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Highlights:
- Extensive shallow intercept recorded at Develin Creek.
- Upcoming resource update for Scorpion and Window deposits.
- Favorable copper market dynamics strengthen operational focus.
QMines (ASX:QML) operates in the copper mining and exploration sector in Queensland. The recent drilling program at the Develin Creek project has produced extensive technical results with high-grade copper mineralization, along with zinc, gold, and silver. Modern reverse circulation drilling techniques have been applied to validate previous exploration work while expanding the understanding of the mineral distribution across the site.
Drilling Highlights
The drilling campaign at the Scorpion deposit uncovered a notable intercept with elevated copper, zinc, gold, and silver content from near-surface levels. One drill hole registered an intercept extending over a hundred metres with elevated grades, reinforcing historical data collected in earlier exploration phases. In addition, other intervals within the same campaign revealed sections with concentrated copper values, further demonstrating the continuity of the mineral system within the deposit.
Resource Update Developments
A comprehensive resource update is underway for the Scorpion and Window deposits. The drilling campaign, which covered several kilometres of the area, is designed to refine the understanding of both the extent and grade distribution of the mineralization. This update is complemented by ongoing studies intended to optimize mining methods and enhance overall operational economics. Metallurgical tests, infill drilling with reduced spacing, and open pit optimization exercises form part of this extensive effort to clarify resource classification and improve extraction methodologies.
Operational Expansion
QMines continues to advance its project developments at Mt Chalmers and adjacent areas. The Scorpion deposit, with its shallow high-grade zones, is being evaluated as an attractive candidate for open pit mining operations. Additional studies, including environmental assessments and further drilling to explore down-dip extensions, are being pursued. These initiatives form a cohesive strategy aimed at improving extraction efficiency and resource delineation across the region.
Market Environment
The current copper market environment remains robust, driven by strong industrial demand. This favourable setting underscores the emphasis on refining exploration techniques and expanding resource estimates at Develin Creek and nearby operations. The drilling outcomes contribute to a clearer picture of the mineral system, supporting ongoing operational planning across the projects.
