Page 3 - Mount Chalmers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SPRINGING TO LIFE A long-dormant gold and copper mine outside Rockhampton looks set to spring to life again later this year thanks to the efforts of a newly-formed resources explorer. Planning to take advantage of soaring commodity prices, an outfit called QMines will lodge IPO prospectus documents this week to raise between $10m and $20m to start digging the stuff up at Mount Chalmers. Shares will be priced at just 30 cents each. The company is the brainchild of Sydney-based bizoid Andrew Sparke, who also runs boutique investment house Olive Capital. He teamed up last August to form QMi...

Premium Content Subscriber only Near-record gold prices are triggering a rethink on the viability of Central Queensland’s long-dormant gold mines with mineral exploration activity anticipated to begin at the Mount Chalmers mine site within months. Hot on the heels of November’s news that Heritage Minerals’ $60 million Mount Morgan gold recovery project could be reactivated before the end of 2021, Australian based exploration and development company QMines Limited has revealed its exciting plans for the Mt Chalmers project. Mount Chalmers Tenement is located 17km northeast of the city...