QMines well placed to pursue development of Mt Chalmers Project amid increased copper demand
The prevailing copper price due to global concerns around forward demand, driven by green stimulus and greater take-up of electric vehicles, is set to create a persistent supply deficit, which bodes well for the company s Queensland project. The company is focused on aggressive exploration in the near term as it aims to expand the project’s resource.
QMines Ltd (ASX:QML) (FRA:81V) is well placed to benefit from the expected uptick in copper demand over the next decade, driven by electric vehicle makers and green environmental policies – particularly in Europe.
QMines Ltd (ASX:QML) (FRA:81V) released highly encouraging results from its maiden diamond drilling at the Mt Chalmers Copper Project in Queensland this week and has immediately moved to a 3,000-metre reverse circulation (RC) drilling campaign.
The newly listed company, which aims to be Queensland’s next copper and gold developer, has an extensive drilling program planned, funded by its recent IPO which raised $11.5 million.
Its exploration goal is to establish a strong copper development story over the next 18-24 months and to demonstrate that there is more copper and gold mineralisation underneath and around the historical high-grade mine.
U.S. Activists Try to Halt an Australian Way of Life: Killing Kangaroos
A bill in Congress aims to ban all kangaroo products from Australia, setting up a clash between two very different kinds of people on opposite ends of the earth.
Ian White, a commercial hunter, carrying a kangaroo he had shot in Surat, Australia.
May 22, 2021, 5:00 a.m. ET
SURAT, Australia Ian White drove slowly over the red dirt track, past wheat stubble and into the long grass, where he glimpsed a tuft of white fur moving near the woods to his left.
It was a warm autumn night in the Australian outback. He turned on the spotlight sitting atop his truck, finding a kangaroo 150 yards away.
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