QMines has confirmed broad zones of high-grade copper, gold, silver, zinc and lead mineralisation, potentially adding plenty more tonnes of quality ore at the flagship Mt Chalmers project northeast of Rockhampton in central Queensland.
Amid record-high demand for a host of critical battery minerals, the company is upbeat on the scale and quality of the latest finds as it eyes a third resource upgrade to its wholly-owned site.
And following the addition of the latest technology drilling rig, it anticipates a ‘step-change’ to the progress of unearthing the sizeable promise of the deposit.
“This purchase will provide our shareholders with significant leverage to a growing resource and exploration success,” executive chairman Andrew Sparke said.
Next up for the company is drill programs for over 30,000 metres and an airborne electromagnetic survey to identify further targets.
• 21.2m @ 2.14% Cu, 0.7g/t Au, 5.9g/t Ag and 0.6% Zn from 73m
• 27.9m @ 1.36% Cu, 0.64g/t Au, 14.9g/t Ag and 0.2% Zn from 14.1m
• 19.1m @ 1.23% Cu, 0.39g/t Au, 11g/t Ag and 0.79% Zn from 68.9m
• 17.6m @ 0.93% Cu, 0.24g/t Au, 9.8g/t Ag and 0.4% Zn from 13m
• 6m @ 1.09% Cu, 2.01g/t Au, 35g/t Ag, 0.48% Pb and 0.93% Zn from 52m
QML’s Australian Stock Exchange-listed share price was trading at 28c today (8.05 am UTC+ 8 hours).