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Ambitious plan to reactivate mothballed Qld mine


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 QMines with industry veteran Dan Lanskey, who now serves as MD of the operation and previously spent time as chair of troubled resources minnow LWP Technologies in Brisbane. ....

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