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QMines Limited (ASX: QML) Acquires Mount Mackenzie Gold and Silver Project

Wed 16 Apr 25, 12:42 AM | Team Kalkine

Image  source: Shutterstock

Highlights

QMines Limited (ASX: QML) has announced the acquisition of the Mount Mackenzie Gold and Silver Project from Resources & Energy Group Limited (ASX: REZ), pending shareholder approval. The project, which was previously evaluated in 2020, will significantly enhance QMines' portfolio in Queensland, increasing both the scale and gold and silver endowment of the company’s assets.

The Mount Mackenzie project’s Mineral Resource Estimate (MRE), initially reported by Resources & Energy in May 2020, provides a solid foundation for the acquisition. While QMines has not independently verified the estimates, it considers them reasonable based on the available data. The company does not endorse the estimates at this stage but plans to carry out further exploration and evaluation.

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