Further Strategic Land Acquisition to Advance Development

• Strategic Land Acquisition: QMines has acquired 25 freehold parcels covering approximately 518 acres adjoining Mt Chalmers.
• Critical Mine Infrastructure: The properties are strategically located to accommodate key infrastructure.
• Exploration Access Secured: Associated agreements facilitate drilling at Woods Shaft and Botos prospects.

QMines Limited has exchanged binding contracts to acquire 25 freehold parcels covering approximately 518 acres adjoining its flagship Mt Chalmers Copper-Gold Project in Central Queensland. The acquisition follows two years of negotiations and is expected to reduce land access risks, accelerate Definitive Feasibility Study activities, and support environmental approvals. The properties are strategically located to accommodate the proposed processing plant, tailings storage facility, and water storage dam, subject to final design and regulatory approvals. The acquisition includes associated Conduct and Compensation Agreements and a Good Neighbour Agreement, facilitating exploration access to the prospective Botos and Woods Shaft deposits. These agreements support two substantial exploration programs: Botos - 64 holes for 11,360m RC drilling has commenced, aiming to verify historical results and investigate extensions to known mineralisation. Woods Shaft - 39 holes for approximately 7,000m are planned, targeting historical mineralisation and potential strike and depth extensions. The acquisition complements QMines' recent purchases of 87 and 91 Bells Road, further consolidating the Company's land position around Mt Chalmers.

QMines is progressing its Definitive Feasibility Study, with environmental studies underway to support an Environmental Authority application targeted for submission during H1-2027.