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QMines enhances copper strategy by securing land adjacent to Mt Chalmers mine site

Land acquisitions and ongoing resource drilling form part of the company’s integrated strategy for the future development of Mt Chalmers Project.

QMines Ltd - QMines enhances copper strategy by securing land adjacent to Mt Chalmers mine site
The company will continue to assess the acquisition of additional freehold land packages in the region.

QMines Ltd (ASX:QML) has entered into two contracts to acquire additional freehold packages totalling 43 acres adjacent to the company’s flagship Mt Chalmers Project.

The company’s freehold land acquisition is part of its integrated development strategy at the project as it continues drilling operations in and around Mt Chalmer.

QMines landholding now covers 169 acres across three freehold properties adjacent to the historical Mt Chalmers mine site.

The three freehold properties when coupled with the Mt Chalmers historic mine site now covers 277 acres in total.

“Strategic land acquisitions”

QMines executive chairman Andrew Sparke said: “We are very pleased with these strategic land acquisitions as they assist the Company with its planned copper development strategy.

“We wish to thank the local vendors, their agent and the local community for their support of the Company.

“We look forward to working closely with the vendors and other local landowners to progress our exploration efforts in a manner that benefits both QMines shareholders and the local community.”

Integrated strategy of future development

QMines started its land acquisition program in April 2021 purchasing its first 126-acre parcel of land including an ‘off-grid’ site office and accommodation facilities which are now utilised for staff and contractors during operation.

The company will continue to assess the acquisition of additional freehold land packages in the region as parcels become available.

Land acquisitions and ongoing resource drilling form part of the company’s integrated strategy for the future development of the Mt Chalmers Project.

- Ephrems Joseph

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