QMines Strengthens Board with Appointment of Experienced Geologist
OVERVIEW
QMines Limited (ASX:QML)(FSE:81V)(QMines or Company) is pleased to announce that it has appointed experienced geologist, Mr Peter Caristo, as an Independent Non-Executive Director.
Peter has over twenty-four years experience as a geologist working across project generation, assessment and management in both Australia and overseas covering greenfields and brownfields projects. Peter has covered a wide range of copper and gold projects within various geological terranes and mineralisation styles. He has worked for a number of successful resources companies including Newcrest Mining Limited (ASX:NCM) and OceanaGold Limited (ASX:OGC) and as a geological consultant based in Queensland.
QMines has been looking to strengthen its inhouse technical capability since its recent ASX listing. The Board is pleased to welcome Peter to the team and looks forward to working with him to achieve QMines’ growth strategy.
QMines would also like to announce that its Managing Director, Mr Daniel Lanskey, will be stepping down to pursue other interests.
MANAGEMENT COMMENT
Commenting on the new appointment, Andrew Sparke, the Company’s Executive Chairman said:
“We have been looking to add an experienced technical director to the Board since our recent ASX listing and we are excited to welcome Peter to the team.
We would also like to sincerely thank Dan for his contribution to the business. Dan has been the Company’s Managing Director for over twelve months and assisted with the Company’s establishment and recent ASX listing. Dan remains an important shareholder of the business and we wish him all the best with his future endeavours.”
ABOUT QMINES
QMines Limited (ASX:QML) (FSE:81V) is a Queensland based copper and gold exploration and development company. QMines is seeking to become Australia’s first zero carbon copper and gold developer. The Company owns 100% of four advanced projects covering a total area of 1,096km². The Company’s flagship project, Mt Chalmers, is located 17km North East of Rockhampton. The Project is a high-grade historic mine that produced 1.2Mt @ 3.6g/t Au, 2.0% Cu and 19g/t Ag between 1898-1982. Mt Chalmers has an Inferred Resource (JORC 2012) of 3.9Mt @ 1.15% Cu, 0.81g/t Au and 8.4g/t Ag.¹
QMines’ objective is to grow its resource base, consolidate assets in the region and assess commercialisation options. The Company has commenced an aggressive exploration program (+30,000m) providing shareholders with significant leverage to a growing resource and exploration success.
DIRECTORS AND MANAGEMENT
ANDREW SPARKE
Executive Chairman
JAMES ANDERSON
General Manager Operations
ELISSA HANSEN
Non-Executive Director & Company Secretary
HAMISH GRANT
Project Geologist
PETER CARISTO
Independent Non-Executive Director (Technical)
PROJECTS
MT CHALMERS (100%) SILVERWOOD (100%) WARROO (100%) HERRIES RANGE (100%)
QMINES LIMITED: ACN 643 212 104
SHARES ON ISSUE: 111,372,748
UNLISTED OPTIONS: 4,200,000 ($0.375 strike, 3 year term)
ASX CODE: QML
FSE CODE: 81V
This announcement has been approved and authorised by the Board of QMines Limited.
CONTACT
QMines Limited (ASX:QML)
Registered Address: Suite J, 34 Suakin Drive, Mosman NSW 2088
Postal Address: PO BOX 36 Mosman NSW 2088
Telephone: +61 (2) 8915 6241
Email: [email protected]
Website: www.qmines.com.au
Andrew Sparke, Executive Chairman
Email: [email protected]
Peter Nesveda, Investor Relations
Email: [email protected]
Investor Relations, Deutschland
Email: [email protected]
¹ Refer to the Independent Geologist Report commencing on page 84 of the Prospectus dated 16 March 2021 available at https://qmines.com.au/prospectus-2/. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus dated 16 March 2021 and that all material assumptions and technical parameters underpinning the resources estimates in the Prospectus dated 16 March 2021 continue to apply and have not materially changed.
