a broad 44-metre copper intersection and high-grade zinc-lead-gold-silver mineralisation from six holes at Mt Chalmers. The results support ongoing Definitive Feasibility Study work, while a hole ending in copper mineralisation and upcoming barge drilling add further exploration interest.

QMines is spending $2.388 million on two freehold properties that remove a key access constraint over the Botos deposit near Mt Chalmers. The acquisition clears the way for modern drilling, but the deposit remains an untested conceptual opportunity rather than a defined resource.

QMines Limited reports strong copper and gold intersections from two recent drill holes at Mt Chalmers, reinforcing the project's potential with ongoing drilling and assays.

QMines Limited reported standout copper and gold assay results from two diamond drill holes at Mt Chalmers, surpassing existing resource grades and fueling ongoing feasibility and metallurgical work.

QMines Limited has boosted the Mount Mackenzie gold and silver resource by 32% in gold ounces, with 70% now classified as Indicated, following a comprehensive 73-hole drilling campaign that enhanced geological confidence and resource scale.

QMines Limited has locked in a $15 million strategic funding package with QIC to fully finance its Mt Chalmers Definitive Feasibility Study, while completing a substantial drilling campaign at Mount Mackenzie and launching a major 10,000m drill program at Mt Chalmers.