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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...

Shaw and Partners sends terms for copper play QMines’ float Save Share Here’s a chance for Australian investors to get exposure to surging copper prices, which are up 90 per cent compared to March last year. Queensland copper play QMines is gunning for the ASX.  Louise Kennerley Queensland-based copper play QMines Limited put an initial public offering to fund managers on Wednesday, seeking to raise up to $20 million to fire up the long abandoned Mt Chalmers copper project. The company wants to start drilling at Mt Chalmers – just outside Rockhampton – again, almost thr...