INVESTORS

RESEARCH

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.

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