First Pontoon Results Deliver High-Grade Copper-Gold-Zinc

• First assay results from QMines' in-pit pontoon drilling at Mt Chalmers Copper-Gold Project
• Hole 26MCDD025 intersected high-grade mineralisation: 6.7m at 2.07% Cu, 2.37g/t Au, 60g/t Ag
• Hole 26MCDD027 intersected mineralisation: 8.3m at 1.64% Cu, 0.51g/t Au
• Both holes showed higher grades than the 2024 Mineral Resource block model

Qmines Ltd has announced the first assay results from its in-pit pontoon diamond drilling program at the Mt Chalmers Copper-Gold Project. Hole 26MCDD025 intersected 6.7m at 2.07% Cu, 2.37g/t Au, and 60g/t Ag, while hole 26MCDD027 intersected 8.3m at 1.64% Cu and 0.51g/t Au. Both holes showed higher grades than the 2024 Mineral Resource block model, with hole 26MCDD025 averaging 1.31% CuEq over 43.7m and hole 26MCDD027 averaging 0.99% CuEq over 24.3m. These results indicate that the mineralisation beneath the pit floor is richer than previously modeled.