QMines (ASX:QML) - Mt Chalmers About to Turn on the Charm
4 September, 2026 · By Joe Hansen · Short-form
Overview
QMines (QML) is the 100% owner of the Mt Chalmers Copper and Gold Project near Rockhampton, Queensland, with an updated MRE and DFS expected within six months. With gold and copper prices well above the 2024 PFS assumptions (A$373.4m pre-tax NPV8), GBA Capital sees potential for compelling DFS economics, while early results from the current 10,000m drill program, including 32m @ 2.0% Cu and 0.4g/t Au from 138m, should grow the resource. Backed by A$15m in funding from Queensland Investment Corporation (QIC), QMines is a well-progressed, de-risked copper developer at a time when larger suitors are buying junior copper projects.
Report Details
- Category
- Company Snapshot
- Published
- 4 September, 2026
- Analyst
- Joe Hansen
- Format
- Short-form
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