QMines Limited announced that its planned 1,814km airborne (helicopter) electromagnetic (EM) survey has commenced at the Company's Mt Chalmers Copper and Gold Project, located 17km north-east of Rockhampton, Queensland. Subject to weather or other unforeseen events, the survey is expected to be completed in early February 2023. The survey involves a helicopter flying during daylight hours at a nominal helicopter height of approximately 82m and loop height of 35m above ground level.

Survey lines shall be flown in a north south (0-180) line direction, with lines expected to be approximately 100m apart. To date, the survey is approximately 8% complete with recent rain conditions expected to clear. The data acquired from this survey will assist QMines to map the extent of geological features such as rocks, faults, soil types and landforms at Mt Chalmers.

Next: Updated metallurgical testwork for the Mt Chalmers deposit; Delivery of a pit optimisation study leading to the announcement of a maiden ore reserve statement; Complete the planned Scoping Study on the Mt Chalmers project assessing the potential for a stand along mining operation; Complete the current VTEMTM Max airborne Electromagnetic survey allowing the analysis, ranking and drilling of new anomalies; and Commence drilling prospective regional targets.