QMines announces successful maiden metallurgical testwork results

QMines Limited (ASX:QML) has announced the successful completion of its maiden metallurgical testwork program at the Develin Creek project in Queensland. The testwork results demonstrate the potential to produce saleable copper and pyrite concentrates from the Develin Creek deposit. Additionally, the company has extended the settlement agreement with Zenith Minerals to acquire the remaining 49% interest in the project, with drilling ongoing and assay results expected shortly.

Executive Commentary on Maiden Metallurgical Testwork Results

The testwork program has yielded positive results, confirming the ability to generate saleable copper and pyrite concentrates from the Develin Creek deposit. While the production of a saleable zinc concentrate was not feasible, the company remains committed to maximizing the project's potential. The extension of the acquisition agreement with Zenith Minerals reflects our dedication to securing the remaining interest in the Develin Creek project, aligning with our strategic objectives for sustainable copper production.

Summary of Maiden Metallurgical Testwork Results and Acquisition Extension

The maiden metallurgical testwork results from the Develin Creek project have validated the potential for producing saleable copper and pyrite concentrates. Despite the inability to produce a saleable zinc concentrate, QMines remains focused on leveraging the project's strengths. The extension of the acquisition agreement with Zenith Minerals underscores the company's commitment to securing the remaining interest in the project. With ongoing drilling activities and imminent assay results, QMines is poised to capitalize on the opportunities presented by the Develin Creek project, furthering its goal of sustainable copper production.