Highlights

  • Magnetic reprocessing outlines a 1.5 km magnetite-destruction corridor linked to gold zones.
  • Five near-surface targets identified within MDL 2008 showing key structural alignment.
  • Clive Creek data indicates continuation of the broader magmatic-hydrothermal corridor.

QMines Limited (ASX:QML) has completed a detailed reinterpretation of high-resolution magnetic datasets covering the Mount Mackenzie Gold Project (MDL 2008) and the adjacent Clive Creek Project (EPM 10006). The projects lie roughly 130 km northwest of Rockhampton in central Queensland.

The reprocessed datasets support an interpretation that Mount Mackenzie mineralisation is part of a regionally extensive magmatic-hydrothermal system aligned with the Connors–Auburn Arc. Geological and geophysical characteristics observed in the area are consistent with high-sulphidation epithermal gold-silver systems.

Data Reprocessing and Target Definition

The analysis incorporates both ground magnetic surveys from 2005 and heliborne magnetic surveys collected in 2008. Mitre Geophysics was engaged to clean grid and reprocess the historical data, which had not previously undergone full refinement.

Outputs from the reprocessing highlight a 1.5 km magnetite-destruction corridor coincident with existing gold-silver mineralisation. Five near-surface targets have been interpreted within MDL 2008, all displaying magnetic, structural or alteration features comparable to known mineralised horizons at Mount Mackenzie. Two of these targets are positioned along the core and southern extensions of the interpreted hydrothermal up-flow zone, indicating potential for further evaluation of oxide and transitional gold zones.

Key Target Areas

The Northern Pit Corridor shows a subtle reduced-to-pole magnetic low associated with advanced argillic alteration, reflecting magnetite removal from hydrothermal processes. The Southern Corridor Extension displays continuation of the demagnetised zone beyond the current resource footprint, with structural inflections suggesting possible relay features.

Other targets include an eastern magnetic ridge interpreted as a subvolcanic intrusive or lava body, a cross-fault relay zone marked by intersecting magnetic gradients, and a broad western magnetic low interpreted as a lithocap-style alteration zone.

Clive Creek Corridor Continuation

Magnetic data from Clive Creek reveal a subdued but coherent NNW–SSE structural grain that aligns with the Mount Mackenzie corridor. Narrow magnetic lows and highs correspond with volcanic–intrusive contacts and potential alteration zones. Early interpretation suggests the district may represent an extended expression of the same magmatic-hydrothermal framework.

Planned activities at Clive Creek include reconnaissance mapping, alteration logging and geochemical sampling across key magnetic gradients and intrusive margins to assess alteration continuity. Results from this work will guide any further ground geophysics or drilling requirements.

Share Performance of QML

QML’s shares were trading 1.851% higher at AUD 0.055 per share at the time of writing 07 November 2025.