Driven By Discovery
Queensland Critical Minerals Limited
Queensland Critical Minerals Limited
Driving the Transition to a Sustainable Future with Innovative Exploration and Development Strategies
Queensland Critical Minerals Limited
Pioneering Sustainable Exploration and Development for a Cleaner Future
Queensland Critical Minerals Limited
Exploring and developing the critical minerals of tomorrow for a sustainable future today

Queensland Critical Minerals Limited (QCM) has recently signed an exclusive option agreement with QMines Limited (ASX:QML) for the divestment of its non-core gold and base metal exploration projects located in South East Queensland. These projects include Silverwood, Warroo, and Herries Range.

Under the terms of the option agreement, QCM will pay an option fee of $22,173.81 to QMines, which provides the right to purchase a 100% interest in the projects within the 12-month option term. The option can be exercised by QCML, by paying QMines $100,000 in cash and $375,000 in shares upon a planned listing on the ASX. During the option period, QCML will also be responsible for paying all rents, rates, and outgoings on the Tenements.

This agreement aligns with QCML's vision to become a key player in the critical minerals sector, as the company seeks to acquire and develop projects with the potential to supply the growing demand for these essential materials. The divestment of these non-core exploration projects will allow QCML to focus on its core strategy, which includes the exploration and development of critical mineral resources.

QCM is excited to collaborate with QMines, a company that shares its commitment to developing sustainable and ethical exploration and mining practices. QCML looks forward to the potential of the Silverwood, Warroo, and Herries Range projects and will work to unlock their full potential if the option is exercised.