Updated Resource Estimate for Develin Creek now totals 4.2Mt @...

Updated Resource Estimate for Develin Creek now totals 4.2Mt @ 1.07% Cu, 1.16% Zn,
0.15g/t Au & 6.0g/t Ag with resource increased by 1Mt.

• 42% increase in Indicated resources, now accounting for 70% of the mineral resource,
providing greater confidence for future mine planning.

• Following this upgrade, open pit optimisation studies have now commenced for the
Scorpion and Window deposits;

• A large 10,000m drilling program has also commenced which aims to grow and confirm the
Sulphide City deposit and extend Scorpion and Window; and

• Develin Creek is now a key part of QMines’ growth, with potential integration into the Mt
Chalmers mine plan to extend mine life and boost economics.