# QMines lands 24c share price target as Mt Chalmers copper opportunity grows Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329 Original source: https://stockhead.com.au/resources/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows/ Publisher: stockhead Original announcement: 2026-09-30T00:12:46.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T01:03:12.408Z Atlas analysis updated: 2026-09-30T01:03:12.408Z - Company: QMines - Ticker: QML - Exchange: Unavailable - Region: Unavailable - Primary commodity: Copper - Secondary commodities: Gold, Zinc, Silver - Document categories: Drill results, Resource update - Extracted: 2026-09-30 01:03:13 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary QMines is advancing its Mt Chalmers copper-gold project through a definitive feasibility study, supported by a 9.6Mt ore reserve. Recent drilling has returned high-grade copper-gold intercepts, and the company is exploring regional expansion through satellite deposits like Develin Creek and Mount Mackenzie. Reasoning: The document reports strong recent drill results and highlights significant resource/reserve scale across multiple projects in a regional cluster, supported by a positive analyst price target. - Positive factor: Strong drill intercepts reported - Positive factor: Significant reserve-backed core value at Mt Chalmers - Positive factor: Regional expansion optionality via Develin Creek and Mount Mackenzie - Positive factor: Fully funded DFS in progress Facts used in scoring: 9 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 4.18% Cu is an exceptionally high grade for this project type. Evidence · text > 7m at 4.18% copper **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: Develin Creek resource is reported as 90% Indicated. Evidence · text > 4.70Mt copper-zinc mineral resource that is about 90% Indicated ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-drill-facts-0) Mt Chalmers · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Mt Chalmers - Commodity: copper - Region: argentina - Reported Region: argentina - Ticker: QML #### Geometry - Grade: 2.88 - Grade Unit: % - Intercept: 35 m - From: 107 m - To: 142 m - Intercept Depth: 107 m #### Classification - Sample Type: drill - Group ID: Mt\_Chalmers:107-142 #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: 2.88% Cu is a strong intercept for a copper project. - Positive factor: Strong copper grade Evidence · text > 35m at 2.88% copper and 0.75g/t gold from 107m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-drill-facts-1) Mt Chalmers · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Mt Chalmers - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: QML #### Geometry - Grade: 0.75 - Grade Unit: g/t - Intercept: 35 m - From: 107 m - To: 142 m - Intercept Depth: 107 m #### Classification - Sample Type: drill - Group ID: Mt\_Chalmers:107-142 #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: 0.75 g/t Au accompanies a strong copper intercept. - Positive factor: Co-occurring gold grade Evidence · text > 35m at 2.88% copper and 0.75g/t gold from 107m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-drill-facts-2) Mt Chalmers · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Mt Chalmers - Commodity: copper - Region: argentina - Reported Region: argentina - Ticker: QML #### Geometry - Grade: 1.99 - Grade Unit: % - Intercept: 32 m - From: 138 m - To: 170 m - Intercept Depth: 138 m #### Classification - Sample Type: drill - Group ID: Mt\_Chalmers:138-170 #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: 1.99% Cu is a strong intercept. - Positive factor: Solid copper grade Evidence · text > 32m at 1.99% copper and 0.39g/t gold from 138m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-drill-facts-3) Mt Chalmers · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Mt Chalmers - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: QML #### Geometry - Grade: 0.39 - Grade Unit: g/t - Intercept: 32 m - From: 138 m - To: 170 m - Intercept Depth: 138 m #### Classification - Sample Type: drill - Group ID: Mt\_Chalmers:138-170 #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: 0.39 g/t Au is a modest grade. Evidence · text > 32m at 1.99% copper and 0.39g/t gold from 138m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-drill-facts-4) Mt Chalmers · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Mt Chalmers - Commodity: copper - Region: argentina - Reported Region: argentina - Ticker: QML #### Geometry - Grade: 4.18 - Grade Unit: % - Intercept: 7 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: 4.18% Cu is an exceptional grade for this project type. - Positive factor: High grade intercept Evidence · text > including 7m at 4.18% copper #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-resource-facts-5) Develin Creek · copper #### Identity - Project: Develin Creek - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: resource - Resource group id: resource:3a7d3c563759ef33b033 #### Resource Data - Category: indicated - Tonnes: 4700000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: 90% Indicated resource at Develin Creek. - Positive factor: High confidence category Evidence · text > Develin Creek ... with a 4.70Mt copper-zinc mineral resource that is about 90% Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-resource-facts-6) Develin Creek · zinc #### Identity - Project: Develin Creek - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: resource - Resource group id: resource:3a7d3c563759ef33b033 #### Resource Data - Category: indicated - Tonnes: 4700000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Zinc is a secondary commodity in the Develin Creek resource. Evidence · text > Develin Creek ... with a 4.70Mt copper-zinc mineral resource that is about 90% Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-resource-facts-7) Mount Mackenzie · gold #### Identity - Project: Mount Mackenzie - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Resource group id: resource:a554f3ecece6c10d62ff #### Resource Data - Category: indicated - Tonnes: 5220000 - Grade: 1.01 - Grade Unit: g/t - Contained Metal: 170000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Mount Mackenzie provides a separate gold-growth option. - Positive factor: Significant gold resource Evidence · text > Mount Mackenzie ... mineral resource stands at 5.22Mt at 1.01g/t gold ... for about 170,000oz of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qmines-lands-24c-share-price-target-as-mt-chalmers-copper-opportunity-grows--67ea5818-31ab-4f09-b221-3e7a87406329#fact-resource-facts-8) Mount Mackenzie · silver #### Identity - Project: Mount Mackenzie - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Resource group id: resource:a554f3ecece6c10d62ff #### Resource Data - Category: indicated - Tonnes: 5220000 - Grade: 6.7 - Grade Unit: g/t - Contained Metal: 1.12 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Silver is a significant byproduct at Mount Mackenzie. - Positive factor: Significant silver resource Evidence · text > Mount Mackenzie ... mineral resource stands at 5.22Mt at 1.01g/t gold and 6.7g/t silver for ... 1.12Moz of silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## 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.