# QML: Drilling Program Doubled as Mt Chalmers Barge Results Near Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145132 Publisher: asx Original announcement: 2026-09-28T23:01:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T16:30:20.808Z Atlas analysis updated: 2026-09-29T16:30:20.808Z - Company: QMines Limited - Ticker: QML - Exchange: ASX - Region: Queensland - Primary commodity: Copper - Secondary commodities: Gold, Zinc, Silver, Lead, Sulfur - Document categories: Resource update, Drill results - Extracted: 2026-09-29 16:30:21 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary QMines Limited has announced a significant expansion of its drilling program, doubling it to 20,000 metres across its Central Queensland projects. This follows encouraging exploration success and aims to accelerate testing of priority targets and extensions to known mineralization at Mt Chalmers, Botos, and Woods Shaft. The company anticipates imminent assay results from the Mt Chalmers barge drilling program, which is the first drilling directly beneath the historic open pits in over 40 years. Reasoning: QMines has doubled its drilling program to 20,000m across three key projects in Central Queensland, with highly anticipated results from the Mt Chalmers barge drilling imminent. The expanded program targets extensions to existing mineralization and aims to grow the company's resource base, indicating strong exploration momentum and potential for significant news flow. - Positive factor: Expanded drilling program across multiple projects - Positive factor: Highly anticipated results from Mt Chalmers barge drilling are imminent - Positive factor: Targeting extensions to known mineralization at Mt Chalmers, Botos, and Woods Shaft - Positive factor: Potential for resource growth and additional mill feed - Positive factor: All resource estimates are JORC compliant and signed by Competent Persons - Negative factor: Woods Shaft resource estimate is stale \(effective date 2022\) - Negative factor: Mt Chalmers resource estimate is somewhat stale \(effective date 2024\) Facts used in scoring: 50 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document includes multiple Mineral Resource Estimates and an Ore Reserve Estimate for several projects. Evidence · text > Ore Reserve - Mt Chalmers **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: All resource and reserve estimates are signed off by named Competent Persons \(Mr Thomas Bartschi, Gary McCrae, Stephen Hyland\). Evidence · text > The information in this announcement that relates to Exploration Results is based on information and supporting documentation compiled by, or under the direction of, Mr Thomas Bartschi, a Competent Person **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The Competent Person statements explicitly mention compliance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\). Evidence · text > Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: Stephen Hyland, the Competent Person for Mineral Resource Estimates, is also a Qualified Person under NI 43-101. Evidence · text > Mr Hyland is also a Qualified Person under the rules of the Canadian Instrument NI 43 101. **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The company has elected to double its current 10,000 metre drilling campaign to 20,000m. Evidence · text > QMines has elected to double its current 10,000 metre drilling campaign following encouraging exploration success across the Company's Central Queensland projects **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drilling programs at Botos and Woods Shaft are designed to test extensions to known mineralization. Evidence · text > designed to confirm the historic deposit and test extensions **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: Several projects, including Mt Chalmers, Develin Creek, Woods Shaft, and Mt Mackenzie, have reported Inferred Resources. Evidence · table > Inferred Context: 1.3 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Woods Shaft Mineral Resource Estimate has an effective date of 22 November 2022, which is over two years old. Evidence · text > Maiden Woods Shaft Resource, 22nd November 2022. ## Extracted facts Stored fact records: 50. Some facts used in scoring do not have a stored record. ## Drill Results (9) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-0) Mt Chalmers · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Mt Chalmers - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Hole Depth: 2500 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers drilling program is targeting depth extensions beneath the historic open pits, representing a significant exploration effort with imminent results expected to provide new insights into the copper-gold system. - Positive factor: Targeting depth extensions beneath historic open pits - Positive factor: First drilling in this area in over 40 years - Positive factor: Assay results are imminent Evidence · text > The Mt Chalmers program comprises 24 diamond holes for approximately 2,500 metres, with eight holes already completed and assay results imminent, designed to test the depth continuity of the copper-gold system beneath the existing open pits #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-1) Mt Chalmers · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Mt Chalmers - Commodity: gold - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Hole Depth: 2500 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers drilling program is targeting depth extensions beneath the historic open pits, representing a significant exploration effort with imminent results expected to provide new insights into the copper-gold system. - Positive factor: Targeting depth extensions beneath historic open pits - Positive factor: First drilling in this area in over 40 years - Positive factor: Assay results are imminent Evidence · text > The Mt Chalmers program comprises 24 diamond holes for approximately 2,500 metres, with eight holes already completed and assay results imminent, designed to test the depth continuity of the copper-gold system beneath the existing open pits #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-2) Botos · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Botos - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Hole Depth: 11360 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Botos drilling program is a major campaign aimed at confirming and extending a historic deposit, with the objective of establishing a new Mineral Resource, indicating significant exploration potential. - Positive factor: Major drilling program underway - Positive factor: Designed to confirm historic deposit and test extensions - Positive factor: Potential to establish additional Mineral Resource Evidence · text > Drilling is also underway at Botos, where QMines has commenced a major 64-hole, 11,360-metre RC and diamond drilling program designed to confirm the historic deposit and test extensions #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-3) Botos · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Botos - Commodity: gold - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Hole Depth: 11360 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Botos drilling program is a major campaign aimed at confirming and extending a historic deposit, with the objective of establishing a new Mineral Resource, indicating significant exploration potential. - Positive factor: Major drilling program underway - Positive factor: Designed to confirm historic deposit and test extensions - Positive factor: Potential to establish additional Mineral Resource Evidence · text > Drilling is also underway at Botos, where QMines has commenced a major 64-hole, 11,360-metre RC and diamond drilling program designed to confirm the historic deposit and test extensions #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 ### BTDDH01 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-4) Botos · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BTDDH01 - Project: Botos - Commodity: gold - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Grade: 0.8 - Grade Unit: g/t - Intercept: 33 m - From: 75 m - To: 108 m - Intercept Depth: 75 m #### Classification - Sample Type: drill - Group ID: BTDDH01:75-108 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This historical gold intercept at Botos shows good grade and width, supporting the potential of the deposit, though it is not a new result. - Positive factor: Good grade for gold in a polymetallic system - Positive factor: Intercept length is substantial - Negative factor: Result is historical, not new Evidence · text > Historical drilling at Botos returned broad polymetallic mineralisation, including 33m @ 0.80g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### BTDDH01 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-5) Botos · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: BTDDH01 - Project: Botos - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Grade: 0.16 - Grade Unit: % - Intercept: 33 m - From: 75 m - To: 108 m - Intercept Depth: 75 m #### Classification - Sample Type: drill - Group ID: BTDDH01:75-108 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This historical copper intercept at Botos shows a moderate grade over a substantial width, indicating polymetallic potential, though it is not a new result. - Positive factor: Intercept length is substantial - Negative factor: Result is historical, not new - Negative factor: Grade is moderate for copper Evidence · text > Historical drilling at Botos returned broad polymetallic mineralisation, including ... 0.16% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### BTDDH01 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-6) Botos · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: BTDDH01 - Project: Botos - Commodity: zinc - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Grade: 1.82 - Grade Unit: % - Intercept: 33 m - From: 75 m - To: 108 m - Intercept Depth: 75 m #### Classification - Sample Type: drill - Group ID: BTDDH01:75-108 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This historical zinc intercept at Botos shows a moderate grade over a substantial width, indicating polymetallic potential, though it is not a new result. - Positive factor: Intercept length is substantial - Negative factor: Result is historical, not new - Negative factor: Grade is moderate for zinc Evidence · text > Historical drilling at Botos returned broad polymetallic mineralisation, including ... 1.82% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### BTDDH01 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-7) Botos · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: BTDDH01 - Project: Botos - Commodity: lead - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Grade: 0.93 - Grade Unit: % - Intercept: 33 m - From: 75 m - To: 108 m - Intercept Depth: 75 m #### Classification - Sample Type: drill - Group ID: BTDDH01:75-108 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This historical lead intercept at Botos shows a moderate grade over a substantial width, indicating polymetallic potential, though it is not a new result. - Positive factor: Intercept length is substantial - Negative factor: Result is historical, not new - Negative factor: Grade is moderate for lead Evidence · text > Historical drilling at Botos returned broad polymetallic mineralisation, including ... 0.93% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### BTDDH01 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-drill-facts-8) Botos · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: BTDDH01 - Project: Botos - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Geometry - Grade: 47 - Grade Unit: g/t - Intercept: 33 m - From: 75 m - To: 108 m - Intercept Depth: 75 m #### Classification - Sample Type: drill - Group ID: BTDDH01:75-108 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This historical silver intercept at Botos shows a moderate grade over a substantial width, indicating polymetallic potential, though it is not a new result. - Positive factor: Intercept length is substantial - Negative factor: Result is historical, not new - Negative factor: Grade is moderate for silver Evidence · text > Historical drilling at Botos returned broad polymetallic mineralisation, including ... 47g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## Resource Estimates (41) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-9) Woods Shaft · copper #### Identity - Project: Woods Shaft - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Resource scope - QP Signed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Woods Shaft drilling program is designed to extend an existing copper-gold resource along strike and at depth, indicating potential for resource growth. - Positive factor: Targeting strike and depth extensions to existing resource - Positive factor: Program scheduled to commence shortly Evidence · text > A further 39-hole, 7,000-metre drilling program at Woods Shaft is scheduled to commence shortly, targeting strike and depth extensions to the existing 0.54Mt copper-gold Mineral Resource. #### Tags used in scoring **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-10) Woods Shaft · gold #### Identity - Project: Woods Shaft - Commodity: gold - Region: australia\_qld - Reported Region: australia\_qld - Ticker: QML #### Resource scope - QP Signed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Woods Shaft drilling program is designed to extend an existing copper-gold resource along strike and at depth, indicating potential for resource growth. - Positive factor: Targeting strike and depth extensions to existing resource - Positive factor: Program scheduled to commence shortly Evidence · text > A further 39-hole, 7,000-metre drilling program at Woods Shaft is scheduled to commence shortly, targeting strike and depth extensions to the existing 0.54Mt copper-gold Mineral Resource. #### Tags used in scoring **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-11) Mt Chalmers · copper #### Identity - Project: Mt Chalmers - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:1bf54349de75e465cee4 - Deposit or zone: Mt Chalmers #### Resource Data - Category: proven - Tonnes: 5100000 - Grade: 0.72 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Proved Reserve demonstrates high confidence in the copper mineralization, with a good grade, though the estimate date is not recent. - Positive factor: Proved Reserve category indicates high confidence - Positive factor: Good copper grade for a reserve - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.72 Context: 5.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-12) Mt Chalmers · gold #### Identity - Project: Mt Chalmers - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:1bf54349de75e465cee4 - Deposit or zone: Mt Chalmers #### Resource Data - Category: proven - Tonnes: 5100000 - Grade: 0.58 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Proved Reserve demonstrates high confidence in the gold mineralization, with a good grade, though the estimate date is not recent. - Positive factor: Proved Reserve category indicates high confidence - Positive factor: Good gold grade for a reserve - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.58 Context: 5.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-13) Mt Chalmers · zinc #### Identity - Project: Mt Chalmers - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:1bf54349de75e465cee4 - Deposit or zone: Mt Chalmers #### Resource Data - Category: proven - Tonnes: 5100000 - Grade: 0.25 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Proved Reserve includes a low zinc grade, indicating it is likely a byproduct, and the estimate date is not recent. - Positive factor: Proved Reserve category indicates high confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low zinc grade for a reserve Evidence · table > 0.25 Context: 5.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-14) Mt Chalmers · silver #### Identity - Project: Mt Chalmers - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:1bf54349de75e465cee4 - Deposit or zone: Mt Chalmers #### Resource Data - Category: proven - Tonnes: 5100000 - Grade: 4.7 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Proved Reserve includes a low silver grade, indicating it is likely a byproduct, and the estimate date is not recent. - Positive factor: Proved Reserve category indicates high confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low silver grade for a reserve Evidence · table > 4.70 Context: 5.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-15) Mt Chalmers · sulfur #### Identity - Project: Mt Chalmers - Commodity: sulfur - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:1bf54349de75e465cee4 - Deposit or zone: Mt Chalmers #### Resource Data - Category: proven - Tonnes: 5100000 - Grade: 5.8 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Proved Reserve includes sulfur content, which can be a penalty element or a potential byproduct, and the estimate date is not recent. - Positive factor: Proved Reserve category indicates high confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 5.80 Context: 5.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-16) Mt Chalmers · copper #### Identity - Project: Mt Chalmers - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:4dcbdc03a0c8f0faac68 - Deposit or zone: Mt Chalmers #### Resource Data - Category: probable - Tonnes: 4500000 - Grade: 0.57 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Probable Reserve shows good tonnage and a reasonable copper grade, though lower than the Proved category, and the estimate date is not recent. - Positive factor: Probable Reserve category indicates good confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Grade is lower than Proved category Evidence · table > 0.57 Context: 4.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-17) Mt Chalmers · gold #### Identity - Project: Mt Chalmers - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:4dcbdc03a0c8f0faac68 - Deposit or zone: Mt Chalmers #### Resource Data - Category: probable - Tonnes: 4500000 - Grade: 0.37 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Probable Reserve shows good tonnage and a reasonable gold grade, though lower than the Proved category, and the estimate date is not recent. - Positive factor: Probable Reserve category indicates good confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Grade is lower than Proved category Evidence · table > 0.37 Context: 4.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-18) Mt Chalmers · zinc #### Identity - Project: Mt Chalmers - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:4dcbdc03a0c8f0faac68 - Deposit or zone: Mt Chalmers #### Resource Data - Category: probable - Tonnes: 4500000 - Grade: 0.29 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Probable Reserve includes a low zinc grade, indicating it is likely a byproduct, and the estimate date is not recent. - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low zinc grade for a reserve Evidence · table > 0.29 Context: 4.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-19) Mt Chalmers · silver #### Identity - Project: Mt Chalmers - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:4dcbdc03a0c8f0faac68 - Deposit or zone: Mt Chalmers #### Resource Data - Category: probable - Tonnes: 4500000 - Grade: 5.5 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Probable Reserve includes a low silver grade, indicating it is likely a byproduct, and the estimate date is not recent. - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low silver grade for a reserve Evidence · table > 5.50 Context: 4.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-20) Mt Chalmers · sulfur #### Identity - Project: Mt Chalmers - Commodity: sulfur - Ticker: QML #### Resource scope - Estimate type: reserve - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Gary McCrae - Resource group id: resource:4dcbdc03a0c8f0faac68 - Deposit or zone: Mt Chalmers #### Resource Data - Category: probable - Tonnes: 4500000 - Grade: 3.6 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Probable Reserve includes sulfur content, which can be a penalty element or a potential byproduct, and the estimate date is not recent. - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 3.60 Context: 4.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-21) Mt Chalmers · copper #### Identity - Project: Mt Chalmers - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:c1a32043486fac67cfbe - Deposit or zone: Mt Chalmers #### Resource Data - Category: measured - Tonnes: 4200000 - Grade: 0.89 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Measured Resource demonstrates high confidence in the copper mineralization with a good grade, though the estimate date is not recent. - Positive factor: Measured Resource category indicates high confidence - Positive factor: Good copper grade for a resource - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.89 Context: 4.2 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-22) Mt Chalmers · gold #### Identity - Project: Mt Chalmers - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:c1a32043486fac67cfbe - Deposit or zone: Mt Chalmers #### Resource Data - Category: measured - Tonnes: 4200000 - Grade: 0.69 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Measured Resource demonstrates high confidence in the gold mineralization with a good grade, though the estimate date is not recent. - Positive factor: Measured Resource category indicates high confidence - Positive factor: Good gold grade for a resource - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.69 Context: 4.2 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-23) Mt Chalmers · zinc #### Identity - Project: Mt Chalmers - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:c1a32043486fac67cfbe - Deposit or zone: Mt Chalmers #### Resource Data - Category: measured - Tonnes: 4200000 - Grade: 0.23 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Measured Resource includes a low zinc grade, indicating it is likely a byproduct, and the estimate date is not recent. - Positive factor: Measured Resource category indicates high confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low zinc grade for a resource Evidence · table > 0.23 Context: 4.2 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-24) Mt Chalmers · silver #### Identity - Project: Mt Chalmers - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:c1a32043486fac67cfbe - Deposit or zone: Mt Chalmers #### Resource Data - Category: measured - Tonnes: 4200000 - Grade: 4.97 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Measured Resource includes a low silver grade, indicating it is likely a byproduct, and the estimate date is not recent. - Positive factor: Measured Resource category indicates high confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low silver grade for a resource Evidence · table > 4.97 Context: 4.2 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-25) Mt Chalmers · sulfur #### Identity - Project: Mt Chalmers - Commodity: sulfur - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:c1a32043486fac67cfbe - Deposit or zone: Mt Chalmers #### Resource Data - Category: measured - Tonnes: 4200000 - Grade: 5.37 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Measured Resource includes sulfur content, which can be a penalty element or a potential byproduct, and the estimate date is not recent. - Positive factor: Measured Resource category indicates high confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 5.37 Context: 4.2 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-26) Mt Chalmers · copper #### Identity - Project: Mt Chalmers - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:705e3339181906592b9f - Deposit or zone: Mt Chalmers #### Resource Data - Category: indicated - Tonnes: 5800000 - Grade: 0.69 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Indicated Resource demonstrates good confidence in the copper mineralization, though the estimate date is not recent. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.69 Context: 5.8 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-27) Mt Chalmers · gold #### Identity - Project: Mt Chalmers - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:705e3339181906592b9f - Deposit or zone: Mt Chalmers #### Resource Data - Category: indicated - Tonnes: 5800000 - Grade: 0.28 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Indicated Resource demonstrates good confidence in the gold mineralization, though the estimate date is not recent. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.28 Context: 5.8 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-28) Mt Chalmers · zinc #### Identity - Project: Mt Chalmers - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:705e3339181906592b9f - Deposit or zone: Mt Chalmers #### Resource Data - Category: indicated - Tonnes: 5800000 - Grade: 0.19 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Indicated Resource includes a low zinc grade, indicating it is likely a byproduct, and the estimate date is not recent. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low zinc grade for a resource Evidence · table > 0.19 Context: 5.8 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-29) Mt Chalmers · silver #### Identity - Project: Mt Chalmers - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:705e3339181906592b9f - Deposit or zone: Mt Chalmers #### Resource Data - Category: indicated - Tonnes: 5800000 - Grade: 3.99 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Indicated Resource includes a low silver grade, indicating it is likely a byproduct, and the estimate date is not recent. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low silver grade for a resource Evidence · table > 3.99 Context: 5.8 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-30) Mt Chalmers · sulfur #### Identity - Project: Mt Chalmers - Commodity: sulfur - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:705e3339181906592b9f - Deposit or zone: Mt Chalmers #### Resource Data - Category: indicated - Tonnes: 5800000 - Grade: 3.77 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Indicated Resource includes sulfur content, which can be a penalty element or a potential byproduct, and the estimate date is not recent. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 3.77 Context: 5.8 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-31) Mt Chalmers · copper #### Identity - Project: Mt Chalmers - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:88702bfad1433a0018c6 - Deposit or zone: Mt Chalmers #### Resource Data - Category: inferred - Tonnes: 1300000 - Grade: 0.6 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Inferred Resource provides an indication of potential copper mineralization but with lower confidence, and the estimate date is not recent. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.60 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-32) Mt Chalmers · gold #### Identity - Project: Mt Chalmers - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:88702bfad1433a0018c6 - Deposit or zone: Mt Chalmers #### Resource Data - Category: inferred - Tonnes: 1300000 - Grade: 0.19 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Inferred Resource provides an indication of potential gold mineralization but with lower confidence, and the estimate date is not recent. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 0.19 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-33) Mt Chalmers · zinc #### Identity - Project: Mt Chalmers - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:88702bfad1433a0018c6 - Deposit or zone: Mt Chalmers #### Resource Data - Category: inferred - Tonnes: 1300000 - Grade: 0.27 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Inferred Resource includes a low zinc grade, indicating it is likely a byproduct, and the estimate date is not recent. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low zinc grade for a resource Evidence · table > 0.27 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-34) Mt Chalmers · silver #### Identity - Project: Mt Chalmers - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:88702bfad1433a0018c6 - Deposit or zone: Mt Chalmers #### Resource Data - Category: inferred - Tonnes: 1300000 - Grade: 5.41 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Inferred Resource includes a low silver grade, indicating it is likely a byproduct, and the estimate date is not recent. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) - Negative factor: Low silver grade for a resource Evidence · table > 5.41 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-35) Mt Chalmers · sulfur #### Identity - Project: Mt Chalmers - Commodity: sulfur - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2024-04-30T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:88702bfad1433a0018c6 - Deposit or zone: Mt Chalmers #### Resource Data - Category: inferred - Tonnes: 1300000 - Grade: 2.02 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2024-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Chalmers Inferred Resource includes sulfur content, which can be a penalty element or a potential byproduct, and the estimate date is not recent. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Estimate effective date is somewhat stale \(2024\) Evidence · table > 2.02 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-36) Develin Creek · copper #### Identity - Project: Develin Creek - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:0e1f757a213101cb8d35 - Deposit or zone: Develin Creek #### Resource Data - Category: indicated - Tonnes: 4220000 - Grade: 0.98 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Indicated Resource shows good confidence and a strong copper grade, contributing to the company's overall resource base. - Positive factor: Indicated Resource category indicates good confidence - Positive factor: Good copper grade for a resource Evidence · table > 0.98 Context: 4.22 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-37) Develin Creek · zinc #### Identity - Project: Develin Creek - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:0e1f757a213101cb8d35 - Deposit or zone: Develin Creek #### Resource Data - Category: indicated - Tonnes: 4220000 - Grade: 1.08 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Indicated Resource shows good confidence and a strong zinc grade, contributing to the company's overall resource base. - Positive factor: Indicated Resource category indicates good confidence - Positive factor: Good zinc grade for a resource Evidence · table > 1.08 Context: 4.22 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-38) Develin Creek · gold #### Identity - Project: Develin Creek - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:0e1f757a213101cb8d35 - Deposit or zone: Develin Creek #### Resource Data - Category: indicated - Tonnes: 4220000 - Grade: 0.16 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Indicated Resource includes a low gold grade, indicating it is likely a byproduct, and contributes to the company's overall resource base. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Low gold grade for a resource Evidence · table > 0.16 Context: 4.22 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-39) Develin Creek · silver #### Identity - Project: Develin Creek - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:0e1f757a213101cb8d35 - Deposit or zone: Develin Creek #### Resource Data - Category: indicated - Tonnes: 4220000 - Grade: 6 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Indicated Resource includes a low silver grade, indicating it is likely a byproduct, and contributes to the company's overall resource base. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Low silver grade for a resource Evidence · table > 6.0 Context: 4.22 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-40) Develin Creek · copper #### Identity - Project: Develin Creek - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:da0af4a021a671b60a8c - Deposit or zone: Develin Creek #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 0.61 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Inferred Resource provides an indication of potential copper mineralization but with lower confidence. - Negative factor: Inferred Resource category indicates lower confidence Evidence · table > 0.61 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-41) Develin Creek · zinc #### Identity - Project: Develin Creek - Commodity: zinc - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:da0af4a021a671b60a8c - Deposit or zone: Develin Creek #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 0.41 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Inferred Resource provides an indication of potential zinc mineralization but with lower confidence and a low grade. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Low zinc grade for a resource Evidence · table > 0.41 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-42) Develin Creek · gold #### Identity - Project: Develin Creek - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:da0af4a021a671b60a8c - Deposit or zone: Develin Creek #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 0.1 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Inferred Resource provides an indication of potential gold mineralization but with lower confidence and a very low grade. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Very low gold grade for a resource Evidence · table > 0.10 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-43) Develin Creek · silver #### Identity - Project: Develin Creek - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2026-02-23T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:da0af4a021a671b60a8c - Deposit or zone: Develin Creek #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 3.5 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-02-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Develin Creek Inferred Resource provides an indication of potential silver mineralization but with lower confidence and a low grade. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Low silver grade for a resource Evidence · table > 3.5 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-44) Woods Shaft · copper #### Identity - Project: Woods Shaft - Commodity: copper - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2022-11-22T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:49286642270de9153a40 - Deposit or zone: Woods Shaft #### Resource Data - Category: inferred - Tonnes: 540000 - Grade: 0.5 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2022-11-22 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Woods Shaft Inferred Resource provides an indication of potential copper mineralization but with lower confidence and a stale effective date. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Estimate effective date is stale \(2022\) Evidence · table > 0.50 Context: 0.54 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.8 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-45) Woods Shaft · gold #### Identity - Project: Woods Shaft - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2022-11-22T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:49286642270de9153a40 - Deposit or zone: Woods Shaft #### Resource Data - Category: inferred - Tonnes: 540000 - Grade: 0.95 - Grade Unit: g/t - Cutoff Grade: 0.3 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2022-11-22 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Woods Shaft Inferred Resource provides an indication of potential gold mineralization but with lower confidence and a stale effective date. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Estimate effective date is stale \(2022\) Evidence · table > 0.95 Context: 0.54 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.8 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-46) Mt Mackenzie · gold #### Identity - Project: Mt Mackenzie - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2025-08-05T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:41a9beb1ba982a4d6237 - Deposit or zone: Mt Mackenzie #### Resource Data - Category: indicated - Tonnes: 3770000 - Grade: 0.99 - Grade Unit: g/t - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-05 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Mackenzie Indicated Resource shows good confidence and a strong gold grade, contributing to the company's overall resource base. - Positive factor: Indicated Resource category indicates good confidence - Positive factor: Good gold grade for a resource Evidence · table > 0.99 Context: 3.77 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-47) Mt Mackenzie · silver #### Identity - Project: Mt Mackenzie - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2025-08-05T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:41a9beb1ba982a4d6237 - Deposit or zone: Mt Mackenzie #### Resource Data - Category: indicated - Tonnes: 3770000 - Grade: 7.3 - Grade Unit: g/t - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-05 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Mackenzie Indicated Resource includes a low silver grade, indicating it is likely a byproduct, and contributes to the company's overall resource base. - Positive factor: Indicated Resource category indicates good confidence - Negative factor: Low silver grade for a resource Evidence · table > 7.3 Context: 3.77 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-48) Mt Mackenzie · gold #### Identity - Project: Mt Mackenzie - Commodity: gold - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2025-08-05T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:fe0b9a5ee8b0815f015b - Deposit or zone: Mt Mackenzie #### Resource Data - Category: inferred - Tonnes: 1450000 - Grade: 1.07 - Grade Unit: g/t - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-05 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Mackenzie Inferred Resource provides an indication of potential gold mineralization but with lower confidence. - Negative factor: Inferred Resource category indicates lower confidence Evidence · table > 1.07 Context: 1.45 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/qml-drilling-program-doubled-as-mt-chalmers-barge-results-near--6f934e0b-15d5-452b-ac31-3bee73ae99d2#fact-resource-facts-49) Mt Mackenzie · silver #### Identity - Project: Mt Mackenzie - Commodity: silver - Ticker: QML #### Resource scope - Estimate type: resource - Effective date: 2025-08-05T00:00:00.000Z - Reporting standards: jorc, ni\_43\_101 - QP Signed: Yes - Qualified person names: Stephen Hyland - Resource group id: resource:fe0b9a5ee8b0815f015b - Deposit or zone: Mt Mackenzie #### Resource Data - Category: inferred - Tonnes: 1450000 - Grade: 4.9 - Grade Unit: g/t - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-05 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The Mt Mackenzie Inferred Resource provides an indication of potential silver mineralization but with lower confidence and a low grade. - Negative factor: Inferred Resource category indicates lower confidence - Negative factor: Low silver grade for a resource Evidence · table > 4.9 Context: 1.45 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ## 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.