QMines drilling returns standout 35m at 2.88pc copper hit at Mt Chalmers

Original announcement by stockhead on

Company
QMines
Ticker
QML
Exchange
Unavailable
Region
Queensland
Primary commodity
Copper
Secondary commodities
Gold, Silver
Document categories
Drill results, Metallurgy
Extracted
2026-08-20 10:26:09 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

QMines has reported high-grade copper drilling results at the Mt Chalmers project in Queensland, highlighted by a 35m intercept at 2.88% Cu. The results, which include gold and silver credits, exceed current block model predictions and will support upcoming DFS metallurgical and resource update work.

Reasoning: Standout copper intercept of 2.88% over 35m exceeds local resource model expectations and provides high-quality metallurgical material for DFS.

Positive factors

  • high-grade copper intercept
  • grades exceed current block model
  • supports DFS metallurgical work

Facts used in scoring: 13

Atlas analysis — QMines: QMines drilling returns standout 35m at 2.88pc copper hit at Mt Chalmers. 2.88 % over 35 m; 1.17 % over 16 m; 0.84 % over 21 m

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release mentions core samples undergoing testing at ALS Burnie and validation of assays.

Evidence · text

“Core samples from both holes are now undergoing comminution and flotation testwork at ALS Burnie”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: Drilling was performed within existing modelled mineralisation to support DFS.

Evidence · text

“Both diamond holes were completed within existing modelled mineralisation”

Extracted facts

Stored fact records: 13. Some facts used in scoring do not have a stored record.

Drill Results (13)

26MCRD002Mt Chalmers · copperGrade: 2.88Grade Unit: %Intercept: 35 mView all details
Link to this fact

Identity

Hole ID
26MCRD002
Project
Mt Chalmers
Commodity
copper
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
2.88
Grade Unit
%
Intercept
35 m
From
107 m
To
142 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCRD002:107.0-142.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 2.88% Cu over 35m is an exceptional intercept for this deposit type and exceeds local model expectations.

Positive factors

  • exceptional grade
  • exceeds block model
26MCRD002Mt Chalmers · goldGrade: 0.75Grade Unit: g/tIntercept: 35 mView all details
Link to this fact

Identity

Hole ID
26MCRD002
Project
Mt Chalmers
Commodity
gold
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
0.75
Grade Unit
g/t
Intercept
35 m
From
107 m
To
142 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCRD002:107.0-142.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 0.75 g/t Au accompanies a high-grade copper intercept.

Positive factors

  • accompanying gold credits
26MCRD002Mt Chalmers · silverGrade: 3.3Grade Unit: g/tIntercept: 35 mView all details
Link to this fact

Identity

Hole ID
26MCRD002
Project
Mt Chalmers
Commodity
silver
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
3.3
Grade Unit
g/t
Intercept
35 m
From
107 m
To
142 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCRD002:107.0-142.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 3.3 g/t Ag accompanies a high-grade copper intercept.

Positive factors

  • accompanying silver credits
26MCRD002Mt Chalmers · copperGrade: 3.22Grade Unit: %Intercept: 31 mView all details
Link to this fact

Identity

Hole ID
26MCRD002
Project
Mt Chalmers
Commodity
copper
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
3.22
Grade Unit
%
Intercept
31 m
From
110 m
To
141 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCRD002:110.0-141.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: High-grade core of 3.22% Cu within the larger intercept.

Positive factors

  • high-grade core
26MCRD002Mt Chalmers · goldGrade: 0.83Grade Unit: g/tIntercept: 31 mView all details
Link to this fact

Identity

Hole ID
26MCRD002
Project
Mt Chalmers
Commodity
gold
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
0.83
Grade Unit
g/t
Intercept
31 m
From
110 m
To
141 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCRD002:110.0-141.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 0.83 g/t Au within the high-grade core.

26MCDD007Mt Chalmers · copperGrade: 1.17Grade Unit: %Intercept: 16 mView all details
Link to this fact

Identity

Hole ID
26MCDD007
Project
Mt Chalmers
Commodity
copper
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
1.17
Grade Unit
%
Intercept
16 m
From
66 m
To
82 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCDD007:66.0-82.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 1.17% Cu over 16m is a solid intercept.

Positive factors

  • strong intercept
26MCDD007Mt Chalmers · goldGrade: 1.58Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
26MCDD007
Project
Mt Chalmers
Commodity
gold
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
1.58
Grade Unit
g/t
Intercept
16 m
From
66 m
To
82 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCDD007:66.0-82.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 1.58 g/t Au accompanies the copper intercept.

26MCDD007Mt Chalmers · copperGrade: 4.22Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
26MCDD007
Project
Mt Chalmers
Commodity
copper
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
4.22
Grade Unit
%
Intercept
2 m
From
66 m
To
68 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCDD007:66.0-68.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: High-grade 4.22% Cu sub-interval.

Positive factors

  • high-grade sub-interval
26MCDD007Mt Chalmers · goldGrade: 5.38Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
26MCDD007
Project
Mt Chalmers
Commodity
gold
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
5.38
Grade Unit
g/t
Intercept
2 m
From
66 m
To
68 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCDD007:66.0-68.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 5.38 g/t Au sub-interval.

Positive factors

  • high-grade sub-interval
26MCDD007Mt Chalmers · copperGrade: 0.84Grade Unit: %Intercept: 21 mView all details
Link to this fact

Identity

Hole ID
26MCDD007
Project
Mt Chalmers
Commodity
copper
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
0.84
Grade Unit
%
Intercept
21 m
From
89 m
To
110 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCDD007:89.0-110.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 21m at 0.84% Cu is a broad mineralized zone.

Positive factors

  • broad zone
26MCDD007Mt Chalmers · goldGrade: 0.83Grade Unit: g/tIntercept: 21 mView all details
Link to this fact

Identity

Hole ID
26MCDD007
Project
Mt Chalmers
Commodity
gold
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
0.83
Grade Unit
g/t
Intercept
21 m
From
89 m
To
110 m

Classification

Program
resource
Sample Type
drill
Group ID
26MCDD007:89.0-110.0
Mining Method
unknown

QA/QC

Laboratory
ALS Burnie
QA/QC Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: 0.83 g/t Au accompanies the broad copper zone.

26MCRD002Mt Chalmers · copperGrade: 10.45Grade Unit: %View all details
Link to this fact

Identity

Hole ID
26MCRD002
Project
Mt Chalmers
Commodity
copper
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
10.45
Grade Unit
%

Classification

Program
resource
Sample Type
drill
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: Individual assay of 10.45% Cu noted.

Positive factors

  • very high grade
26MCRD002Mt Chalmers · goldGrade: 9.52Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
26MCRD002
Project
Mt Chalmers
Commodity
gold
Region
australia_qld
Reported Region
Queensland
Ticker
QML

Geometry

Grade
9.52
Grade Unit
g/t

Classification

Program
resource
Sample Type
drill
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-18T00:00:00.000Z

Reasoning: Individual assay of 9.52 g/t Au noted.

Positive factors

  • very high grade

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.