Qmines Ltd. · ASX:QML
Qmines — Merger or Acquisition (April 2025)
19 slides from Qmines's merger presentation, Apr 24, 2025
Slide 1: Mount Mackenzie Acquisition
Mount Mackenzie Acquisition High-Grade Gold & Silver Project For personal use only Logical, Value-Accretive & Complementary April 2025 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: QMines 3 year vision
For personal use only Centralised Processing Regional Focus Multiple Critical Metals Deposits Production Hub QMines 3 year vision involves building a centralised processing plant, servicing several Abundant Local regional mines Infrastructure generating 20-30kt of annual CuEq production for a minimu
Slide 4: Transaction Rationale
Transaction Rationale For personal use only Attractive Acquiring the Mount Mackenzie project at a highly attractive valuation Transaction Valuation: creates immediate and tangible value for QMines shareholders. Rationale Operational Proximity to Develin Creek delivers key cost and operational Synerg
Slide 5: Mount Mackenzie Project Overview
Mount Mackenzie Project Overview For personal use only Located only 45km northwest of QMines Develin Creek project and Overview: 150km northwest of Rockhampton in Queensland. Project Overview¹ The project comprises one Mineral Development License (MDL 2008) Tenements: and two Exploration Permits for
Slide 6: Strategic Location
For personal use only Infill & Step Out Drilling Strategic Location¹ Metallurgy & Logical, Value- Geotech Accretive & Complementary Mt Mackenzie lies approximately 45km northwest of QMines Develin Creek Project, Optimisation & providing several scale Mine Design and logistical advantages. Update Pre
Slide 7: Significant Upside
For personal use only Infill & Step Out Drilling Significant Upside Metallurgy & Immediate Geotech Growth Potential Mount Mackenzie offers compelling near- term growth, with mineralisation open at depth, undrilled soil Optimisation & anomalies and Mine Design resource expansion potential. QMines wil
Slide 8: Shallow, High-Grade Deposits Remain Open
For personal use only Shallow Deposits Shallow, High Grade, Open Low Cost, Open Pit Potential Immediate Growth Potential Mount Mackenzie offers compelling near-term growth, High-Grade with mineralisation Gold & Silver open at depth, undrilled soil anomalies and resource expansion potential. QMines w
Slide 9: Shallow, High-Grade Deposits Remain Open
For personal use only Shallow Deposits Shallow, High Grade, Open Low Cost, Open Pit Potential Immediate Growth Potential Mount Mackenzie offers compelling near-term growth, High-Grade with mineralisation Gold & Silver open at depth, undrilled soil anomalies and resource expansion potential. QMines w
Slide 10: Shallow, High-Grade Deposits Remain Open
For personal use only Shallow Deposits Shallow, High Grade, Open Low Cost, Open Immediate Pit Potential Growth Potential Mount Mackenzie offers compelling near- term growth, with mineralisation open at depth, undrilled soil High-Grade anomalies and Gold & Silver resource expansion potential. QMines
Slide 11: Pit Constrained Mineral Resource Estimate
Pit Constrained (A$2,760/oz Au) Mineral Resource Estimate For personal use only Gold Grade Gold Silver Silver Material: Category: Tonnes (t): (g/t): (Oz) Grade (g/t): (Oz) Current Resource¹ Oxide Inferred 700,000 0.96 21,000 4.00 87,000 Advanced Resource with Oxide Indicated 500,000 1.09 18,000 8.00
Slide 12: Initial Metallurgical Testwork
“Initial” Metallurgical Testwork For personal use only Metallurgical Material: Recovery: Comments: Testwork Compelling High recovery, dedicated leach “Initial” Results Oxide: 93-96% cyanide recovery. circuit required. Initial testwork results highlight the project's metallurgical compatibility with
Slide 13: Development Ready with Growth Potential
For personal use only Scoping / PFS Level¹ Development Ready Purchasing Freehold Land Development Ready with Growth Potential With a scoping study and significant High Confidence PFS works already Resource complete, the Mt Mackenzie acquisition will allow QMines to rapidly incorporate the known depo
Slide 14: Proposed Mount Mackenzie Acquisition
Proposed Mount Mackenzie Acquisition For personal use only Key Acquisition QMines Limited is seeking to acquire 100% of Mount Mackenzie Parties: Terms Mines Pty Ltd from Resources & Energy Group Limited (ASX:REZ). Compelling QMines to pay $1,000,000 in cash and issue $1,485,000 in shares at Acquisit
Slide 15: Rapid Resource Growth
20,000,000 Rapid Resource Growth QMines Limited (ASX:QML) 18,000,000 For personal use only Large Ongoing Drilling Program² 16,000,000 Rapid Resource 14,000,000 Growth 12,000,000 Further M&A Resource Tonnes (t) Opportunities³ Management 10,000,000 That Delivers!¹ The QMines team 8,000,000 has deliver
Slide 16: Immediate & Known Growth
JORC Tonnes Cu Grade Au Grade Zn Grade Ag Grade Deposit: For personal use only Category: (Mt): (%): (g/t): (%): (g/t): Immediate & Measured, Known Growth Mt Chalmers¹ Indicated & 11.3 0.75 0.42 0.23 4.6 Inferred Immediate & Known Upside Indicated & Currently Develin Creek² 4.13 1.00 0.15 1.16 6.0 Dr
Slide 17: Mount Mackenzie Acquisition
Mount Mackenzie Acquisition Logical, Value-Accretive & Complementary For personal use only April 2025 17
Slide 18: 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 Proven 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 19: 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 2.90 0.3% 1.09 0.15 0.98 6.04 Develin Creek Inferred 1.23 0.3% 0.81 0.16 1.58 6.00 Total¹ 4.13 0.3