Develin Creek
Project
Two high-grade copper-zinc deposits with significant upside potential
Two high-grade copper-zinc deposits with significant upside potential
The Develin Creek Project is located approximately 90km west of Rockhampton in Queensland. The Project consists of two tenements, EPM 17604 and EPM 16749 for a total area of 272km2.
On 28th August 2023, QMines acquired an initial interest of 51% of Develin Creek from Zenith Minerals Limited (ASX:ZNC) and retains the right to acquire the remaining 49% interest within 12 months.
Several high-grade Volcanic Hosted Massive Sulphide (VHMS) copper-zinc deposits including Sulphide City, Scorpion and Window deposits. Close proximity to QMines Mt Chalmers Project bodes well for the potential future development of the combined resources.
The Develin Creek Resource stands at:
3.2Mt @ 1.61% CuEq for 51,360t CuEq.
Importantly, 47% of this Resource sits in the Indicated JORC category.
The project hosts known base metals mineralisation of Copper, Zinc, Gold & Silver.
QMines growth strategy involves rapidly transitioning towards development.
Develin Creek aligns perfectly alongside our Mt Chalmers project and with the advantage of strong local infrastructure, we are positioned well for accelerated development.
Develin Creek offers both open pit and underground opportunities, allowing for a diversified approach to success.
The high-grade copper and zinc reserves provide a substantial boost to QMines combined projects resource base.
