Qmines Ltd. · ASX:QML
Qmines — Noosa Conference (November 2025)
24 slides from Qmines's conference presentation, Nov 13, 2025
Slide 1: Highly Active, Well Funded Copper & Gold Developer
For personal use only Highly Active, Well Funded Copper & Gold Developer… November 2025 Share in Our Exciting Future... 1
Slide 2: Important Information
Important Information DISCLAIMER For personal use only This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document is neither a prospectus nor an offer to subscribe for Shares. QMines Limited ACN 643 212 104 (QMines) and its directors, o
Slide 3: Regional Vision: Centralised Processing Production Hub
For personal use only Centralised Processing Regional Vision Nine Regional Critical Metals Deposits Production Hub QMines vision involves building a centralised processing plant, servicing several Targeting regional mines Copper & Gold producing 20-30ktpa copper equivalent for +10 years. Abundant Lo
Slide 4: A Company With "Leverage"
A Company With “Leverage” “Tight” Capital Structure Share Price - 6 months (ASX:QML) Shares On Issue¹ 553,072,049 For personal use only Option On Issue 10,750,000 The Case Market Capitalisation $30.4m for Copper Cash¹ $9.0m Land & Equipment² $6.0m Debt³ $2.5m Enterprise Value $22.4m Top Shareholders
Slide 5: Large & Growing Resource Base
JORC Tonnes Cu Grade Au Grade Zn Grade Ag Grade Deposit: For personal use only Category: (Mt): (%): (g/t): (%): (g/t): Large Resource Measured, Inventory Mt Chalmers¹ Indicated & 11.3 0.75 0.42 0.23 4.6 Inferred Large & Growing Indicated & Drill Results Develin Creek² 4.13 1.00 0.15 1.16 6.0 “Immine
Slide 6: Rapid Resource Growth
20,000,000 Rapid Resource Growth QMines Limited (ASX:QML) 18,000,000 For personal use only Large Multi-Rig Drilling Program 16,000,000 Rapid Resource 14,000,000 Growth 12,000,000 Several M&A Opportunities Management 10,000,000 That Delivers! The QMines team 8,000,000 have delivered seven resources s
Slide 7: ASX Copper Peers & Recent M&A Activity
ASX Copper Peers¹ & Recent M&A Activity A$1,600m For personal use only Copper M&A Activity Active Copper Consolidation! A$645m Recent copper M&A has seen ASX players emerge as key A$393m takeover targets. A$355m A$295m QMine’s growing A$243m resource base A$160m positions it to A$128m A$98m A$75m A$
Slide 8: Mt Chalmers
For personal use only Mine Mt Chalmers 8
Slide 9: Mt Chalmers Upside
For personal use only Infill & Step Out Drilling Mt Chalmers Upside¹ Metallurgy & Immediate & Geotech Known Upside² ³ Significant upside to Mt Chalmers remain with three additional deposits within 1.5km of Mt Chalmers that Optimisation & remain largely Mine Design undrilled by QMines at this stage.
Slide 10: Mt Chalmers and Woods Shaft
For personal use only Infill & Step Out Drilling Mt Chalmers Upside¹ ² Metallurgy & Immediate & Geotech Known Upside² ³ Together, the high- grade Mt Chalmers deposit and nearby Woods Shaft provide a cornerstone copper- Optimisation & gold resource with Mine Design proven scale, shallow open-pit pote
Slide 11: Develin Creek Project
For personal use only Develin Creek Project 11
Slide 12: Develin Creek Upside
For personal use only A Infill & Step Out Drilling Develin Creek Upside¹ A¹ Metallurgy & Immediate & Geotech Known Upside Significant upside to Mt Chalmers PFS results remain with two additional deposits located Optimisation & approximately 90km Mine Design from Rockhampton, yet to be incorporated i
Slide 13: Sulphide City Drilling Program
For personal use only Infill & Step Out Drilling Large Drilling Program Metallurgy & Shallow, High- Geotech Grade Deposits Expected to Add Mine Life Sulphide City is a shallow high-grade copper and zinc Optimisation & deposit that is located Mine Design within 90km of Rockhampton. QMines 8,000m dril
Slide 14: Sulphide City Drilling Results
For personal use only 47 Holes for ~8,000m Drilled Drilling Results “Imminent” Immediate Infill & Extensional Drilling Growth Potential Large multi-rig drilling program at Sulphide City has delivered broad, Targeting high-grade copper- Copper & Zinc zinc intersections, reinforcing Develin Creek as a
Slide 15: Mt Mackenzie Project
For personal use only Mt Mackenzie Project 15
Slide 16: Mt Mackenzie: 45km from Develin Creek
For personal use only 45km from Develin Creek Drilling “Underway” Two Existing Logical, Value- Au/Ag Deposits Accretive & Complementary Mt Mackenzie lies approximately 45km northwest of QMines Develin Creek Project, Potential Cu/Au providing several scale Porphyry Feeder and logistical advantages. M
Slide 17: Mt Mackenzie Growth Potential
Open For personal use only High-Grade Gold & Silver Deposits Open Significant Scale Potential¹ High Sulphidation Untested Soil Epithermal Anomalies Demonstrate Growth Potential With several large and Potential Cu/Au undrilled soil Porphyry Feeder anomalies along strike of the existing deposits, the
Slide 18: North Knoll Deposit
For personal use only Shallow Deposits North Knoll Deposit¹ Low Cost, Open Open Pittable Immediate Open Growth Potential Mount Mackenzie offers compelling near-term growth, High-Grade with mineralisation Gold & Silver Open open at depth, undrilled soil anomalies and resource expansion potential. QMi
Slide 19: South West Slopes Deposit
For personal use only Shallow Deposits South West Slopes Deposit¹ Low Cost, Open Pit Open Immediate Open Growth Potential Mount Mackenzie offers compelling near-term growth, High-Grade with mineralisation Gold & Silver open at depth, undrilled soil Open anomalies and resource expansion potential. QM
Slide 20: Significant Historic Drilling Results
Intersection Grade: From End in Hole (m) (m) Minerals Gold (g/t) Silver (g/t) For personal use only Shallow Deposits PDH 355 8 69.41 17 6 Significant PDH 422 26 12.78 34 19 Drilling Results¹ High-Grade PDH 336 12 13.51 119 34 Yes Low Cost, Open Pit Immediate PDH 378 27 6.48 27 4 Yes Growth Potential
Slide 21: Mt Mackenzie Initial Drilling Program
For personal use only Initial 36 Holes for 5,000m Initial Drilling Program¹ Targeting Strike & Depth Extensions Immediate Growth Potential Mount Mackenzie offers compelling near-term growth, Significant Pricing with mineralisation Catalysts open at depth, undrilled soil anomalies and resource expans
Slide 22: Highly Active, Well Funded Copper & Gold Developer
For personal use only Highly Active, Well Funded Copper & Gold Developer… November 2025 Share in Our Exciting Future... 22
Slide 23: Resource & Reserve Statements
Resource & Reserve Statements Appendix 1 Tonnes Cut Off Cu Au Zn Ag S For personal use only Deposit¹ Reserve Category (Mt) (% Cu) (%) (g/t) (%) (g/t) (%) Mt Chalmers Proved 5.1 0.3% 0.72 0.58 0.25 4.70 5.80 Mt Chalmers Probable 4.5 0.3% 0.57 0.37 0.29 5.50 3.60 Total¹ 9.6 0.3% 0.65 0.48 0.27 5.20 4.
Slide 24: Resource & Reserve Statements (Continued)
Resource & Reserve Statements (Continued) Appendix 1 For personal use only Resource Tonnes Cut Off Cu Au Zn Ag Not in Mine Plan Deposit¹ Category (Mt) (% Cu) (%) (g/t) (%) (g/t) Develin Creek Indicated 2.9 0.3% 1.09 0.15 0.98 6.0 Develin Creek Inferred 1.2 0.3% 0.81 0.16 1.58 6.0 Total¹ 4.13 0.3% 1.