QMines Limited has completed its acquisition of the Mt Mackenzie Gold and Silver Project, adding a high‐grade, advanced-stage asset to its portfolio in Central Queensland. The project, located near the Company’s existing Mt Chalmers and Develin Creek developments, boasts a JORC 2012 Mineral Resource estimated at 3.4 million tonnes with an average grade of 1.18 grams per tonne gold and 9 grams per tonne silver. With three advanced-stage copper and gold projects now held entirely by QMines Limited, the acquisition reinforces the Company’s strategy of building a hub-and-spoke development model while expanding its exposure to precious metals. The transaction was valued at $2.485 million and was structured with $1 million in cash—comprising an upfront deposit of $100,000 and a further $900,000 on completion—along with the issue of 33 million Company shares at a deemed price of $0.045 per share, subject to a 12-month voluntary escrow period. The cash component was supported by prior convertible note arrangements, and Resources & Energy Group, the former owner of the Mt Mackenzie project, now holds approximately 7% of QMines Limited, ensuring continued exposure to the asset’s future upside. The Company is also preparing its maiden drilling program at Mt Mackenzie, with further details to be released in due course. Executive Chairman Andrew Sparke highlighted the strategic importance of the acquisition, emphasizing how the integration of Mt Mackenzie solidifies the Company’s long-term vision to establish a sustainable, multi-asset copper and gold operation in the region. The move is expected to drive increased production scale, extend mine life, and ultimately enhance shareholder value. Technical details from the announcement underline the solid foundation of QMines Limited’s asset portfolio. Alongside established projects like Mt Chalmers—which has demonstrated proven and probable ore reserves—and Develin Creek, the addition of Mt Mackenzie with its defined indicated and inferred resources provides a robust development pipeline. The technical parameters, including cut-off grades of 0.35 to 0.55 g/t gold for oxide and primary zones, further support the potential of these assets. Market sentiment appears mixed. On the bullish side, the acquisition significantly expands QMines Limited’s resource base and strengthens its development strategy, a move that could drive production growth and enhance the Company's long-term value proposition. The alignment with experienced industry partners and the infusion of additional high-quality projects contribute to a positive outlook. Conversely, there remain inherent risks tied to exploration outcomes and market volatility, which are key considerations for beginner traders evaluating potential investment opportunities. Overall, QMines Limited’s strategic acquisition and commitment to advancing its drilling programs reflect its intent to consolidate a leading position in the copper and gold sector, presenting both exciting opportunities and measured challenges for the company’s future growth.