QMines Limited announced that it has recently acquired an RC drill rig, booster and auxiliary compressor truck, rod truck and support vehicles. These have now arrived at the Company's Mt Chalmers Project, located 17km north-east of Rockhampton in Queensland. Mt Chalmers is a high-grade historic mine operated between 1898-1982 with total production of 1,244,618t @ 2.0% Cu, 3.6 g/t Au and 19 g/t Ag.

QMines has recently published its second Resource upgrade at Mt Chalmers with the Resource Estimate now at 5.8 Mt @ 1.7% CuEq for 101,000 tonnes CuEq, with 78% now in the Measured and Indicated categories. RC drilling operations will commence in February 2022, with site works and rig preparation currently being undertaken. The company has scheduled additional diamond drilling at the Mt Chalmers Mine area with the diamond drill rig expected to arrive onsite shortly.

Since acquiring the Mt Chalmers mine in December 2020, QMines has delivered: Two Resource upgrades; 38% increase in the maiden Resource; 78% increase in Measured and Indicated categories; Three Exploration Targets at Woods Shaft, Botos and Mt Warminster; and Third resource upgrade expected in H1-2022.