The following sections are AI-generated from the announcement content and are provided as supplementary reader aids only.
What This Announcement Means
QMines has delivered its best-ever pontoon drill hole result at Mt Chalmers, with hole 26MCDD053 intersecting 30 metres of copper-gold-zinc mineralisation starting right at the floor of the old open pit — meaning there is potentially significant ore sitting directly beneath the existing mine void. The high-grade core of nearly 10 metres at over 2% copper and 2 grams of gold per tonne is particularly impressive, and the fact that the intersection is wider than nearby holes suggests the mineralised zone may be expanding in this area.
A second key result, hole 26MCRD004, found copper mineralisation between two of the company’s best holes drilled this year, and the drill rods got stuck before reaching the bottom of the zone — so the full thickness of mineralisation there is still unknown. This is encouraging because it suggests the high-grade copper zone is more continuous than previously confirmed.
An unexpected bonus from the program is the discovery that historical waste stockpiles sitting on surface around the pit contain meaningful gold, silver, copper and zinc. While it is too early to say whether these stockpiles could be economically processed, QMines plans to survey their volume and test metallurgical recoveries. All of these results feed into an updated Mineral Resource and the company’s Definitive Feasibility Study, which is the key next step toward a production decision.
Key Takeaways
- Pontoon hole 26MCDD053 returned 30.47m at 1.24% Cu, 0.87g/t Au, 12.2g/t Ag and 1.11% Zn from 42.53m, including 9.47m at 2.36% Cu and 2.14g/t Au — the strongest pontoon intersection to date and the fourth strongest copper result of the 2026 program.
- Mineralisation in 26MCDD053 begins in the first sample below the historical pit floor and is broader than nearby pontoon holes, indicating potential for additional mineralisation directly beneath the existing pit.
- Hole 26MCRD004 intersected 8.6m at 1.11% Cu from 133.0m to end of hole, including 1.0m at 6.02% Cu, between two of the 2026 program’s strongest holes (26MCRD005 and 26MCRD002); the hole was abandoned in mineralisation with full extent untested.
- Historical northwest stockpiles contain gold, silver, copper and zinc from surface, with the best fill result being 13.0m at 0.88g/t Au from 4.0m in 26MCRC022; volume surveys and metallurgical testwork are planned to assess economic potential.
Key Facts
Highlights
- Outstanding high-grade copper-gold intersection beneath Mt Chalmers pit, with pontoon drill hole 26MCDD053 delivering the strongest copper intersection of the pontoon drilling program to date:
- 9.47m at 2.36% Cu, 2.14g/t Au and 1.51% Zn within a broader 30.47m at 1.24% Cu, 0.87g/t Au, 12.2g/t Ag and 1.11% Zn from 42.53m.
- Importantly, mineralisation commences immediately beneath the historical pit floor, with the intersection significantly broader than nearby pontoon holes, highlighting the potential for additional mineralisation beneath the existing pit.
- Further high-grade copper mineralisation intersected between two of the strongest drill holes of the 2026 program, with hole 26MCRD004 returning 8.6m at 1.11% Cu from 133.0m to end of hole, including 1.0m at 6.02% Cu. The hole ended in mineralisation, with its full extent remaining untested.
- Additional copper and high-grade polymetallic intersections continue to demonstrate the mineralised nature of the Mt Chalmers system, including:
- 15.0m at 0.49% Cu from 98.0m, including 3.0m at 1.25% Cu (26MCDD018).
- 4.0m at 5.03% Zn and 3.28% Pb from 74.0m, including 1.0m at 13.1% Zn and 8.11% Pb in massive sulphide (26MCDD009).
- Historical stockpiles reveal an additional opportunity outside the existing Mineral Resource and Ore Reserve, with drilling identifying copper, gold, silver and zinc mineralisation from surface:
- 8.0m at 0.33% Cu, 0.31g/t Au, 8.1g/t Ag and 0.90% Zn from 12.0m (26MCRC033).
- 13.0m at 0.88g/t Au from 4.0m within historical fill (26MCRC022).
- Mineralisation identified across the northwest stockpiles, with further surveys and metallurgical testwork planned to assess their potential as additional processing feed.
- Continued drilling success highlights the potential to enhance the Mt Chalmers Resource and future mine plan, with further assay results, ongoing drilling and an updated Mineral Resource expected to provide important inputs into the Company’s Definitive Feasibility Study.
Introduction
QMines Limited (ASX:QML)(QMines or Company) reports results from 25 holes totalling 1,751m at Mt Chalmers, including pontoon drilling beneath the historical pit, infill and geometallurgical drilling around the pit, historical stockpile characterisation and supporting exploration and monitoring holes. Results for four stockpile holes previously announced on 23 September 2026 (holes 26MCRC019 to 022) have also been recomposited on a consistent material-specific basis. No new assays are reported for those four holes.
The standout result is pontoon hole 26MCDD053, drilled from a barge on the pit lake, which returned 30.47m at 1.24% Cu, 0.87g/t Au, 12.2g/t Ag and 1.11% Zn from 42.53m including 9.47m at 2.36% Cu and 2.14g/t Au. Mineralisation begins in the first sample below the rubble on the floor of the historical pit. On a drill intercept width (metres) multiplied by copper grade, it is the strongest pontoon intersection to date and the fourth strongest copper intersection of the 2026 program.
Diamond hole 26MCRD004 intersected 8.6m at 1.11% Cu from 133.0m to end of hole, including 1.0m at 6.02% Cu. The intersection lies between 26MCRD005 (44.0m at 1.03% Cu) and 26MCRD002 (35.0m at 2.88% Cu), two of the three strongest copper intersections of the 2026 program, approximately 65m from the first and 100m from the second and at a similar elevation. The interval is narrower than those in the neighbouring holes, but the hole was abandoned in mineralisation, so the full thickness at this position is not known. Holes 26MCDD018 and 26MCDD009 returned further copper and polymetallic intersections, while five of the eleven holes returned only narrow low-grade intervals or no significant intercepts. These results will be assessed in the Mineral Resource update.
The stockpile drilling was designed to characterise historical mine waste, fill and slag for the Definitive Feasibility Study (DFS). The first four holes, reported on 23 September 2026, returned gold from the northwest stockpiles. The completed program shows that gold, silver, copper and zinc occur from surface throughout those stockpiles, with new results including 8.0m at 0.33% Cu, 0.31g/t Au and 0.90% Zn from 12.0m in 26MCRC033, and that the bedrock beneath two of the holes is mineralised. Smelter slag east of the pit is consistent in composition, averaging 0.24% Cu and 0.51% Zn over 63m, and low in sulphur. This material sits on surface, outside the Mineral Resource and Ore Reserve. The results come from wide-spaced RC drilling and do not establish the volume, grade or recoverability of the stockpiles, so the Company will now survey the stockpiles and undertake metallurgical testwork to establish their volume and recoveries, before any assessment of economic potential.
Management Comment
QMines Exploration Manager, Tom Bartschi, said:
“Drill hole 26MCDD053 is the best pontoon hole we have drilled to date. Thirty metres at 1.2% copper with gold, silver and zinc, starting in the first sample below the old pit floor, is a strong result from beneath the lake, and it is broader than the holes around it. We will look closely at how it compares with the resource model.
“Drill hole 26MCRD004 is also the kind of hole we wanted to see. It intersected copper between holes 26MCRD005 and 26MCRD002, two of our best holes this year, at much the same level, and it finished in mineralisation with a metre at 6% copper. The interval is narrower than in those holes and the hole didn’t reach the bottom of the zone, so we don’t yet know how thick it is here. We will now look at how it fits the resource model and how best to follow it up.
“The stockpile drilling was meant to tell us what the historical waste around the pit is made of, for the Definitive Feasibility Study (DFS). What it has shown is that the northwest stockpiles carry gold, silver, copper and zinc from surface, in material that sits outside our Mineral Resource. We now need to establish how much material is there and what recoveries we can achieve, through a volume survey and metallurgical testwork on stockpile composites, before assessing whether it could provide additional economic feed to the project.
“Elsewhere, drill hole 26MCDD009 intersected a metre of massive sulphide at 13% zinc and 8% lead, which adds to our understanding of the polymetallic lenses south of the pit.”
Infill and Geometallurgical Drilling
Results are reported for six surface diamond holes drilled around the pit between May and August 2026 for geometallurgical and geotechnical purposes, as well as pontoon holes 26MCDD023 and 26MCDD053, and exploration hole 26MCDD026 (Tables 2 and 3). True widths of the in-situ intersections are not known.
26MCDD053: Broad copper-gold-zinc intersection beneath the pit floor
Pontoon hole 26MCDD053 was drilled vertically from a barge on the pit lake in late September 2026. It passed through 37.0m of water and 4.9m of rubble and voids on the floor of the historical pit before entering bedrock at 41.9m. From the first sample at 42.53m it returned 30.47m at 1.24% Cu, 0.87g/t Au, 12.2g/t Ag and 1.11% Zn, including 9.47m at 2.36% Cu, 2.14g/t Au, 16.0g/t Ag and 1.51% Zn from 42.53m and 3.0m at 1.58% Cu from 65.0m. Gold (0.2g/t Au cut-off) extends over 24.47m at 1.05g/t Au from 42.53m, and zinc (1.0% Zn cut-off) over 12.0m at 2.15% Zn from 45.0m. The highest individual results are 3.51% Cu and 7.04g/t Au from 43.0m and 3.18% Cu from 51.0m.
The interval is hosted by silicified and chloritised volcaniclastic breccia with pyrite, chalcopyrite, sphalerite and minor galena in the matrix and in stringers, and trace bornite logged near the top. The 0.63m of silicified siltstone between the rubble and the first sample, which ends in a clay fault gouge, was not sampled. Below 73.0m the hole returned narrow zinc intervals (1.0m at 1.24% Zn from 73.0m and 1.0m at 1.75% Zn from 79.0m), crossed a basaltic andesite intrusion from 88.27m to 90.74m and ended in weakly mineralised breccia at 95.9m.
Drill hole 26MCDD053 lies 28m from hole 26MCDD048 (13.0m at 0.98% Cu from 50.0m, reported on 19 October 2026) and 49m from hole 26MCDD027 (11.3m at 1.32% Cu from 42.7m, reported on 6 October 2026). On a width by copper grade basis, it is the strongest pontoon intersection to date, ahead of hole 26MCDD043 (26.2m at 1.28% Cu from 36.4m, reported on 19 October 2026), and the fourth strongest copper intersection of the 2026 program.
26MCRD004: Copper to end of hole between 26MCRD005 and 26MCRD002
Hole 26MCRD004, east of the pit, returned 8.6m at 1.11% Cu and 2.7g/t Ag from 133.0m to end of hole, including 2.0m at 3.70% Cu from 139.0m and 1.0m at 6.02% Cu and 12.2g/t Ag from 139.0m. The hole was abandoned at 141.6m when the rods became stuck, with the final sample returning 0.59% Cu. Mineralisation below the end of the hole has not been tested, and the result does not establish continuity beyond 141.6m.
Hole 26MCRD004 was collared 12m south of hole 26MCRD005 and drilled in the opposite direction, to the northwest, towards hole 26MCRD002. Its intersection lies approximately 65m from the 26MCRD005 intersection (44.0m at 1.03% Cu from 103m, reported on 23 September 2026) and approximately 100m from the 26MCRD002 intersection (35.0m at 2.88% Cu from 107m, reported on 18 August 2026), approximately 8m from the line joining them. The midpoints of the three intersections are within 11m of each other in elevation. On a width by copper grade basis, 26MCRD002, 26MCRD006 and 26MCRD005 are the three strongest copper intersections of the 2026 program.
26MCDD018: Copper stringer zone
Hole 26MCDD018, southeast of the pit, returned 15.0m at 0.49% Cu and 0.20g/t Au from 98.0m, including 3.0m at 1.25% Cu from 106.0m, and a separate 2.0m at 1.16% Cu from 93.0m, in silicified stringer breccia with chalcopyrite and minor sphalerite. Higher in the hole it returned 2.0m at 1.4% Zn, 0.52g/t Au and 25g/t Ag from 68.0m, within 7.0m at 0.50g/t Au and 23g/t Ag from 65.0m.
26MCDD009: Polymetallic lenses
Hole 26MCDD009, drilled south of the pit, intersected two polymetallic lenses. The upper lens returned 5.0m at 1.15g/t Au and 46g/t Ag from 50.0m, including 1.0m at 3.09g/t Au and 124g/t Ag from 53.0m. The lower lens returned 4.0m at 5.03% Zn, 3.28% Pb and 8.8g/t Ag from 74.0m, including 1.0m at 13.1% Zn, 8.11% Pb, 0.67% Cu and 23g/t Ag from 75.0m in massive sulphide.
Other Holes
- Hole 26MCDD023 (pontoon) intersected an oxidised stringer zone at the top of bedrock, returning 3.25m at 0.43% Cu, 2.39% Zn and 0.32g/t Au from 22.75m, with narrow zinc intervals at 52.0m and 82.0m. The top of the hole was sampled by drill run because of core loss.
- Hole 26MCDD026 returned 5.0m at 1.17% Zn, 0.71% Pb and 28g/t Ag from 66.0m in talcose siltstone and cherty breccia, and 1.0m at 2.94g/t Au from 106.0m.
- Holes 26MCDD015 and 26MCDD024 returned narrow low-grade copper (up to 1.0m at 0.38% Cu). 26MCDD024 intersected voids between 37.0m and 52.7m.
- Hole 26MCDD010 (sampled from 100.0m to end of hole), exploration RC hole 26MCRC045 (except 1.0m at 0.83g/t Au from 24.0m) and water monitoring bore MB-J returned no significant intercepts.
Historical Stockpile Characterisation Drilling
Historical mining at Mt Chalmers between 1898 and 1982 left waste, fill and smelter slag in stockpiles around the open pit. To support the Definitive Feasibility Study (DFS) waste management, materials handling and approvals, QMines drilled 19 vertical RC holes for 510m through these stockpiles in August 2026 (holes 26MCRC019 to 26MCRC044). Eighteen holes were sampled at 1m intervals from surface to end of hole, and one (26MCRC032) was abandoned at 6m and redrilled as 26MCRC032_RD. Each hole was logged for fill, waste, slag and bedrock, and intervals are reported separately for each material, with no interval crossing a logged contact.
Results for holes 26MCRC019 to 022 were previously announced on 23 September 2026 using a combined reporting basis of 0.2% Cu, 1.0% Zn or 0.2g/t Au, which allowed reported intervals to extend across logged fill and bedrock contacts.
The same assays have been recomposited for this announcement within each logged material type, with gold in fill reported at a 0.5g/t Au lower cut-off and gold in bedrock at a 0.2g/t Au lower cut-off. No new assays are reported for these four holes.
In particular, hole 26MCRC022 was previously reported as 20.0m at 0.73g/t Au, 0.19% Cu and 8.0g/t Ag from 1.0m. The revised reporting separates 13.0m at 0.88g/t Au from 4.0m within historical fill from 3.0m at 0.69g/t Au and 0.87% Zn from 18.0m in underlying bedrock.
This revised reporting distinguishes the mineralised historical fill from the underlying in-situ mineralisation and applies the same compositing criteria across the completed stockpile program.
Northwest Stockpiles: Gold, silver, copper and zinc from surface
Eight holes north-northwest of the pit (26MCRC019 to 022, 028, 030, 032_RD and 033) intersected 6m to 22m of historical fill and waste before entering bedrock. The sampled historical fill returned elevated copper, gold, silver and zinc grades across multiple holes. However, variable sample recovery and the wide drill spacing do not establish grade continuity or representative stockpile grades.
All 120m of fill drilled in these holes averages 0.15% Cu, 5.1g/t Ag and 0.30% Zn, and 0.32g/t Au over the 117m assayed for gold. The best results include:
- 13.0m at 0.88g/t Au, 9.4g/t Ag and 0.21% Cu from 4.0m in previously reported hole 26MCRC022, within fill described as jasperoidal, hematitic chert with disseminated pyrite;
- 8.0m at 0.33% Cu, 0.31g/t Au, 8.1g/t Ag and 0.90% Zn from 12.0m in hole 26MCRC033, including 2.0m at 2.3% Zn and 17g/t Ag from 18.0m;
- 8.0m at 0.26% Cu, 0.34g/t Au and 0.78% Zn from 6.0m in hole 26MCRC030; and
- 4.0m at 0.39% Cu, 0.26g/t Au, 10.9g/t Ag and 0.74% Zn from 7.0m in hole 26MCRC028, including 2.0m at 1.4% Zn from 9.0m.
These results should be read in context. The stockpile holes are vertical RC holes, 35m to 41m from their nearest neighbour in the northwest stockpiles, drilled through loose, heterogeneous fill in which sample return was variable and was not consistently recorded. The averages in Table 4b are length weighted averages of the drilled intervals only. They are not estimates of the grade of the stockpiles, whose volume and tonnage have not been measured. The fill is interpreted as historical mine waste and low-grade material, and its gold and silver content and position at surface warrant further evaluation.
Mineralised bedrock beneath the northwest stockpiles
Two of the northwest holes, 50m apart, passed from fill into mineralised bedrock:
- Hole 26MCRC022 (previously reported): 3.0m at 0.69g/t Au, 0.87% Zn and 9.3g/t Ag from 18.0m in crystal tuff, including 1.0m at 1.41g/t Au, 1.47% Zn and 0.38% Cu from 18.0m.
- Hole 26MCRC033 (new): 8.0m at 0.39g/t Au and 11g/t Ag from 22.0m in strongly silica-altered andesite and crystal tuff, including 3.0m at 0.38% Cu, 0.65g/t Au, 18g/t Ag and 0.78% Zn from 22.0m.
RC drilling can carry material from overlying fill down the hole, so these results need to be confirmed. In hole 26MCRC022, the first bedrock metre carries 1.47% Zn, higher than any fill sample in the hole (0.20% Zn maximum), which is not readily explained by the measured grades of the overlying fill. In hole 26MCRC033, the two fill samples directly above the contact are low grade, but higher-grade fill occurs 2m above it, so contamination cannot be excluded on assays alone. The holes lie north-northwest of the pit, approximately 210m to 230m from the pontoon drilling in the pit lake, and the results will be assessed against the geological model and considered for follow-up drilling.
Smelter Slag: Consistent composition
Smelter slag was logged in eight holes east and northeast of the pit (26MCRC034 to 038, 041, 042 and 044), up to 16m thick. Across 63m of slag, grades are uniform at an average of 0.24% Cu, 0.51% Zn, 0.08g/t Au and 0.5g/t Ag, with very low sulphur (0.14% S). The best intervals are 12.0m at 0.28% Cu and 0.63% Zn from 3.0m in 26MCRC038, 12.0m at 0.24% Cu from 5.0m in 26MCRC042 and 9.0m at 0.27% Cu and 0.60% Zn from surface in 26MCRC036.
The consistent composition and low sulphur content of the slag are inputs to DFS waste characterisation, materials handling and site planning. The form in which copper and zinc occur in the slag has not been determined.
QMines will assess the new intersections in 26MCDD053 and 26MCRD004 against the existing Mt Chalmers Mineral Resource model, including their relationship to the interpreted mineralised domains and opportunities for follow-up drilling.
Outstanding assays from the 2026 drilling program will be received and incorporated into the geological database to support the Mineral Resource update.
Historical stockpile evaluation will continue with volume surveys, bulk-density measurements and metallurgical testwork on fill and slag composites. Acid-base accounting will also be undertaken on the pyrite-bearing fill to inform DFS waste management and closure planning.
Drilling will continue across the Mt Chalmers project area, including the pontoon program and regional exploration targets.
Drilling and Assay Results
| Hole ID | Type | Purpose | Easting | Northing | RL (m) | Dip (°) | Azi (°) | EOH (m) | Sampled (m) |
|---|---|---|---|---|---|---|---|---|---|
| 26MCRD004 | RC/HQ3 | Geomet | 260,073 | 7,421,292 | 125.6 | -75 | 321 | 141.6 | 80 to 141.6 |
| 26MCDD009 | PQ3/HQ3 | Geomet | 259,848 | 7,421,114 | 102.1 | -76 | 294 | 138.4 | 45 to 138.4 |
| 26MCDD010 | PQ3/HQ3 | Geomet | 259,798 | 7,421,203 | 94.5 | -74 | 147 | 131.9 | 100 to 131.9 |
| 26MCDD015 | PQ3/HQ3 | Geomet | 260,044 | 7,421,123 | 113.4 | -60 | 292 | 140.6 | 87 to 140 |
| 26MCDD018 | PQ3/HQ3 | Geomet | 260,013 | 7,421,144 | 112.9 | -60 | 300 | 140.0 | 54 to 140 |
| 26MCDD023 | HQ3 (pontoon) | Pontoon | 259,862 | 7,421,194 | 91.4 | -89 | 15 | 114.5 | 20.95 to 114.25 |
| 26MCDD053 | HQ3/NQ (pontoon) | Pontoon | 259,936 | 7,421,208 | 91.2 | -89 | 14 | 95.9 | 42.53 to 95.9 |
| 26MCDD024 | PQ3/HQ3 | Geomet | 259,665 | 7,421,206 | 94.1 | -60 | 109 | 90.3 | 35 to 90.3 |
| 26MCDD026 | PQ3/HQ3 | Exploration | 259,619 | 7,421,057 | 94.2 | -61 | 277 | 153.3 | 55 to 153.22 |
| 26MCRC045 | RC | Exploration | 259,469 | 7,421,237 | 84.0 | -76 | 89 | 153.0 | 0 to 151 |
| MB-J | RC | Water bore | 259,438 | 7,421,702 | 93.0 | -90 | 0 | 71.0 | 0 to 71 |
| 26MCRC019 † | RC | Stockpile | 259,718 | 7,421,527 | 133.8 | -90 | 0 | 36.0 | 0 to 36 |
| 26MCRC020 † | RC | Stockpile | 259,739 | 7,421,499 | 135.9 | -90 | 0 | 31.0 | 0 to 31 |
| 26MCRC021 † | RC | Stockpile | 259,766 | 7,421,469 | 138.2 | -90 | 0 | 26.0 | 0 to 26 |
| 26MCRC022 † | RC | Stockpile | 259,788 | 7,421,439 | 139.1 | -90 | 0 | 31.0 | 0 to 31 |
| 26MCRC028 | RC | Stockpile | 259,839 | 7,421,498 | 137.6 | -90 | 0 | 31.0 | 0 to 31 |
| 26MCRC030 | RC | Stockpile | 259,814 | 7,421,471 | 138.6 | -90 | 0 | 31.0 | 0 to 31 |
| 26MCRC032 | RC | Stockpile | 259,864 | 7,421,468 | 139.3 | -90 | 0 | 6.0 | Not sampled |
| 26MCRC032_RD | RC | Stockpile | 259,867 | 7,421,469 | 139.3 | -90 | 0 | 31.0 | 0 to 31 |
| 26MCRC033 | RC | Stockpile | 259,839 | 7,421,440 | 139.6 | -90 | 0 | 46.0 | 0 to 46 |
| 26MCRC034 | RC | Stockpile | 259,965 | 7,421,464 | 141.0 | -90 | 0 | 36.0 | 0 to 36 |
| 26MCRC035 | RC | Stockpile | 260,063 | 7,421,290 | 125.7 | -90 | 0 | 31.0 | 0 to 31 |
| 26MCRC036 | RC | Stockpile | 260,087 | 7,421,319 | 125.2 | -90 | 0 | 31.0 | 0 to 30 |
| 26MCRC037 | RC | Stockpile | 260,119 | 7,421,319 | 125.7 | -90 | 0 | 21.0 | 0 to 21 |
| 26MCRC038 | RC | Stockpile | 260,113 | 7,421,348 | 124.3 | -90 | 0 | 17.0 | 0 to 17 |
| 26MCRC039 | RC | Stockpile | 260,106 | 7,421,297 | 125.5 | -90 | 0 | 26.0 | 0 to 26 |
| 26MCRC040 | RC | Stockpile | 260,113 | 7,421,408 | 124.3 | -90 | 0 | 21.0 | 0 to 21 |
| 26MCRC041 | RC | Stockpile | 260,058 | 7,421,378 | 121.0 | -90 | 0 | 16.0 | 1 to 16 |
| 26MCRC042 | RC | Stockpile | 260,063 | 7,421,366 | 120.4 | -90 | 0 | 21.0 | 1 to 21 |
| 26MCRC044 | RC | Stockpile | 260,086 | 7,421,378 | 125.7 | -90 | 0 | 21.0 | 1 to 21 |
| Hole ID | From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
Pb (%) |
CuEq (%) |
Cut-off |
|---|---|---|---|---|---|---|---|---|---|---|
| 26MCRD004 | 133 | 141.6 EOH | 8.6 | 1.11 | 0.11 | 2.7 | 0.01 | 0.01 | 1.23 | 0.2% Cu |
| incl. | 139 | 141 | 2.0 | 3.70 | 0.14 | 7.9 | 0.01 | 0.02 | 3.91 | 1.0% Cu |
| incl. | 139 | 140 | 1.0 | 6.02 | 0.13 | 12.2 | 0.01 | 0.03 | 6.28 | 2.0% Cu |
| and (Au) | 114 | 116 | 2.0 | 0.17 | 0.41 | 2.5 | 0.04 | 0.02 | 0.53 | 0.2g/t Au |
| and (Au) | 135 | 136 | 1.0 | 0.72 | 0.27 | 1.2 | 0.02 | <0.01 | 0.95 | 0.2g/t Au |
| 26MCDD009 | 50 | 51 | 1.0 | 0.22 | 0.93 | 47.7 | 2.12 | 1.82 | 2.09 | 0.2% Cu |
| and | 53 | 54 | 1.0 | 0.28 | 3.09 | 124.0 | 1.35 | 2.86 | 4.64 | 0.2% Cu |
| and | 66 | 68 | 2.0 | 0.32 | 0.32 | 9.1 | 0.15 | 0.23 | 0.73 | 0.2% Cu |
| and | 75 | 76 | 1.0 | 0.67 | 0.42 | 22.6 | 13.10 | 8.11 | 4.58 | 0.2% Cu |
| and (Zn) | 50 | 51 | 1.0 | 0.22 | 0.93 | 47.7 | 2.12 | 1.82 | 2.09 | 1.0% Zn |
| and (Zn) | 53 | 54 | 1.0 | 0.28 | 3.09 | 124.0 | 1.35 | 2.86 | 4.64 | 1.0% Zn |
| and (Zn) | 60 | 63 | 3.0 | 0.08 | 0.71 | 10.3 | 1.92 | 1.09 | 1.25 | 1.0% Zn |
| and (Zn) | 74 | 78 | 4.0 | 0.20 | 0.24 | 8.8 | 5.03 | 3.28 | 1.76 | 1.0% Zn |
| and (Au) | 50 | 55 | 5.0 | 0.12 | 1.15 | 46.2 | 0.85 | 1.11 | 1.83 | 0.2g/t Au |
| and (Au) | 60 | 68 | 8.0 | 0.12 | 0.41 | 7.6 | 0.91 | 0.59 | 0.77 | 0.2g/t Au |
| and (Au) | 74 | 76 | 2.0 | 0.37 | 0.41 | 15.8 | 9.37 | 6.28 | 3.24 | 0.2g/t Au |
| 26MCDD010 | NSI | |||||||||
| 26MCDD015 | 113 | 114.1 | 1.1 | 0.23 | 0.11 | 3.1 | 0.10 | 0.04 | 0.38 | 0.2% Cu |
| and | 118 | 119 | 1.0 | 0.22 | 0.16 | 4.1 | 0.06 | 0.03 | 0.41 | 0.2% Cu |
| 26MCDD018 | 93 | 95 | 2.0 | 1.16 | 0.22 | 5.5 | 0.09 | 0.05 | 1.43 | 0.2% Cu |
| incl. | 94 | 95 | 1.0 | 1.70 | 0.26 | 7.3 | 0.14 | 0.09 | 2.03 | 1.0% Cu |
| and | 98 | 113 | 15.0 | 0.49 | 0.20 | 3.7 | 0.24 | 0.03 | 0.75 | 0.2% Cu |
| incl. | 106 | 109 | 3.0 | 1.25 | 0.22 | 3.8 | 0.26 | 0.02 | 1.54 | 1.0% Cu |
| and | 120 | 123 | 3.0 | 0.45 | 0.14 | 5.6 | 0.58 | 0.03 | 0.78 | 0.2% Cu |
| and (Zn) | 68 | 70 | 2.0 | 0.05 | 0.52 | 24.8 | 1.36 | 0.47 | 1.12 | 1.0% Zn |
| and (Zn) | 119 | 120 | 1.0 | 0.19 | 0.21 | 2.8 | 1.48 | 0.01 | 0.76 | 1.0% Zn |
| and (Au) | 65 | 72 | 7.0 | 0.05 | 0.50 | 22.9 | 0.76 | 0.27 | 0.92 | 0.2g/t Au |
| and (Au) | 83 | 85 | 2.0 | 0.01 | 0.22 | 3.5 | 0.09 | 0.04 | 0.25 | 0.2g/t Au |
| and (Au) | 94 | 95 | 1.0 | 1.70 | 0.26 | 7.3 | 0.14 | 0.09 | 2.03 | 0.2g/t Au |
| and (Au) | 99 | 109 | 10.0 | 0.60 | 0.23 | 4.2 | 0.23 | 0.04 | 0.90 | 0.2g/t Au |
| and (Au) | 119 | 121 | 2.0 | 0.50 | 0.22 | 6.0 | 0.99 | 0.02 | 1.00 | 0.2g/t Au |
| 26MCDD023 | 22.75 | 26 | 3.25 | 0.43 | 0.32 | 8.7 | 2.39 | 0.33 | 1.40 | 0.2% Cu |
| and | 39 | 40 | 1.0 | 0.21 | 0.19 | 9.2 | 0.68 | 0.14 | 0.65 | 0.2% Cu |
| and | 82 | 83 | 1.0 | 0.21 | 0.05 | 3.8 | 1.22 | 0.93 | 0.61 | 0.2% Cu |
| and (Zn) | 22.75 | 26 | 3.25 | 0.43 | 0.32 | 8.7 | 2.39 | 0.33 | 1.40 | 1.0% Zn |
| and (Zn) | 52 | 53 | 1.0 | 0.07 | 0.06 | 3.4 | 2.43 | 0.25 | 0.77 | 1.0% Zn |
| and (Zn) | 82 | 83 | 1.0 | 0.21 | 0.05 | 3.8 | 1.22 | 0.93 | 0.61 | 1.0% Zn |
| and (Au) | 20.95 | 26 | 5.05 | 0.32 | 0.27 | 6.7 | 1.56 | 0.23 | 1.01 | 0.2g/t Au |
| 26MCDD053 | 42.53 | 73 | 30.47 | 1.24 | 0.87 | 12.2 | 1.11 | 0.20 | 2.37 | 0.2% Cu |
| incl. | 42.53 | 52 | 9.47 | 2.36 | 2.14 | 16.0 | 1.51 | 0.07 | 4.64 | 1.0% Cu |
| incl. | 56 | 58 | 2.0 | 1.23 | 0.86 | 14.9 | 0.72 | 0.74 | 2.28 | 1.0% Cu |
| incl. | 65 | 68 | 3.0 | 1.58 | 0.23 | 13.1 | 0.67 | 0.16 | 2.10 | 1.0% Cu |
| incl. | 65 | 66 | 1.0 | 2.57 | 0.34 | 21.4 | 1.33 | 0.34 | 3.44 | 2.0% Cu |
| incl. | 72 | 73 | 1.0 | 1.40 | 0.16 | 24.6 | 0.88 | 0.26 | 2.06 | 1.0% Cu |
| and (Zn) | 45 | 57 | 12.0 | 1.57 | 1.05 | 15.7 | 2.15 | 0.24 | 3.14 | 1.0% Zn |
| and (Zn) | 65 | 66 | 1.0 | 2.57 | 0.34 | 21.4 | 1.33 | 0.34 | 3.44 | 1.0% Zn |
| and (Zn) | 73 | 74 | 1.0 | 0.05 | 0.10 | 4.5 | 1.24 | 0.20 | 0.49 | 1.0% Zn |
| and (Zn) | 79 | 80 | 1.0 | 0.05 | 0.09 | 5.4 | 1.75 | 0.12 | 0.63 | 1.0% Zn |
| and (Au) | 42.53 | 67 | 24.47 | 1.36 | 1.05 | 12.5 | 1.23 | 0.21 | 2.67 | 0.2g/t Au |
| 26MCDD024 | 71 | 72 | 1.0 | 0.38 | 0.26 | 6.7 | 0.01 | 0.01 | 0.68 | 0.2% Cu |
| and (Au) | 71 | 72 | 1.0 | 0.38 | 0.26 | 6.7 | 0.01 | 0.01 | 0.68 | 0.2g/t Au |
| and (Au) | 87 | 88 | 1.0 | 0.01 | 0.69 | 0.2 | 0.01 | <0.01 | 0.57 | 0.2g/t Au |
| 26MCDD026 | 70 | 73 | 3.0 | 0.20 | 0.15 | 17.0 | 0.80 | 0.46 | 0.74 | 0.2% Cu |
| and (Zn) | 66 | 71 | 5.0 | 0.09 | 0.18 | 27.9 | 1.17 | 0.71 | 0.88 | 1.0% Zn |
| and (Zn) | 77 | 78 | 1.0 | 0.06 | 0.16 | 8.9 | 1.11 | 0.53 | 0.58 | 1.0% Zn |
| and (Au) | 64 | 67 | 3.0 | 0.05 | 0.26 | 33.7 | 0.63 | 0.36 | 0.84 | 0.2g/t Au |
| and (Au) | 70 | 71 | 1.0 | 0.31 | 0.24 | 35.0 | 1.91 | 1.20 | 1.42 | 0.2g/t Au |
| and (Au) | 101 | 103 | 2.0 | 0.06 | 0.36 | 10.3 | 0.05 | 0.02 | 0.49 | 0.2g/t Au |
| and (Au) | 106 | 107 | 1.0 | 0.17 | 2.94 | 10.6 | 0.03 | 0.02 | 2.65 | 0.2g/t Au |
| 26MCRC045 (Au) | 24 | 25 | 1.0 | <0.01 | 0.83 | 0.2 | 0.07 | <0.01 | 0.68 | 0.2g/t Au |
| MB-J | NSI | |||||||||
| Hole ID | Material | From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
Pb (%) |
Cut-off |
|---|---|---|---|---|---|---|---|---|---|---|
| 26MCRC019 † | Fill | 5 | 7 | 2.0 | 0.25 | 0.29 | 9.3 | 0.29 | 0.12 | 0.2% Cu |
| 26MCRC020 † | Fill | 3 | 5 | 2.0 | 0.21 | 0.24 | 8.1 | 0.66 | 0.26 | 0.2% Cu |
| and (Au) | Fill | 1 | 2 | 1.0 | 0.06 | 0.70 | 4.5 | 0.06 | 0.17 | 0.5g/t Au |
| and (Au) | Bedrock | 6 | 7 | 1.0 | 0.09 | 0.36 | 17.8 | 0.83 | 0.42 | 0.2g/t Au |
| 26MCRC021 † | Fill | 4 | 5 | 1.0 | 0.29 | 0.19 | 2.2 | 0.08 | 0.04 | 0.2% Cu |
| 26MCRC022 † | Fill | 4 | 5 | 1.0 | 0.27 | 0.62 | 4.6 | 0.04 | 0.12 | 0.2% Cu |
| and | Fill | 8 | 14 | 6.0 | 0.29 | 0.77 | 7.3 | 0.08 | 0.14 | 0.2% Cu |
| and | Fill | 17 | 18 | 1.0 | 0.30 | 0.36 | 2.5 | 0.19 | 0.09 | 0.2% Cu |
| and (Au) | Fill | 4 | 17 | 13.0 | 0.21 | 0.88 | 9.4 | 0.06 | 0.19 | 0.5g/t Au |
| and | Bedrock | 18 | 19 | 1.0 | 0.38 | 1.41 | 10.9 | 1.47 | 0.23 | 0.2% Cu |
| and (Zn) | Bedrock | 18 | 19 | 1.0 | 0.38 | 1.41 | 10.9 | 1.47 | 0.23 | 1.0% Zn |
| and (Au) | Bedrock | 18 | 21 | 3.0 | 0.24 | 0.69 | 9.3 | 0.87 | 0.24 | 0.2g/t Au |
| 26MCRC028 | Fill | 7 | 11 | 4.0 | 0.39 | 0.26 | 10.9 | 0.74 | 0.24 | 0.2% Cu |
| and (Zn) | Fill | 9 | 11 | 2.0 | 0.61 | 0.32 | 16.4 | 1.36 | 0.41 | 1.0% Zn |
| and (Au) | Fill | 2 | 3 | 1.0 | 0.14 | 0.63 | 7.1 | 0.04 | 0.17 | 0.5g/t Au |
| 26MCRC030 | Fill | 6 | 14 | 8.0 | 0.26 | 0.34 | 6.8 | 0.78 | 0.21 | 0.2% Cu |
| and | Fill | 19 | 20 | 1.0 | 0.31 | 0.23 | 2.9 | 0.73 | 0.06 | 0.2% Cu |
| and (Zn) | Fill | 7 | 8 | 1.0 | 0.21 | 0.24 | 9.3 | 2.22 | 0.38 | 1.0% Zn |
| and (Au) | Fill | 4 | 5 | 1.0 | 0.18 | 0.54 | 1.8 | 0.04 | 0.07 | 0.5g/t Au |
| and (Au) | Fill | 13 | 14 | 1.0 | 0.54 | 0.82 | 4.3 | 0.89 | 0.17 | 0.5g/t Au |
| and (Au) | Fill | 18 | 19 | 1.0 | 0.13 | 0.53 | 4.1 | 0.46 | 0.07 | 0.5g/t Au |
| 26MCRC032_RD | Fill | 5 | 6 | 1.0 | 0.55 | 0.24 | 5.7 | 4.32 | 2.62 | 0.2% Cu |
| and | Fill | 12 | 15 | 3.0 | 0.23 | 0.23 | 6.2 | 0.39 | 0.19 | 0.2% Cu |
| and (Zn) | Fill | 5 | 6 | 1.0 | 0.55 | 0.24 | 5.7 | 4.32 | 2.62 | 1.0% Zn |
| 26MCRC033 | Fill | 3 | 4 | 1.0 | 0.21 | 0.46 | 4.0 | 0.03 | 0.20 | 0.2% Cu |
| and | Fill | 12 | 20 | 8.0 | 0.33 | 0.31 | 8.1 | 0.90 | 0.24 | 0.2% Cu |
| and (Zn) | Fill | 18 | 20 | 2.0 | 0.33 | 0.24 | 16.8 | 2.33 | 0.36 | 1.0% Zn |
| and (Au) | Fill | 4 | 6 | 2.0 | 0.11 | 0.56 | 7.5 | 0.03 | 0.25 | 0.5g/t Au |
| and (Au) | Fill | 10 | 11 | 1.0 | 0.14 | 0.71 | 4.3 | 0.02 | 0.11 | 0.5g/t Au |
| and (Au) | Fill | 16 | 17 | 1.0 | 0.32 | 0.59 | 11.6 | 0.89 | 0.55 | 0.5g/t Au |
| and | Bedrock | 22 | 25 | 3.0 | 0.38 | 0.65 | 18.0 | 0.78 | 0.37 | 0.2% Cu |
| and (Zn) | Bedrock | 22 | 23 | 1.0 | 0.54 | 0.64 | 27.7 | 1.79 | 0.59 | 1.0% Zn |
| and (Au) | Bedrock | 22 | 30 | 8.0 | 0.20 | 0.39 | 10.9 | 0.54 | 0.25 | 0.2g/t Au |
| 26MCRC034 | Slag | 0 | 5 | 5.0 | 0.23 | 0.07 | 0.6 | 0.45 | 0.02 | 0.2% Cu |
| 26MCRC035 | Slag | 0 | 4 | 4.0 | 0.35 | 0.22 | 1.2 | 0.97 | 0.05 | 0.2% Cu |
| and (Zn) | Slag | 1 | 2 | 1.0 | 0.43 | 0.27 | 1.5 | 1.09 | 0.05 | 1.0% Zn |
| and (Zn) | Slag | 3 | 4 | 1.0 | 0.34 | 0.20 | 0.9 | 1.00 | 0.06 | 1.0% Zn |
| 26MCRC036 | Slag | 0 | 9 | 9.0 | 0.27 | 0.08 | 0.4 | 0.60 | 0.02 | 0.2% Cu |
| 26MCRC037 | Slag | 1 | 6 | 5.0 | 0.27 | 0.08 | 0.4 | 0.47 | 0.02 | 0.2% Cu |
| 26MCRC038 | Slag | 3 | 15 | 12.0 | 0.28 | 0.07 | 0.4 | 0.63 | 0.03 | 0.2% Cu |
| 26MCRC039 | Slag | NSI | ||||||||
| 26MCRC040 | Slag | NSI | ||||||||
| 26MCRC041 | Slag | 9 | 13 | 4.0 | 0.27 | 0.05 | 0.3 | 0.41 | 0.01 | 0.2% Cu |
| 26MCRC042 | Slag | 5 | 17 | 12.0 | 0.24 | 0.06 | 0.4 | 0.47 | 0.02 | 0.2% Cu |
| 26MCRC044 | Slag | NSI | ||||||||
| Hole ID | Logged material | Depth (m) | Thickness (m) | Cu (%) | Au (g/t) | Ag (g/t) | Zn (%) | Pb (%) | S (%) |
|---|---|---|---|---|---|---|---|---|---|
| 26MCRC019 † | Fill | 0 to 9 | 9.0 | 0.08 | 0.13 | 2.9 | 0.11 | 0.05 | 0.57 |
| 26MCRC020 † | Fill | 0 to 6 | 6.0 | 0.14 | 0.33 | 6.7 | 0.48 | 0.22 | 1.90 |
| 26MCRC021 † | Fill | 0 to 17 | 17.0 | 0.08 | 0.12 | 1.8 | 0.06 | 0.03 | 0.74 |
| 26MCRC022 † | Fill | 0 to 18 | 18.0 | 0.18 | 0.70 | 7.4 | 0.06 | 0.15 | 1.19 |
| 26MCRC028 | Fill | 0 to 12 | 12.0 | 0.20 | 0.27 | 6.6 | 0.37 | 0.15 | 2.07 |
| 26MCRC030 | Fill | 0 to 20 | 20.0 | 0.17 | 0.28 | 4.3 | 0.47 | 0.13 | 2.57 |
| 26MCRC032_RD | Fill | 0 to 16 | 16.0 | 0.13 | 0.20 | 6.2 | 0.52 | 0.39 | 1.51 |
| 26MCRC033 | Fill | 0 to 22 | 22.0 | 0.19 | 0.35 | 5.5 | 0.36 | 0.17 | 1.52 |
| 26MCRC034 | Slag | 0 to 7 | 7.0 | 0.22 | 0.07 | 0.5 | 0.43 | 0.02 | 0.15 |
| 26MCRC035 | Slag | 0 to 4 | 4.0 | 0.35 | 0.22 | 1.2 | 0.97 | 0.05 | 0.14 |
| 26MCRC036 | Slag | 0 to 10 | 10.0 | 0.27 | 0.08 | 0.4 | 0.59 | 0.02 | 0.06 |
| 26MCRC037 | Slag | 1 to 7 | 6.0 | 0.26 | 0.08 | 0.4 | 0.50 | 0.02 | 0.05 |
| 26MCRC038 | Slag | 0 to 16 | 16.0 | 0.24 | 0.06 | 0.4 | 0.55 | 0.03 | 0.14 |
| 26MCRC039 | None logged | ||||||||
| 26MCRC040 | Fill | 0 to 20 | 20.0 | 0.03 | 0.04 | 1.5 | 0.07 | 0.05 | 0.19 |
| 26MCRC041 | Fill | 1 to 9 | 8.0 | 0.06 | 0.10 | 0.7 | 0.08 | 0.02 | 0.34 |
| 26MCRC041 | Slag | 9 to 13 | 4.0 | 0.27 | 0.05 | 0.3 | 0.41 | 0.01 | 0.18 |
| 26MCRC041 | Fill | 13 to 16 | 3.0 | 0.02 | 0.01 | 0.2 | 0.03 | <0.01 | 0.03 |
| 26MCRC042 | Fill | 1 to 5 | 4.0 | 0.08 | 0.09 | 0.7 | 0.13 | 0.02 | 0.23 |
| 26MCRC042 | Slag | 5 to 17 | 12.0 | 0.24 | 0.06 | 0.4 | 0.47 | 0.02 | 0.11 |
| 26MCRC042 | Fill | 17 to 21 | 4.0 | 0.02 | 0.02 | 0.2 | 0.02 | <0.01 | 0.13 |
| 26MCRC044 | Fill | 1 to 16 | 15.0 | 0.05 | 0.09 | 0.6 | 0.09 | 0.02 | 0.41 |
| 26MCRC044 | Slag | 16 to 21 | 5.0 | 0.11 | 0.13 | 0.7 | 0.18 | 0.03 | 0.44 |
| Northwest stockpiles | Fill (8 holes) | 120.0 | 0.15 | 0.32 | 5.1 | 0.30 | 0.16 | 1.54 | |
| Eastern stockpiles | Fill (4 holes) | 54.0 | 0.04 | 0.06 | 0.9 | 0.07 | 0.03 | 0.26 | |
| All holes | Slag (8 holes) | 63.0 | 0.24 | 0.08 | 0.5 | 0.51 | 0.02 | 0.14 |
Program Summary
Table 5 lists every hole drilled in the 2026 Mt Chalmers program. Assays are pending for eight completed holes, including pontoon holes 26MCDD029, 26MCDD050, 26MCDD051 and 26MCDD054RD, South Mount Chalmers exploratory holes 26MCDD031 and 26MCDD046, and step out holes 26MCDD049 and 26MCDD052, and drilling is continuing.
The 19 October 2026 release showed 26MCRC019 to 022 as assays pending and 26MCDD017 as having no significant intercept, although both were reported on 23 September 2026, and showed 2026_GT02 as assays pending, although it was not sampled. Table 5 corrects these entries.
| Hole ID | Easting | Northing | RL (m) |
Dip (°) |
Azi (°) |
EOH (m) |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Zn (%) |
Pb (%) |
Ag (g/t) |
Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026_GT01 | 260,171 | 7,421,333 | 130.1 | -75 | 110 | 129.9 | – | – | – | – | – | – | – | – | Not sampled (geotechnical) |
| 2026_GT02 | 260,061 | 7,421,202 | 139.5 | -70 | 185 | 140.0 | – | – | – | – | – | – | – | – | Not sampled (geotechnical) |
| 2026_GT03 | 259,846 | 7,421,069 | 106.3 | -85 | 175 | 75.5 | 48.0 | 51.0 | 3.0 | 0.10 | 0.30 | 1.90 | 0.80 | 16 | Previously reported |
| 2026_GT04 | 259,676 | 7,421,328 | 90.5 | -65 | 15 | 60.5 | – | – | – | – | – | – | – | – | Not sampled (geotechnical) |
| 2026_GT05 | 259,857 | 7,421,514 | 136.5 | -65 | 20 | 87.1 | – | – | – | – | – | – | – | – | Not sampled (geotechnical) |
| 2026_GT06 | 259,767 | 7,421,482 | 137.1 | -90 | 0 | 45.3 | – | – | – | – | – | – | – | – | Not sampled (geotechnical) |
| 26MCRD001 | 260,003 | 7,421,420 | 128.0 | -75.1 | 240 | 8.3 | – | – | – | – | – | – | – | – | Abandoned at 8.3m; not sampled |
| 26MCRD002 | 260,013 | 7,421,420 | 125.3 | -75.1 | 240 | 211.5 | 90 | 91 | 1 | 0.43 | 0.21 | 1.28 | – | 7.3 | Previously reported |
| 107 | 142 | 35 | 2.88 | 0.75 | 0.02 | – | 3.3 | ||||||||
| 110 | 141 | 31 | 3.22 | 0.83 | 0.02 | – | 3.6 | ||||||||
| 146 | 150 | 4 | 0.89 | 0.21 | 0.02 | – | 2.2 | ||||||||
| 160 | 161 | 1 | 1.01 | 0.11 | 0.01 | – | 2.1 | ||||||||
| 178 | 179 | 1 | 0.55 | 0.06 | 0.04 | – | 0.8 | ||||||||
| 26MCDD003 | 259,733 | 7,421,242 | 96.0 | -60 | 100 | 102.0 | 20.0 | 24.5 | 4.3 | 1.0 | 1.7 | 8.9 | 3.7 | 57 | Previously reported |
| 28.5 | 34.0 | 5.5 | 0.5 | 2.5 | 11.4 | 4.7 | 29 | ||||||||
| 54.0 | 72.0 | 18.0 | 1.7 | 2.7 | – | – | 2 | ||||||||
| 54.0 | 66.0 | 12.0 | 2.0 | 3.8 | – | – | 2 | ||||||||
| 61.0 | 62.0 | 1.0 | 3.3 | 20.3 | – | – | 5 | ||||||||
| 26MCRD004 | 260,073 | 7,421,292 | 125.6 | -75 | 321 | 141.6 | 133 | 141.6 EOH | 8.6 | 1.11 | 0.11 | 0.01 | 0.01 | 2.7 | Reported herein |
| 139 | 141 | 2.0 | 3.70 | 0.14 | 0.01 | 0.02 | 7.9 | ||||||||
| 139 | 140 | 1.0 | 6.02 | 0.13 | 0.01 | 0.03 | 12.2 | ||||||||
| 114 | 116 | 2.0 | 0.17 | 0.41 | 0.04 | 0.02 | 2.5 | ||||||||
| 135 | 136 | 1.0 | 0.72 | 0.27 | 0.02 | <0.01 | 1.2 | ||||||||
| 26MCRD005 | 260,074 | 7,421,304 | 125.6 | -75 | 143 | 156.1 | 103 | 147 | 44.0 | 1.03 | 0.15 | 0.02 | <0.01 | 2.3 | Previously reported |
| 103 | 113 | 10.0 | 2.20 | 0.35 | 0.03 | <0.01 | 4.7 | ||||||||
| 108 | 110 | 2.0 | 5.52 | 0.97 | 0.05 | <0.01 | 9.3 | ||||||||
| 26MCRD006 | 260,011 | 7,421,429 | 125.5 | -70 | 10 | 213.4 | 133 | 135 | 2.0 | 0.56 | 0.09 | 0.01 | 0.01 | 0.8 | Previously reported |
| 138 | 170 | 32.0 | 1.99 | 0.39 | 0.02 | 0.01 | 2.6 | ||||||||
| 149 | 159 | 10.0 | 3.21 | 0.39 | 0.01 | 0.01 | 3.5 | ||||||||
| 152 | 159 | 7.0 | 4.18 | 0.51 | 0.01 | 0.01 | 4.3 | ||||||||
| 163 | 170 | 7.0 | 2.14 | 1.00 | 0.01 | <0.01 | 3.1 | ||||||||
| 26MCDD007 | 259,794 | 7,421,207 | 94.7 | -55 | 310 | 132.4 | 40 | 48 | 8 | 0.37 | 0.23 | 0.05 | – | 2.3 | Previously reported |
| 54 | 56 | 2 | 0.70 | 0.44 | 0.03 | – | 1.2 | ||||||||
| 60 | 61 | 1 | 0.62 | 0.22 | 0.02 | – | 0.8 | ||||||||
| 66 | 82 | 16 | 1.17 | 1.58 | 0.03 | – | 2.5 | ||||||||
| 80 | 82 | 2 | 4.22 | 5.38 | 0.03 | – | 7.4 | ||||||||
| 89 | 110 | 21 | 0.84 | 0.83 | 0.10 | – | 2.1 | ||||||||
| 93 | 98 | 5 | 1.52 | 1.09 | 0.11 | – | 2.5 | ||||||||
| 114 | 115 | 1 | 0.80 | 0.15 | 0.01 | – | 1.1 | ||||||||
| 26MCDD008 | 259,903 | 7,421,098 | 102.9 | -75 | 270 | 159.5 | 56 | 81 | 25.0 | 0.19 | 2.08 | 2.56 | 1.79 | 92 | Previously reported |
| 56 | 69 | 13.0 | 0.29 | 3.51 | 3.89 | 2.99 | 119 | ||||||||
| 56 | 63 | 7.0 | 0.35 | 5.79 | 5.16 | 4.40 | 147 | ||||||||
| 67 | 69 | 2.0 | 0.56 | 1.52 | 5.72 | 3.20 | 219 | ||||||||
| 71 | 77 | 6.0 | 0.12 | 0.82 | 1.69 | 0.72 | 114 | ||||||||
| 88 | 94 | 6.0 | 0.03 | 0.20 | 0.48 | 0.43 | 5.6 | ||||||||
| 120 | 122 | 2.0 | 0.02 | 0.09 | 0.83 | 0.44 | 5.9 | ||||||||
| 26MCDD009 | 259,848 | 7,421,114 | 102.1 | -76 | 294 | 138.4 | 50 | 51 | 1.0 | 0.22 | 0.93 | 2.12 | 1.82 | 47.7 | Reported herein |
| 53 | 54 | 1.0 | 0.28 | 3.09 | 1.35 | 2.86 | 124.0 | ||||||||
| 66 | 68 | 2.0 | 0.32 | 0.32 | 0.15 | 0.23 | 9.1 | ||||||||
| 75 | 76 | 1.0 | 0.67 | 0.42 | 13.10 | 8.11 | 22.6 | ||||||||
| 50 | 51 | 1.0 | 0.22 | 0.93 | 2.12 | 1.82 | 47.7 | ||||||||
| 53 | 54 | 1.0 | 0.28 | 3.09 | 1.35 | 2.86 | 124.0 | ||||||||
| 60 | 63 | 3.0 | 0.08 | 0.71 | 1.92 | 1.09 | 10.3 | ||||||||
| 74 | 78 | 4.0 | 0.20 | 0.24 | 5.03 | 3.28 | 8.8 | ||||||||
| 50 | 55 | 5.0 | 0.12 | 1.15 | 0.85 | 1.11 | 46.2 | ||||||||
| 60 | 68 | 8.0 | 0.12 | 0.41 | 0.91 | 0.59 | 7.6 | ||||||||
| 74 | 76 | 2.0 | 0.37 | 0.41 | 9.37 | 6.28 | 15.8 | ||||||||
| 26MCDD010 | 259,798 | 7,421,203 | 94.5 | -74 | 147 | 131.9 | NSI | Reported herein | |||||||
| 26MCDD011 | 260,078 | 7,421,247 | 138.1 | -85 | 71.5 | 150.5 | 111 | 118 | 7.0 | 1.02 | 0.19 | 0.10 | 0.04 | 5.4 | Previously reported |
| 121 | 145 | 24.0 | 0.46 | 0.09 | 0.01 | 0.01 | 1.7 | ||||||||
| 26MCDD012 | 259,914 | 7,421,087 | 104.7 | -75 | 160.1 | 164.4 | 45.0 | 50.0 | 5.0 | 0.12 | 0.99 | 1.84 | 1.09 | 55.5 | Previously reported |
| 45.0 | 47.0 | 2.0 | 0.15 | 1.91 | 1.73 | 1.06 | 117.7 | ||||||||
| 116.6 | 134 | 17.4 | 0.11 | 0.18 | 1.55 | 0.63 | 12.7 | ||||||||
| 26MCDD013 | 259,816 | 7,421,102 | 104.7 | -60 | 334 | 57.4 | 53.9 | 55.4 | 1.5 | 1.35 | 7.11 | 11.73 | 6.85 | 60.6 | Previously reported |
| 26MCDD014 | 259,704 | 7,421,311 | 92.9 | -65 | 105 | 147.1 | 86.0 | 95.0 | 9.0 | 0.69 | 0.07 | 0.01 | <0.01 | 0.5 | Previously reported |
| 94.0 | 95.0 | 1.0 | 2.45 | 0.20 | 0.01 | <0.01 | 1.0 | ||||||||
| 26MCDD015 | 260,044 | 7,421,123 | 113.4 | -60 | 292 | 140.6 | 113 | 114.1 | 1.1 | 0.23 | 0.11 | 0.10 | 0.04 | 3.1 | Reported herein |
| 118 | 119 | 1.0 | 0.22 | 0.16 | 0.06 | 0.03 | 4.1 | ||||||||
| 26MCDD016 | 259,862 | 7,421,232 | 91.1 | -90 | 0 | 33.8 | – | – | – | – | – | – | – | – | Pontoon; abandoned at 33.8m, redrilled as 26MCDD017; not sampled |
| 26MCDD017 | 259,865 | 7,421,231 | 91.1 | -90 | 0 | 121.4 | 27 | 28 | 1.0 | 0.07 | 0.08 | 1.03 | 0.01 | 0.9 | Pontoon; previously reported |
| 33 | 34 | 1.0 | 0.31 | 0.01 | 1.29 | 0.01 | 2.0 | ||||||||
| 37 | 38 | 1.0 | 0.28 | 0.71 | 0.01 | 0.06 | 3.6 | ||||||||
| 53 | 57 | 4.0 | 0.08 | 0.06 | 1.03 | 0.01 | 1.2 | ||||||||
| 103 | 104 | 1.0 | 0.28 | 0.09 | 0.03 | <0.01 | 2.2 | ||||||||
| 114 | 115 | 1.0 | 0.25 | 0.08 | 0.02 | <0.01 | 3.9 | ||||||||
| 26MCDD018 | 260,013 | 7,421,144 | 112.9 | -60 | 300 | 140.0 | 93 | 95 | 2.0 | 1.16 | 0.22 | 0.09 | 0.05 | 5.5 | Reported herein |
| 94 | 95 | 1.0 | 1.70 | 0.26 | 0.14 | 0.09 | 7.3 | ||||||||
| 98 | 113 | 15.0 | 0.49 | 0.20 | 0.24 | 0.03 | 3.7 | ||||||||
| 106 | 109 | 3.0 | 1.25 | 0.22 | 0.26 | 0.02 | 3.8 | ||||||||
| 120 | 123 | 3.0 | 0.45 | 0.14 | 0.58 | 0.03 | 5.6 | ||||||||
| 68 | 70 | 2.0 | 0.05 | 0.52 | 1.36 | 0.47 | 24.8 | ||||||||
| 119 | 120 | 1.0 | 0.19 | 0.21 | 1.48 | 0.01 | 2.8 | ||||||||
| 65 | 72 | 7.0 | 0.05 | 0.50 | 0.76 | 0.27 | 22.9 | ||||||||
| 83 | 85 | 2.0 | 0.01 | 0.22 | 0.09 | 0.04 | 3.5 | ||||||||
| 94 | 95 | 1.0 | 1.70 | 0.26 | 0.14 | 0.09 | 7.3 | ||||||||
| 99 | 109 | 10.0 | 0.60 | 0.23 | 0.23 | 0.04 | 4.2 | ||||||||
| 119 | 121 | 2.0 | 0.50 | 0.22 | 0.99 | 0.02 | 6.0 | ||||||||
| 26MCRC019 | 259,718 | 7,421,527 | 133.8 | -90 | 0 | 36.0 | 1 | 2 | 1.0 | 0.06 | 0.20 | 0.11 | 0.09 | 3.5 | Previously reported; historical stockpile |
| 5 | 7 | 2.0 | 0.25 | 0.29 | 0.29 | 0.12 | 9.3 | ||||||||
| 26MCRC020 | 259,739 | 7,421,499 | 135.9 | -90 | 0 | 31.0 | 1 | 7 | 6.0 | 0.15 | 0.39 | 0.61 | 0.29 | 9.5 | Previously reported; historical stockpile |
| 26MCRC021 | 259,766 | 7,421,469 | 138.2 | -90 | 0 | 26.0 | 2 | 7 | 5.0 | 0.17 | 0.28 | 0.10 | 0.07 | 3.2 | Previously reported; historical stockpile |
| 26MCRC022 | 259,788 | 7,421,439 | 139.1 | -90 | 0 | 31.0 | 1 | 21 | 20.0 | 0.19 | 0.73 | 0.18 | 0.17 | 8.0 | Previously reported; historical stockpile |
| 26MCDD023 | 259,862 | 7,421,194 | 91.4 | -89 | 15 | 114.5 | 22.75 | 26 | 3.25 | 0.43 | 0.32 | 2.39 | 0.33 | 8.7 | Reported herein |
| 39 | 40 | 1.0 | 0.21 | 0.19 | 0.68 | 0.14 | 9.2 | ||||||||
| 82 | 83 | 1.0 | 0.21 | 0.05 | 1.22 | 0.93 | 3.8 | ||||||||
| 22.75 | 26 | 3.25 | 0.43 | 0.32 | 2.39 | 0.33 | 8.7 | ||||||||
| 52 | 53 | 1.0 | 0.07 | 0.06 | 2.43 | 0.25 | 3.4 | ||||||||
| 82 | 83 | 1.0 | 0.21 | 0.05 | 1.22 | 0.93 | 3.8 | ||||||||
| 20.95 | 26 | 5.05 | 0.32 | 0.27 | 1.56 | 0.23 | 6.7 | ||||||||
| 26MCDD024 | 259,665 | 7,421,206 | 94.1 | -60 | 109 | 90.3 | 71 | 72 | 1.0 | 0.38 | 0.26 | 0.01 | 0.01 | 6.7 | Reported herein |
| 71 | 72 | 1.0 | 0.38 | 0.26 | 0.01 | 0.01 | 6.7 | ||||||||
| 87 | 88 | 1.0 | 0.01 | 0.69 | 0.01 | <0.01 | 0.2 | ||||||||
| 26MCDD025 | 259,876 | 7,421,260 | 91.1 | -89.4 | 0 | 125.7 | 23.3 | 40.0 | 16.7 | 1.04 | 1.16 | 1.24 | 0.57 | 26 | Previously reported |
| 23.3 | 30.0 | 6.7 | 2.07 | 2.37 | 2.74 | 1.39 | 60 | ||||||||
| 27.0 | 30.0 | 3.0 | 3.15 | 1.15 | 1.20 | 0.30 | 31 | ||||||||
| 23.3 | 26.0 | 2.7 | 1.29 | 4.44 | 5.25 | 3.04 | 109 | ||||||||
| 29.0 | 30.0 | 1.0 | 3.32 | 1.15 | 1.95 | 0.21 | 31 | ||||||||
| 44.0 | 49.0 | 5.0 | 0.57 | 0.50 | 0.20 | 0.04 | 7 | ||||||||
| 44.0 | 45.0 | 1.0 | 1.07 | 1.18 | 0.65 | 0.08 | 10 | ||||||||
| 52.0 | 56.0 | 4.0 | 0.45 | 0.23 | 0.08 | 0.07 | 8 | ||||||||
| 23.3 | 50.0 | 26.7 | 0.79 | 0.87 | 0.84 | 0.37 | 18 | ||||||||
| 52.0 | 55.0 | 3.0 | 0.44 | 0.24 | 0.07 | 0.03 | 8 | ||||||||
| 59.0 | 60.0 | 1.0 | 0.10 | 0.23 | 0.13 | 0.04 | 3 | ||||||||
| 26MCDD026 | 259,619 | 7,421,057 | 94.2 | -61 | 277 | 153.3 | 70 | 73 | 3.0 | 0.20 | 0.15 | 0.80 | 0.46 | 17.0 | Reported herein |
| 66 | 71 | 5.0 | 0.09 | 0.18 | 1.17 | 0.71 | 27.9 | ||||||||
| 77 | 78 | 1.0 | 0.06 | 0.16 | 1.11 | 0.53 | 8.9 | ||||||||
| 64 | 67 | 3.0 | 0.05 | 0.26 | 0.63 | 0.36 | 33.7 | ||||||||
| 70 | 71 | 1.0 | 0.31 | 0.24 | 1.91 | 1.20 | 35.0 | ||||||||
| 101 | 103 | 2.0 | 0.06 | 0.36 | 0.05 | 0.02 | 10.3 | ||||||||
| 106 | 107 | 1.0 | 0.17 | 2.94 | 0.03 | 0.02 | 10.6 | ||||||||
| 26MCDD027 | 259,898 | 7,421,238 | 91.5 | -90 | 0 | 67.7 | 42.7 | 54.0 | 11.3 | 1.32 | 0.43 | 0.36 | 0.06 | 11 | Previously reported |
| 42.7 | 51.0 | 8.3 | 1.64 | 0.51 | 0.44 | 0.07 | 13 | ||||||||
| 42.7 | 46.0 | 3.3 | 2.70 | 0.59 | 0.50 | 0.06 | 16 | ||||||||
| 42.7 | 53.0 | 10.3 | 1.38 | 0.45 | 0.38 | 0.06 | 11 | ||||||||
| 26MCRC028 | 259,839 | 7,421,498 | 137.6 | -90 | 0 | 31.0 | 7 | 11 | 4.0 | 0.39 | 0.26 | 0.74 | 0.24 | 10.9 | Reported herein; historical stockpile |
| 9 | 11 | 2.0 | 0.61 | 0.32 | 1.36 | 0.41 | 16.4 | ||||||||
| 2 | 3 | 1.0 | 0.14 | 0.63 | 0.04 | 0.17 | 7.1 | ||||||||
| 26MCDD029 | 259,898 | 7,421,289 | 91.3 | -90 | 0 | 123.1 | – | – | – | – | – | – | – | – | Assays pending |
| 26MCRC030 | 259,814 | 7,421,471 | 138.6 | -90 | 0 | 31.0 | 6 | 14 | 8.0 | 0.26 | 0.34 | 0.78 | 0.21 | 6.8 | Reported herein; historical stockpile |
| 19 | 20 | 1.0 | 0.31 | 0.23 | 0.73 | 0.06 | 2.9 | ||||||||
| 7 | 8 | 1.0 | 0.21 | 0.24 | 2.22 | 0.38 | 9.3 | ||||||||
| 4 | 5 | 1.0 | 0.18 | 0.54 | 0.04 | 0.07 | 1.8 | ||||||||
| 13 | 14 | 1.0 | 0.54 | 0.82 | 0.89 | 0.17 | 4.3 | ||||||||
| 18 | 19 | 1.0 | 0.13 | 0.53 | 0.46 | 0.07 | 4.1 | ||||||||
| 26MCDD031 | 259,596 | 7,421,064 | 92.4 | -60 | 270 | 144.3 | – | – | – | – | – | – | – | – | Assays pending |
| 26MCRC032 | 259,864 | 7,421,468 | 139.3 | -90 | 0 | 6.0 | – | – | – | – | – | – | – | – | Slag stockpile; abandoned at 6m, redrilled as 26MCRC032_RD; not sampled |
| 26MCRC032_RD | 259,867 | 7,421,469 | 139.3 | -90 | 0 | 31.0 | 5 | 6 | 1.0 | 0.55 | 0.24 | 4.32 | 2.62 | 5.7 | Reported herein; historical stockpile |
| 12 | 15 | 3.0 | 0.23 | 0.23 | 0.39 | 0.19 | 6.2 | ||||||||
| 5 | 6 | 1.0 | 0.55 | 0.24 | 4.32 | 2.62 | 5.7 | ||||||||
| 26MCRC033 | 259,839 | 7,421,440 | 139.6 | -90 | 0 | 46.0 | 3 | 4 | 1.0 | 0.21 | 0.46 | 0.03 | 0.20 | 4.0 | Reported herein; historical stockpile |
| 12 | 20 | 8.0 | 0.33 | 0.31 | 0.90 | 0.24 | 8.1 | ||||||||
| 18 | 20 | 2.0 | 0.33 | 0.24 | 2.33 | 0.36 | 16.8 | ||||||||
| 4 | 6 | 2.0 | 0.11 | 0.56 | 0.03 | 0.25 | 7.5 | ||||||||
| 10 | 11 | 1.0 | 0.14 | 0.71 | 0.02 | 0.11 | 4.3 | ||||||||
| 16 | 17 | 1.0 | 0.32 | 0.59 | 0.89 | 0.55 | 11.6 | ||||||||
| 22 | 25 | 3.0 | 0.38 | 0.65 | 0.78 | 0.37 | 18.0 | ||||||||
| 22 | 23 | 1.0 | 0.54 | 0.64 | 1.79 | 0.59 | 27.7 | ||||||||
| 22 | 30 | 8.0 | 0.20 | 0.39 | 0.54 | 0.25 | 10.9 | ||||||||
| 26MCRC034 | 259,965 | 7,421,464 | 141.0 | -90 | 0 | 36.0 | 0 | 5 | 5.0 | 0.23 | 0.07 | 0.45 | 0.02 | 0.6 | Reported herein; historical stockpile |
| 26MCRC035 | 260,063 | 7,421,290 | 125.7 | -90 | 0 | 31.0 | 0 | 4 | 4.0 | 0.35 | 0.22 | 0.97 | 0.05 | 1.2 | Reported herein; historical stockpile |
| 1 | 2 | 1.0 | 0.43 | 0.27 | 1.09 | 0.05 | 1.5 | ||||||||
| 3 | 4 | 1.0 | 0.34 | 0.20 | 1.00 | 0.06 | 0.9 | ||||||||
| 26MCRC036 | 260,087 | 7,421,319 | 125.2 | -90 | 0 | 31.0 | 0 | 9 | 9.0 | 0.27 | 0.08 | 0.60 | 0.02 | 0.4 | Reported herein; historical stockpile |
| 26MCRC037 | 260,119 | 7,421,319 | 125.7 | -90 | 0 | 21.0 | 1 | 6 | 5.0 | 0.27 | 0.08 | 0.47 | 0.02 | 0.4 | Reported herein; historical stockpile |
| 26MCRC038 | 260,113 | 7,421,348 | 124.3 | -90 | 0 | 17.0 | 3 | 15 | 12.0 | 0.28 | 0.07 | 0.63 | 0.03 | 0.4 | Reported herein; historical stockpile |
| 26MCRC039 | 260,106 | 7,421,297 | 125.5 | -90 | 0 | 26.0 | NSI | Reported herein; historical stockpile | |||||||
| 26MCRC040 | 260,113 | 7,421,408 | 124.3 | -90 | 0 | 21.0 | NSI | Reported herein; historical stockpile | |||||||
| 26MCRC041 | 260,058 | 7,421,378 | 121.0 | -90 | 0 | 16.0 | 9 | 13 | 4.0 | 0.27 | 0.05 | 0.41 | 0.01 | 0.3 | Reported herein; historical stockpile |
| 26MCRC042 | 260,063 | 7,421,366 | 120.4 | -90 | 0 | 21.0 | 5 | 17 | 12.0 | 0.24 | 0.06 | 0.47 | 0.02 | 0.4 | Reported herein; historical stockpile |
| 26MCDD043 | 259,915 | 7,421,315 | 91.2 | -88 | 77 | 119.8 | 36.4 | 62.6 | 26.2 | 1.28 | 0.73 | 0.19 | 0.07 | 6 | Previously reported |
| 37.6 | 42.0 | 4.4 | 3.45 | 2.42 | 0.59 | 0.20 | 19 | ||||||||
| 37.6 | 40.0 | 2.4 | 5.37 | 3.83 | 1.04 | 0.35 | 31 | ||||||||
| 45.0 | 48.0 | 3.0 | 1.62 | 0.42 | 0.05 | 0.03 | 5 | ||||||||
| 52.0 | 53.0 | 1.0 | 1.61 | 0.40 | 0.10 | 0.02 | 4 | ||||||||
| 56.0 | 62.6 | 6.6 | 1.02 | 0.25 | 0.04 | 0.02 | 2 | ||||||||
| 36.4 | 39.1 | 2.7 | 3.67 | 3.55 | 1.21 | 0.44 | 32 | ||||||||
| 65.6 | 76.0 | 10.4 | 0.67 | 0.25 | 0.26 | 0.03 | 4 | ||||||||
| 65.6 | 67.0 | 1.4 | 2.33 | 0.56 | 0.26 | 0.07 | 9 | ||||||||
| 70.0 | 71.0 | 1.0 | 1.22 | 0.37 | 0.04 | 0.01 | 4 | ||||||||
| 74.0 | 75.0 | 1.0 | 0.07 | 0.14 | 1.42 | 0.10 | 3 | ||||||||
| 112.0 | 113.0 | 1.0 | 0.07 | 0.09 | 1.05 | 0.05 | 2 | ||||||||
| 26MCRC044 | 260,086 | 7,421,378 | 125.7 | -90 | 0 | 21.0 | NSI | Reported herein; historical stockpile | |||||||
| 26MCRC045 | 259,469 | 7,421,237 | 84.0 | -76 | 89 | 153.0 | 24 | 25 | 1.0 | <0.01 | 0.83 | 0.07 | <0.01 | 0.2 | Reported herein |
| 26MCDD046 | 259,545 | 7,421,073 | 92.4 | -60 | 270 | 141.2 | – | – | – | – | – | – | – | – | Assays pending |
| 26MCDD047 | 259,979 | 7,421,317 | 91.5 | -89 | 157 | 66.6 | 42.1 | 49.7 | 7.6 | 1.77 | 1.46 | 0.58 | 0.12 | 10 | Previously reported |
| 43.0 | 44.2 | 1.2 | 2.98 | 2.58 | 0.81 | 0.13 | 16 | ||||||||
| 48.0 | 49.7 | 1.7 | 2.66 | 2.04 | 0.63 | 0.10 | 9 | ||||||||
| 45.7 | 47.0 | 1.3 | 1.66 | 1.56 | 1.09 | 0.19 | 14 | ||||||||
| 52.0 | 53.4 | 1.4 | 3.10 | 1.04 | 0.05 | 0.01 | 4 | ||||||||
| 52.0 | 53.0 | 1.0 | 3.62 | 1.27 | 0.06 | 0.01 | 5 | ||||||||
| 26MCDD048 | 259,936 | 7,421,237 | 91.3 | -89 | 296 | 63.0 | 50.0 | 63.0 | 13.0 | 0.98 | 0.36 | 0.56 | 0.17 | 5 | Previously reported |
| 50.0 | 56.0 | 6.0 | 1.47 | 0.33 | 0.27 | 0.06 | 4 | ||||||||
| 50.0 | 52.0 | 2.0 | 2.66 | 0.57 | 0.30 | 0.07 | 7 | ||||||||
| 59.0 | 63.0 | 4.0 | 0.46 | 0.53 | 1.26 | 0.46 | 8 | ||||||||
| 26MCDD049 | 260,222 | 7,421,835 | 100.0 | -60 | 230 | 261.3 | – | – | – | – | – | – | – | – | Assays pending |
| 26MCDD050 | 259,911 | 7,421,214 | 91.3 | -90 | 0 | 119.9 | – | – | – | – | – | – | – | – | Assays pending |
| 26MCDD051 | 259,972 | 7,421,320 | 91.2 | -90 | 0 | 94.2 | – | – | – | – | – | – | – | – | Assays pending |
| 26MCDD052 | 260,222 | 7,421,835 | 100.0 | -60 | 50 | 255.5 | – | – | – | – | – | – | – | – | Assays pending; visual observations reported 12 October 2026 |
| 26MCDD053 | 259,936 | 7,421,208 | 91.2 | -89 | 14 | 95.9 | 42.53 | 73 | 30.47 | 1.24 | 0.87 | 1.11 | 0.20 | 12.2 | Reported herein |
| 42.53 | 52 | 9.47 | 2.36 | 2.14 | 1.51 | 0.07 | 16.0 | ||||||||
| 56 | 58 | 2.0 | 1.23 | 0.86 | 0.72 | 0.74 | 14.9 | ||||||||
| 65 | 68 | 3.0 | 1.58 | 0.23 | 0.67 | 0.16 | 13.1 | ||||||||
| 65 | 66 | 1.0 | 2.57 | 0.34 | 1.33 | 0.34 | 21.4 | ||||||||
| 72 | 73 | 1.0 | 1.40 | 0.16 | 0.88 | 0.26 | 24.6 | ||||||||
| 45 | 57 | 12.0 | 1.57 | 1.05 | 2.15 | 0.24 | 15.7 | ||||||||
| 65 | 66 | 1.0 | 2.57 | 0.34 | 1.33 | 0.34 | 21.4 | ||||||||
| 73 | 74 | 1.0 | 0.05 | 0.10 | 1.24 | 0.20 | 4.5 | ||||||||
| 79 | 80 | 1.0 | 0.05 | 0.09 | 1.75 | 0.12 | 5.4 | ||||||||
| 42.53 | 67 | 24.47 | 1.36 | 1.05 | 1.23 | 0.21 | 12.5 | ||||||||
| 26MCDD054 | 259,950 | 7,421,343 | 91.2 | -90 | 0 | 78.6 | – | – | – | – | – | – | – | – | Pontoon; abandoned at 78.6m, redrilled as 26MCDD054RD; not sampled |
| 26MCDD054RD | 259,951 | 7,421,348 | 91.2 | -90 | 0 | 57.0 | – | – | – | – | – | – | – | – | Pontoon; abandoned at 57.0m; assays pending |
| 26MCDD055 | 260,098 | 7,421,462 | 124.1 | -65 | 285 | – | – | – | – | – | – | – | – | – | Drilling in progress |
| 26MCDD056 | 259,943 | 7,421,355 | 91.3 | -90 | 0 | – | – | – | – | – | – | – | – | – | Pontoon; drilling in progress |
| MB-J | 259,438 | 7,421,702 | 93.0 | -90 | 0 | 71.0 | NSI | Reported herein; water bore | |||||||
| MB-J-RD | 259,433 | 7,421,698 | 93.1 | -90 | 0 | 71.0 | – | – | – | – | – | – | – | – | Water bore; not sampled |
Resource & Reserve Estimates
Ore Reserve – Mt Chalmers
| Deposit1 | Reserve Category | Tonnes (Mt) | Cut Off (% Cu) | Cu (%) | Au (g/t) | Zn (%) | Ag (g/t) | S (%) |
|---|---|---|---|---|---|---|---|---|
| Mt Chalmers | Proved | 5.1 | 0.3% | 0.72 | 0.58 | 0.25 | 4.70 | 5.80 |
| Mt Chalmers | Probable | 4.5 | 0.3% | 0.57 | 0.37 | 0.29 | 5.50 | 3.60 |
| Total1 | 9.6 | 0.3% | 0.65 | 0.48 | 0.27 | 5.20 | 4.30 |
Mineral Resource Estimate – Mt Chalmers
| Deposit2 | Resource Category | Tonnes (Mt) | Cut Off (% Cu) | Cu (%) | Au (g/t) | Zn (%) | Ag (g/t) | S (%) |
|---|---|---|---|---|---|---|---|---|
| Mt Chalmers | Measured | 4.2 | 0.3% | 0.89 | 0.69 | 0.23 | 4.97 | 5.37 |
| Mt Chalmers | Indicated | 5.8 | 0.3% | 0.69 | 0.28 | 0.19 | 3.99 | 3.77 |
| Mt Chalmers | Inferred | 1.3 | 0.3% | 0.60 | 0.19 | 0.27 | 5.41 | 2.02 |
| Total2 | 11.3 | 0.3% | 0.75 | 0.42 | 0.23 | 4.60 | 4.30 |
Mineral Resource Estimate – Develin Creek
| Deposit3 | Resource Category | Tonnes (Mt) | Cut Off (% Cu) | Cu (%) | Zn (%) | Au (g/t) | Ag (g/t) |
|---|---|---|---|---|---|---|---|
| Develin Creek | Indicated | 4.22 | 0.3% | 0.98 | 1.08 | 0.16 | 6.00 |
| Develin Creek | Inferred | 0.48 | 0.3% | 0.61 | 0.41 | 0.10 | 3.50 |
| Total3 | 4.70 | 0.3% | 0.94 | 1.01 | 0.15 | 5.74 |
Mineral Resource Estimate – Woods Shaft
| Deposit4 | Resource Category | Tonnes (Mt) | Cut Off (% Cu) | Cu (%) | Au (g/t) | Zn (%) | Ag (g/t) |
|---|---|---|---|---|---|---|---|
| Woods Shaft | Inferred | 0.54 | 0.3% | 0.50 | 0.95 | – | – |
| Total4 | 0.54 | 0.3% | 0.50 | 0.95 | – | – |
Mineral Resource Estimate – Mt Mackenzie
| Deposit5 | Resource Category | Tonnes (Mt) | Cut Off (Au g/t) * | Cu (%) | Au (g/t) | Zn (%) | Ag (g/t) |
|---|---|---|---|---|---|---|---|
| Mt Mackenzie | Indicated | 3.77 | 0.4 | – | 0.99 | – | 7.3 |
| Mt Mackenzie | Inferred | 1.45 | 0.4 | – | 1.07 | – | 4.9 |
| Total5 | 5.22 | 0.4 | – | 1.01 | – | 6.7 |
- ASX Announcement – Mt Chalmers PFS Supports Viable Copper & Gold Mine, 30 April 2024. Rounding errors may occur.
- ASX Announcement – Mt Chalmers PFS Supports Viable Copper & Gold Mine, 30 April 2024. Rounding errors may occur.
- ASX Announcement – Develin Creek Resource upgrade unlocks expansion planning, 23 February 2026. Rounding errors may occur
- ASX Announcement – Maiden Woods Shaft Resource, 22 November 2022. Rounding errors may occur.
- ASX Announcement – MT MACKENZIE RESOURCE UPGRADE DELIVERS 32% INCREASE IN GOLD WITH 70% NOW IN INDICATED – 5 August 2026 – Rounding errors may occur.
Regulatory Statements
Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning QMines Limited planned exploration program and other statements that are not historical facts. When used in this document, the words such as “could,” “plan,” “expect,” “intend,” “may”, “potential,” “should,” and similar expressions are forward-looking statements. Although QMines believes that its expectations reflected in these forward- looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that further exploration will result in the estimation of a Mineral Resource.
Competent Person Statements
Exploration
The information in this announcement that relates to Exploration Results is based on information and supporting documentation compiled by, or under the direction of, Mr Thomas Bartschi, a Competent Person who is a Member of the Australian Institute of Geoscientists and a Member of The Australasian Institute of Mining and Metallurgy. Mr Bartschi is a full-time employee of QMines Limited.
Mr Bartschi has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bartschi consents to the inclusion in this announcement of the matters based on his information in the form and context in which they appear.
Ore Reserve Estimate
The Information in this Report that relates to the Open Pit Optimisation and Ore Reserve Estimate and is based on information compiled by Mr Gary McCrae, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr McCrae is a full-time employee of Minecomp Pty Ltd. Mr McCrae has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr McCrae consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Mineral Resource Estimate
The information in this report that relates to mineral resource estimation is based on work completed by Mr. Stephen Hyland, a Competent Person and Fellow of the AusIMM. Mr. Hyland is Principal Consultant Geologist with Hyland Geological and Mining Consultants (HGMC), who is a Fellow of the Australian Institute of Mining and Metallurgy and holds relevant qualifications and experience as a qualified person for public reporting according to the JORC Code in Australia. Mr Hyland is also a Qualified Person under the rules and requirements of the Canadian Reporting Instrument NI 43-101. Mr Hyland consents to the inclusion in this report of the information in the form and context in which it appears.
Compliance Statement
With reference to previously reported Exploration Results, Mineral Resources and Ore Reserves, the Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. In the case of Mineral Resource and Ore Reserve estimates, the Company confirms that all material assumptions and technical parameters underpinning those estimates continue to apply and have not materially changed. The Company further confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original announcements.
About QMines
QMines Limited (ASX:QML) is a Queensland focused copper and gold development Company. The Company owns 100% of the Mt Chalmers (copper-gold) and Develin Creek (copper-zinc) deposits, located within 90km of Rockhampton in Queensland. Mt Chalmers is a high-grade historic mine that produced 1.2Mt @ 2.0% Cu, 3.6g/t Au and 19g/t Ag between 1898-1982.
Following several resource updates, the Mt Chalmers, Develin Creek and Mt Mackenzie projects now have Reserves of 9.6Mt and combined Resources of approximately 22Mt.1 QMines’ objective is to make new discoveries, commercialise existing deposits and transition the Company towards sustainable copper production.
1 ASX Announcement – Develin Creek Resource Upgrade. 12 March 2025
Projects & Ownership
| Mt Chalmers | 100% |
| Develin Creek | 100% |
| Mt Mackenzie | 100% |
QMines Limited ACN 643 212 104
Directors & Management
- Andrew Sparke
Executive Chairman - Peter Caristo
Executive Director (Technical) - Thomas Bartschi
Exploration Manager & Site Senior Executive (Competent Person) - Elissa Hansen
Non-Executive Director & Company Secretary - Richard Wittig
Development Manager
Contacts
- Address
Suite J, 34 Suakin Drive, Mosman NSW 2088 - Phone
+ 61 (2) 8915 6241 - Email
[email protected] - Website
qmines.com.au - Peter Nesvada
Investor Relations
[email protected] - Andrew Sparke
Executive Chairman
[email protected]
View Appendix — JORC Code 2012 Table 1
Appendix 1 – JORC Code, 2012 Edition – Table 1
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sampling techniques | Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. | The new Exploration Results relate to 18 vertical RC holes drilled through historical stockpiles (26MCRC019 to 26MCRC044), exploration RC hole 26MCRC045, RC water monitoring bore MB-J, six surface diamond holes (26MCRD004 tail, 26MCDD009, 010, 015, 018 and 024), pontoon diamond holes 26MCDD023 and 26MCDD053 and diamond hole 26MCDD026. RC samples were collected at 1m intervals through a cone splitter mounted on the cyclone, with the split collected in a pre-numbered calico bag. Stockpile holes were sampled from surface to end of hole. Diamond core was sampled at nominal 1m intervals, adjusted to geological contacts, core blocks and drill runs. Core from 26MCRD004, 26MCDD009 and 26MCDD018 was cut to quarter core, with core retained for geometallurgical testwork. 26MCRD004 has been assayed from 80.0m to end of hole; its RC precollar (0m to 30m) and core from 30.1m to 80.0m have not yet been assayed. Core from 26MCDD010, 015, 023, 024, 026 and 053 was cut to half core. 26MCDD053 was sampled from 42.53m to end of hole; the pit floor rubble (37.0m to 41.9m) and 0.63m of siltstone above 42.53m were not sampled. Sampling was undertaken to QMines protocols and industry standard practice. Samples were submitted to ALS Brisbane for preparation and analysis. |
| Drilling techniques | Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). | RC holes were drilled by UDS using an RC rig (Rig 08). Stockpile holes were drilled vertically to 6m to 46m. 26MCRC045 was drilled at -76° to 153m. MB-J was drilled vertically to 71m. Surface diamond holes were drilled by UDS using DESCO rigs with PQ3 precollars of 17m to 28m and HQ3 to end of hole. 26MCRD004 has a 30m RC precollar with an HQ3 tail. 26MCDD023 was drilled from a pontoon on the Mt Chalmers pit lake using a Hanjin DB8 rig, with HWT casing through the water column to 20.95m and HQ3 core to 114.5m. 26MCDD053 was drilled from the pontoon with the same rig type, with HWT casing to 37m and HQ3 and NQ core to 95.9m. 26MCRD004 was abandoned at 141.6m when the rods became stuck. 26MCRC032 was abandoned at 6m after a dropped bit and redrilled as 26MCRC032_RD. 26MCRC038 was stopped at 17m when circulation was lost. |
| Drill sample recovery | Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. | Diamond core recovery was recorded by run as recovered length against drilled length. Core loss at the top of 26MCDD023 and in 26MCDD015 was handled by sampling whole runs. 26MCDD024 intersected voids between 37.0m and 52.7m, the largest 6.4m from 45.3m. RC sample return through loose fill was variable. Sample return was insufficient for gold assay from 2m to 5m in 26MCRC019, no sample was returned from 5m to 6m in 26MCRC034 (empty calico), and samples from 151m to 153m in 26MCRC045 were not recovered; none of these lie within a reported interval. The 1m to 2m sample in 26MCRC038 was recorded at the rig as having very small sample return. RC sample return through the historical fill was variable, and quantitative recovery data were not consistently recorded. No relationship between recovery and grade has been established. Preferential loss of fine material may have affected the representativity of some stockpile samples. |
| Logging | Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. | All RC chips and diamond core were geologically logged by QMines geologists for lithology, weathering, alteration, veining and sulphide content. Stockpile material was logged as fill, waste or smelter slag, distinguishing it from bedrock. Diamond core was logged for recovery and RQD and photographed. RC chip trays were retained. Logging is qualitative to semi-quantitative and all holes were logged in full. |
| Sub-sampling techniques and sample preparation | If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. | Core was cut longitudinally with a diamond saw. RC samples were cone split at the rig, with field duplicates collected from the second chute of the cone splitter. ALS Brisbane dried, crushed and pulverised samples to 85% passing 75µm (WEI-21, PUL-QC). Sample sequence errors were recorded at the rig in 26MCRC036 (0m to 4m) and 26MCRC037 (15m to 17m) and were corrected in the sample register before compositing. The affected samples lie within a single logged unit or outside reported intervals. Sample sizes are considered appropriate for the material sampled, noting that historical fill and slag are heterogeneous. |
| Quality of assay data and laboratory tests | The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. | Gold was determined by 30g fire assay with AAS finish (Au-AA25), and 33 elements by four-acid digest with ICP-AES finish (ME-ICP61). Over-range Cu, Zn, Pb, S and Ag were determined by OG62. These methods are considered appropriate for the elements reported. No handheld XRF results are included. Certified reference materials (CRMs), blanks and field duplicates were submitted as part of the Company’s QAQC program. Base metal and silver CRM performance was acceptable. Six gold CRM results fell outside three standard deviations of their certified values, including low results in the 26MCRC019 to 021 sequence and high results in the MB-J sequence. Re-assays of the affected sequences have been requested, with results and final QAQC assessment pending. For 26MCDD053 (ALS certificate BR26383939), 54 primary samples were accompanied by three CRMs, two blanks and one field duplicate. The OREAS 627 result was within one standard deviation of the certified values for Au, Cu, Zn, Pb and Ag. The two OREAS 912 results were consistent with earlier batches. Blanks returned 199ppm and 380ppm Cu, with the higher result following a sample containing 2.53% Cu. These results indicate possible low-level carryover but are not considered material to the reported intersection grades. Field duplicate results were considered acceptable, noting greater variability in heterogeneous historical fill material. No adjustment has been made to the primary assay results. |
| Verification of sampling and assaying | The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. | Significant intersections were recalculated from the ALS certificates matched by sample number to the QMines sample register, and checked by the Competent Person. Each stockpile interval was checked against the logged fill, slag and bedrock contacts. QAQC samples were excluded and no sample interval was counted more than once. No twinned holes are reported. Results below detection were assigned half the detection limit for compositing. No other adjustments were made. |
| Location of data points | Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. | Collars were picked up by differential GNSS against site survey control installed by Masters Surveying Pty Ltd. Coordinates in this announcement are GDA2020 MGA Zone 56. Diamond holes and 26MCRC045 were surveyed downhole by gyro. Collar dip and azimuth in Table 2 are from the first gyro reading. Gyro files for five diamond holes carry a Northseek review flag. Their readings are internally consistent to within 2°, but consistency does not by itself verify azimuth. 26MCDD023 is near vertical and its azimuth readings, which are unstable as expected at that inclination, are flagged as failed; its dip is consistent at -89.3° to -89.9° and its calculated horizontal deviation at 110m is less than 1m, so the flag has no material effect on intersection locations. 26MCDD053 is also near vertical, with dips of -88.8° to -89.6° and a calculated horizontal deviation of about 1.5m at end of hole. Stockpile RC holes and MB-J are vertical and were not downhole surveyed. |
| Data spacing and distribution | Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. | Stockpile holes are 35m to 41m from their nearest neighbour in the northwest stockpiles and 13m to 40m east of the pit, except 26MCRC034, which is 126m from the nearest hole. This spacing is not sufficient to establish grade continuity within the stockpiles or to support an estimate. Surface diamond holes are spread around the pit and are reported as individual Exploration Results. No sample compositing was applied other than the length weighting of reported intervals. |
| Orientation of data in relation to geological structure | Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. | The stockpiles are broadly flat lying, so vertical holes give downhole lengths close to the vertical thickness of the stockpile. Diamond holes were designed to intersect the interpreted mineralised stratigraphy and stringer zone at a high angle. True widths of in situ intersections are not known. No sampling bias from hole orientation has been identified. |
| Sample security | The measures taken to ensure sample security. | Samples were placed in individually numbered calico bags, grouped into sealed polyweave or bulk bags and transported by QMines personnel or an authorised freight provider to ALS Brisbane under documented chain of custody. Dispatch records were reconciled against laboratory receipt. |
| Audits or reviews | The results of any audits or reviews of sampling techniques and data. | Drilling, logging, sampling, assay and QAQC data were reviewed internally by QMines technical personnel and the Competent Person. No external audit has been completed. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral tenement and land tenure status | Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. | The Mt Chalmers Project is located approximately 20 km northeast of Rockhampton in central Queensland. The project is held 100% by QMines Limited through its wholly owned subsidiaries and includes EPM25935 and associated exploration tenure. The relevant tenements are in good standing. The Company is not aware of any material tenure-related impediment to undertaking the drilling and technical programs described in this announcement. |
| Exploration done by other parties | Acknowledgment and appraisal of exploration by other parties. | Mt Chalmers has been subject to historical mining and exploration by several previous operators, including mining between 1898 and 1982. Historical exploration included geological mapping, geochemical sampling, geophysical surveys, percussion drilling and diamond drilling. Available historical information has been progressively compiled and incorporated into the Company’s geological database and project interpretation. Historical work was generally completed using methods considered appropriate for the period; however, not all historical data were collected under modern QAQC protocols. The Exploration Results reported herein relate to drilling completed by QMines. |
| Geology | Deposit type, geological setting and style of mineralisation. | Mt Chalmers is a volcanic-hosted massive sulphide deposit located within the Permian Berserker Beds of the Berserker Graben. Mineralisation comprises an upper exhalite and massive-sulphide sequence containing variable zinc, lead, silver, gold and copper mineralisation, underlain by a copper-gold stringer and stockwork zone hosted by intensely silica- and chlorite-altered volcanic rocks. |
| Drill hole Information | A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar; elevation or RL of the drill hole collar; dip and azimuth of the hole; down hole length and interception depth; hole length. | Table 2 provides collar details for all holes reported. Tables 3 and 4 provide all significant intercepts and Table 4b the average grade of all logged fill and slag in every stockpile hole. Table 5 lists every hole in the 2026 program with its status. No material information has been excluded. |
| Data aggregation methods | In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. | Intervals are length weighted averages. Copper intervals are reported at a 0.20% Cu lower cut off and zinc intervals at 1.0% Zn, with a maximum of 2m consecutive internal dilution and a 1m minimum length; included intervals at 1.0% Cu and 2.0% Cu. Gold intervals are reported at 0.2g/t Au for in situ material, including bedrock beneath the stockpiles, and 0.5g/t Au for stockpile fill and slag. Where dilution would carry an interval below its own cut off it is split. Intervals in stockpile holes are composited only within a single logged material (fill, slag or bedrock). No top cuts were applied. CuEq (%) = Cu (%) + 0.2513 x Zn (%) + 0.7951 x Au (g/t) + 0.0126 x Ag (g/t), using spot prices on 11 September 2026 of US$14,233/t Cu, US$3,892/t Zn, US$4,327/oz Au and US$63/oz Ag and the Mt Chalmers PFS life of mine recoveries (30 April 2024) of 91.7% Zn, 81.1% Au and 88.5% Ag. Copper recovery is not applied. The PFS flowsheet produces copper-gold, zinc-silver and pyrite-gold concentrates and it is the Company’s opinion that all elements in the formula have a reasonable potential to be recovered and sold. CuEq is reported only for in situ intersections (Table 3) and not for stockpile material, for which recoveries have not been determined. |
| Relationship between mineralisation widths and intercept lengths | These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). | All results are downhole lengths. For the vertical stockpile holes, downhole lengths approximate the vertical thickness of the stockpile. True widths of in situ intersections are not known. |
| Diagrams | Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. | Figure 1 shows the regional project location. Figure 2 presents Mt Chalmers drillhole collar locations and historical drilling. Figure 3 shows the logged geology, copper, gold and zinc assays, and reported intervals in 26MCDD053. Figure 4 presents a cross-section through the historical Mt Chalmers pit showing the relationship between 26MCDD053 and neighbouring pontoon drilling. Figure 5 shows logged fill and bedrock, gold assays and reported intervals in the northwest stockpile holes. |
| Balanced reporting | Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. | All significant intercepts are reported, together with holes returning no significant intercept. Previously reported results for 26MCRC019 to 022 have been recomposited from the same assays using material-specific criteria. The changes, including the separation of fill and bedrock intervals in 26MCRC022, are explained in the Historical Stockpile Characterisation Drilling section. Table 4b reports the average grade of all logged fill and slag in every stockpile hole, including low grade holes, so that the stockpile results can be read in context. The limitations of the stockpile sampling are stated in the highlights and body of the announcement. The eastern fill averages 0.04% Cu and 0.06g/t Au. Of the eleven in situ holes reported, five returned only narrow low-grade intervals or no significant intercepts, as stated in the overview, and the highlights refer readers to the full results in Tables 3 and 5. The 26MCRD004 interval is narrower than those in 26MCRD005 and 26MCRD002, and this is stated alongside the result. |
| Other substantive exploration data | Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. | The stockpiles are not part of any Mineral Resource or Ore Reserve. No volume, tonnage, density or Exploration Target has been estimated. No metallurgical testwork has been completed on stockpile material. The form in which copper and zinc occur in the slag has not been determined and recoveries may differ substantially from in situ ore. The northwest fill averages 1.5% S. Total sulphur alone does not classify material as potentially acid forming; acid-base accounting is planned. |
| Further work | The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. | Stockpile volume survey, bulk density measurement, metallurgical testwork on fill and slag composites and acid-base accounting, followed by assessment of further drilling, including testing of the mineralised bedrock beneath the northwest stockpiles. Receipt of outstanding assays, integration of all 2026 drilling into the Mineral Resource update and continuation of pontoon, Botos and Woods Shaft drilling. |
Frequently Asked Questions
The following Q&A is AI-generated from the announcement content and is provided as a supplementary reader aid only.
What is the significance of drill hole 26MCDD053?
Hole 26MCDD053 is the best pontoon hole QMines has drilled to date. It returned 30.47m at 1.24% Cu, 0.87g/t Au, 12.2g/t Ag and 1.11% Zn from 42.53m, with mineralisation beginning in the first sample below the historical pit floor. On a width by copper grade basis, it is the strongest pontoon intersection to date and the fourth strongest copper intersection of the 2026 program. The intersection is also broader than nearby pontoon holes, highlighting the potential for additional mineralisation beneath the existing pit.
Why did hole 26MCRD004 end before reaching the bottom of the mineralised zone?
Hole 26MCRD004 was abandoned at 141.6m when the rods became stuck. The final sample returned 0.59% Cu, indicating the hole ended in mineralisation. The result does not establish continuity beyond 141.6m, and the full thickness of mineralisation at that position is not yet known.
What did the historical stockpile drilling find?
The stockpile drilling showed that gold, silver, copper and zinc occur from surface throughout the northwest stockpiles. All 120m of fill drilled in eight northwest holes averages 0.15% Cu, 5.1g/t Ag and 0.30% Zn, and 0.32g/t Au. The best individual fill result was 13.0m at 0.88g/t Au, 9.4g/t Ag and 0.21% Cu from 4.0m in hole 26MCRC022. However, the results do not establish the volume, grade or recoverability of the stockpiles, so further surveys and metallurgical testwork are planned.
What are the next steps for QMines at Mt Chalmers?
QMines will assess the new intersections in 26MCDD053 and 26MCRD004 against the existing Mineral Resource model. Outstanding assays from the 2026 program will be incorporated into the geological database to support a Mineral Resource update. Historical stockpile evaluation will continue with volume surveys, bulk-density measurements and metallurgical testwork on fill and slag composites. Acid-base accounting will also be undertaken on the pyrite-bearing fill. Drilling will continue across the Mt Chalmers project area, including the pontoon program and regional exploration targets.
How does the smelter slag compare to the northwest stockpile fill?
Smelter slag east and northeast of the pit is consistent in composition, averaging 0.24% Cu, 0.51% Zn, 0.08g/t Au and 0.5g/t Ag across 63m, with very low sulphur (0.14% S). The northwest fill averages 0.15% Cu, 5.1g/t Ag, 0.30% Zn and 0.32g/t Au over 120m, with higher sulphur averaging 1.54% S. Neither the slag nor the fill is part of any Mineral Resource or Ore Reserve, and recoveries have not been determined.
Where does hole 26MCRD004 sit relative to other strong 2026 drill holes?
Hole 26MCRD004’s intersection lies approximately 65m from the 26MCRD005 intersection (44.0m at 1.03% Cu from 103m) and approximately 100m from the 26MCRD002 intersection (35.0m at 2.88% Cu from 107m), approximately 8m from the line joining them. The midpoints of the three intersections are within 11m of each other in elevation.