• Commenced maiden multi-rig drilling program at the high-grade Mount Mackenzie gold and silver project
• Completed 2025 drilling program at the Develin Creek Copper and Zinc Project
• Raised $7.5 million through a placement and $1.5 million through a Share Purchase Plan

QMines Limited (ASX:QML) advanced key exploration programs across its Central Queensland portfolio during the quarter, with material progress at both the high-grade Mount Mackenzie Gold and Silver Project and the Develin Creek Copper and Zinc Project. At Mount Mackenzie, the Company commenced its maiden multi-rig drilling program, completing seventeen RC and three diamond holes for a total of 2,640m of an initial 5,000m program. Assay results confirmed high-grade gold and silver mineralisation consistent with a high sulphidation epithermal system. At Develin Creek, the 2025 drilling program was completed during the quarter with four RC and two diamond holes drilled for 1,139m of a total ~8,800m drilling program. Drilling continued to define multiple zones of copper, zinc, gold and silver mineralisation. The Company also settled a strongly subscribed $7.5 million placement and completed a fully underwritten $1.5 million Share Purchase Plan, providing significant funding for exploration and development.

The Company is shifting toward development by strengthening its leadership team and adopting a phased development strategy for Mt Chalmers, positioning the Company for a Definitive Feasibility Study and accelerating the path to copper and gold production.