Slide 1: Site Visit Technical Presentation
Site Visit Technical Presentation ASX:QML For personal use only July 2022 A Growing VHMS Deposit With Significant Upside www.qmines.com.au
Slide 2: Important Information
Important Information For personal use only DISCLAIMER 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: Executive Summary
“Growing Copper & Gold Resource Executive Summary Moving Towards Development…” For personal use only Right Deposit Style Right Commodity Mix Right Geology VHMS deposits are known to Copper to support the energy Similar style and setting to the cluster and have a high metal transition and precious me
Slide 4: Why Queensland?
Why Queensland? For personal use only Well Endowed District • Mt Chalmers – Kuroko style VHMS (277.1 Ma); • Mount Morgan – World class VHMS / Intrusion Related Au deposit (390 ± 5 Ma); • Cracow – Low Sulphidation epithermal Au (291 ± 5 Ma); and • Mt Rawdon – Late Triassic intrusion related gold syst
Slide 5: Why VHMS Deposits? They Cluster
Why VHMS Deposits? They Cluster… For personal use only Hokuroko District, Yamata Basin, Doyon-Bousquet-LaRonde Mining Camp, Abitibi VHMS and Hybrid Deposits of the Mt Read Honshu, Japan. (mostly Middle to Greenstone Belt, Quebec, Canada² Volcanics³ Late Miocene rift-related Kuroko style VHMS deposit
Slide 6: Why VHMS Deposits? The Scale of Mt Chalmers
Why VHMS Deposits? The Scale of Mt Chalmers For personal use only Mt Chalmers on an International Scale¹ Mt Chalmers on a National Scale² ¹ Koski & Mosier, 2010 ² Large, Herrmann & Corbett, 1987 6
Slide 7: Why VHMS Deposits? High Value
Why VHMS Deposits? High Value For personal use only ¹ “VHMS Deposits are one of the Highest Value Deposits per Tonne…” ¹ Murphy, Pratt, Hinman, Donohue, Pirlo & Jones, 2016 7
Slide 8: Regional & Local Geology
Regional & Local Geology For personal use only • New England Orogen (youngest of the Tasman Orogenic Zone). Host to Au-Cu Intrusion related and VHMS deposits, porphyry Cu-Au, epithermal Au- Ag, Orogenic Au and granite Sn; • Yarrol Province (forearc setting); • Hosted within the Early Permian (268.2
Slide 9: Mt Chalmers Mineralisation
Mt Chalmers Mineralisation For personal use only Overview • Typical metal association, alteration and zonation of a Cu – Au type VHMS deposit, comprising an upper massive Zn-Pb sulphide zone, in part layered and fragmental, which is underlain by a more extensive silicified alteration cut by stringer
Slide 10: Mt Chalmers Mineralisation
Mt Chalmers Mineralisation For personal use only Mt Chalmers QMines and Historical Drillholes and Sections AA’ and BB’. Mt Chalmers Section B-B’¹. ¹ ASX Announcement – More Outstanding Copper & Gold Results at Mt Chalmers, 16 June 2022 10
Slide 11: Local Geology
“Extensive Upside with Seven Local Geology Prospects yet to be Drilled…” For personal use only Siltstone Andesite Silicious Pyroclastic Massive Sulphide Geological Long Section 5010E of the Mt Chalmers Main Lode, (Large & Both, 1980). Stringer Zone Dolomite 11
Slide 12: Metallurgical Test Work
Metallurgical Test Work¹ For personal use only Preliminary Metallurgical Results • Copper 97.0% • Gold 86.5% • Zinc 77.5% • Silver 70.5% • Lead 85.0% Discussion • Results based on two mineralisation types: Cu-Au stringer mineralisation and Cu-Pb-Zn exhalite mineralisation; • Expected to be indicativ
Slide 13: Exploration Upside
Exploration Upside For personal use only Mineralisation • The Mineral Resource at Mt Chalmers remains open; • Down-dip extensions are expected; and • Some gaps in the resource are to be infilled. Three Exploration Targets¹ Exploration Tonnes Target Cu (%) Au (g/t) Ag (g/t) Zn (%) Pb (%) (Mt) Woods S
Slide 14: Tracker Anomaly
Tracker 3 Anomaly¹ “Potential Mt Chalmers Look-a-Like” For personal use only • Large (750m by 750m), coincident Cu and Zn in soil anomaly; • Rock chip samples up to 1.28% Cu and 2.5% Zn; • Historic drilling – Drilled in 1969. Five 75 ft (22.9m) deep drill holes; • Bounded by a set of NE trending str
Slide 15: Gold Potential
Gold Potential For personal use only Overview • Mt Chalmers is a gold-rich VHMS deposit having produced 67,992.3 Oz Au; • Listed as a gold-dominant deposit in the Queensland Mineral Resources (MINOCC) database; • Hard-rock gold production from at least 13 deposits (excluding Mt Chalmers) in the Cawa
Slide 16: What's Next?
“The Mt Chalmers Resource Remains Open with What’s Next? Seven Additional Prospects yet to be Drilled…” For personal use only RC Drilling Airborne EM Updated Updated Campaign Survey Geological Model Resource • Test extremities of Mt • Scheduled for H2-2022; • New insights from drilling • Expected H2
Slide 17: Why Invest?
“An Exciting New Copper & Gold Why Invest? Development Company…” For personal use only Right Deposit Style Right Commodity Mix Right Geology VHMS deposits are known to Copper to support the energy Similar style and setting to cluster and have a high metal transition and precious metals world-class M
Slide 18: Historic Production, Mineral Resource & Exploration Targets
Historic Production, Mineral Resource Appendix & Exploration Targets¹ ² ³ For personal use only Historic Production¹ Project Tonnes (Mt) Grade (% Cu) Grade (g/t Au) Grade (g/t Ag) Mt Chalmers 1.24 2.0 3.6 19 Mineral Resource² Project Category Tonnes (Mt) Cu (%) Au (g/t) Zn (%) Ag (g/t) Pb (%) Cut Of
Slide 19: Contact
An Opportunity to Own a Rapidly Expanding Australian Copper & Gold Development Company… For personal use only Contact ASX:QML Andrew Sparke Peter Nesveda Executive Chairman Investor Relations M: +61 422 283 022 M: +61 412 357 375 E: andrew@qmines.com.au E: peter@qmines.com.au This announcement has b