QMines Limited has appointed BurnVoir Corporate Finance as financial adviser to structure a development funding package for the Mt Chalmers copper and gold project near Rockhampton in Central Queensland.

The agreed arrangement tasks BurnVoir with securing a capital structure aimed at delivering a competitive cost of capital, maintaining schedule flexibility, and minimising equity dilution for shareholders. The financing strategy will run in parallel with ongoing Definitive Feasibility Study workstreams designed to accelerate the timeline toward a Final Investment Decision.

“We are delighted to announce this engagement with BurnVoir. BurnVoir has a strong track record of arranging funding for high quality development projects such as Mt Chalmers. The BurnVoir team will become an integral part of the QMines team through this next phase.”

“BurnVoirs' appointment reflects a significant milestone in QMines' mission to become Australia's next copper and gold producer. The financing strategy will run in parallel with Definitive Feasibility Study workstreams, which will assist to compress the timeline to a Final Investment Decision.”

— Andrew Sparke, Chairman and Managing Director

The development effort follows a $15 million strategic investment secured in April 2026 from the Queensland Investment Corporation Critical Minerals Fund to support Definitive Feasibility Study workstreams at the site.

The project encompasses a total Ore Reserve of 9.6 million tonnes at 0.65% copper, 0.48 g/t gold, 0.27% zinc, 5.20 g/t silver and 4.3% sulphur. This reserve sits within a broader combined resource base of approximately 20 million tonnes across QMines’ portfolio, which has expanded from a combined resource of 15.1 million tonnes reported in July 2024 following resource updates across the Mt Chalmers, Develin Creek and Mt Mackenzie projects.

Work across the property continues on multiple fronts. QMines has assay results pending from seven further drill holes as part of an ongoing 10,000-metre drilling campaign, while technical teams advance feasibility studies in parallel with the newly established financial advisory mandate.

Read the full announcement: BurnVoir Appointed Financial Adviser for Mt Chalmers