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QMines Expands Drilling Campaign As Mt Mackenzie Resource Grows

Closing price · 2026-10-26: $0.060 · +1.69%

QMines expanded its Mt Chalmers Hub drilling campaign from 10,000 metres to approximately 20,000 metres, with high-grade copper-gold intersections reported and drilling underway at Botos and beneath the historic Mt Chalmers pits. Its Mt Mackenzie resource increased to 5.22 million tonnes, containing approximately 170,000 ounces of gold and 1.12 million ounces of silver; the company also reported approximately $12 million in cash and receivables at quarter-end.

Based on QML’s ASX announcements · Latest release 26/10/2026 09:10 AM Sydney time
Story updated: 26/10/2026 09:14 AM

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