17 February 2023
SHAW & PARTNERS
QMines has released a resource upgrade at its Mt Chalmers Copper project in Queensland. The Mineral Resource is up 104% to 11.86Mt @ 1.22% copper equivalent. Contained metal has increased 44% to 144,700t @ 1.22% copper equivalent. Approximately half the upgrade is due to additional drilling and around half is due to a lower cut-off grade of 0.3% Cu (from 0.5%). It is notable that 88% of the Resource is now in the Measured and Indicated category. QMines has also released a maiden resource at the Woods Shaft deposit.
20 OCTOBER 2022
PITT STREET RESEARCH
Plenty to look forward to.
There are resources companies that look for minerals where there haven’t been discoveries before or nearby adjacent discoveries. Then there are companies, like QMines (ASX: QML), that try to give an existing discovery a new phase of life. And sometimes, they can discover further mineralisation that earlier project owners never noticed. One recent example was Bellevue Gold (ASX: BGL) and QMines is proving to be another. But investors haven’t given QMines the same recognition – yet.
16 JUNE 2022
SHAW & PARTNERS
More high-grade copper at Mount Chalmers (REC: Buy, RISK: High, PT $0.74)
QMines has released additional drilling results at its Mount Charmers Copper Project in Queensland. The latest results include shallow, thick and high-grade copper-gold intercepts – intersections of up to 5.1% CuEq. The company is only ~10% through its current 30,000m drill programme. Further step out drilling is continuing where the deposit remains open in a number of directions.
31 MARCH 2022
REFINITIV
Refinitiv release a detailed stock report on QMines (ASX:QML) presenting a BUY recommendation.
30 MARCH 2022
SHAW AND PARTNERS
Drilling activity at Mt Chalmers ramping up. Early metallurgy results look positive (REC: Buy, RISK: High, PT $0.74)
QMines has released the results of some early metallurgical test work at its Mount Chalmers copper/gold project in Queensland. The results are very encouraging, but not unexpected given the historical production from this asset. Drilling activities are ramping up, and assay results from 11 diamond drill holes are pending. Another resource update is expected in Q2-22.
21 MARCH 2022
DALTON EQUITIES
“A growing VHMS copper Resource on the pathway to development.”
QMines Ltd (QML.ASX, market cap A$27M) is a Queensland focused copper-gold explorer with 100% ownership of the historic Mt Chalmers Project. Having delivered two Resource upgrades since acquiring the Project in December 2020, and with an additional Resource upgrade planned for 1H22,
QMines are rapidly expanding their flagship copper-gold asset towards their medium-term target of establishing a 200kt CuEq Resource and commencing work on a PFS.
1 DECEMBER 2021
SHAW AND PARTNERS
Resource Upgrade at Mt Chalmers – more to come in 2022
(REC: Buy, RISK: High, PT $0.74) (8pgs).
Qmines has announced a resource upgrade at the Mt Chalmers Copper Project in Queensland. The resource has increased 38% from 73kt (Cu-equiv) to 101kt. Importantly, the resource is now 78% measured and indicated whereas previously it was 100% inferred. The grade has slightly reduced from 1.87% CuEq to 1.7% CuEq with the cut-off grade reducing from 0.75% to 0.5%. We increase our price target from 72cps to 74cps.
6 OCTOBER 2021
SHAW AND PARTNERS
Exploration Success at Mount Chalmers – on track for resource upgrade in late CY21 (REC: Buy, RISK: High, PT $0.72) (12pgs).
QMines has released results from its drilling program at the Mount Chalmers copper project in Queensland. The company has encountered high grade mineralisation outside the existing Resource and looks on track to announce a resource upgrade before the end of CY21. We recently initiated coverage on QMines (QML:ASX) with a Buy recommendation and 69cps price target which we today increase to 72cps.
1 SEPTEMBER 2021
SHAW AND PARTNERS
Rejuvenating the Mount Chalmers Copper Project – Initiation of Coverage (REC: Buy, RISK: High, PT $0.69) (11pgs).
We initiate coverage on QMines (QML:ASX) with a Buy recommendation and 69cps Price Target. QMines IPO’d on the ASX on May 6th, raising $11.55m at $0.30ps to fund exploration at its flagship Mount Chalmers copper project in Queensland.
17 MAY 2021
ORIOR CAPITAL
Simon Francis, Head of Orior Capital Hong Kong, reports on QMines Ltd (ASX:QML) in research report titled “Red hot copper” dated 17 May 2021.
12 MAY 2021
SHAW AND PARTNERS
Andrew Hines, Head of Research at Shaw and Partners, reports on QMines Ltd (QML) – copper exploration at Mount Chalmers.
QMines IPO’d on the ASX on May 6th, raising $11.55m at $0.30ps to fund exploration at its flagship Mount Chalmers copper project in Queensland.
3 MAY 2021
RESEARCH AS A SERVICE (RaaS)
QMines Limited presenting at the Sydney Mining Club Leading Edge May 6. Soon to be listed copper & gold developer QMines’ Managing Director Daniel Lanskey will be presenting at the Sydney Mining Club Leading Edge event on May 6.
