QMines

QMines

CERTIFIED CARBON NEUTRAL WITH 100% AUSTRALIAN CARBON CREDIT UNITS – SUPPORTING AUSTRALIAN OFFSET PROJECTS, OUR COMMUNITIES AND THE LOCAL ENVIRONMENT

QMines Limited (ASX:QML) is a Queensland based copper and gold exploration and development company. The Company owns 100% of four advanced copper and gold projects located in Queensland, Australia. The company’s primary focus is the development of its flagship Mt Chalmers mine, located 17km from Rockhampton in Queensland.

Public Disclosure Statements

Public Disclosure Statement

  • Certification type: Organisation
  • Year: 2020-21
  • Publication date: 13/02/2022

“The Climate Active certification validates the company’s zero carbon vision.”

Type of certification

Organisation.

How long have you been certified carbon neutral?

Since February 2022.

Why did you choose to go carbon neutral?

Since listing on the ASX, QMines had a goal to become a zero carbon copper and gold developer.

QMines is leading the mining and metals industry in the global transition to a low carbon economy. The company has committed to achieving net zero by 2030 and we are acting now to achieve this.

Our flagship Mt Chalmers copper and gold mine is ideally placed to meet increasing demand for zero carbon and ethically sourced copper, driven by the global energy transition towards net zero.

What are the anticipated benefits of your carbon neutral certification? 

The Climate Active certification validates the company’s zero carbon vision. The rigorous audit process and independent nature of the assessment criteria provides legitimacy to the company’s many carbon abatement initiatives.

What offset project do you support?

A fire management project in Queensland. 

Why did you choose this project?

QMines is one of only three ASX listed resource companies to achieve carbon neutrality for its business operations under Climate Active. QMines has sought out high quality emissions offsets in the form of Australian Carbon Credit Units (ACCUs).

In line with our corporate and social responsibility objectives, we have aligned the purchase of offsets to have co-benefits within the region that we operate (namely Queensland).

As such, we have purchased offsets from the Thaa-Nguigarr Carbon Project, which involves strategic and planned burning of savanna areas in the high rainfall zone during the early dry season to reduce the risk of late dry season wildfires.

Some of the potential co-benefits for this project include:

• Cultural benefits: through the use of traditional knowledge that is passed down to younger generations and providing economic opportunities for the local indigenous community.

• Farming benefits: with the potential to improve pastoral productivity by stimulating grass regrowth.

• Property protection: through the reduction in wildfire intensity leading to a decrease in the threat to property, livestock and local infrastructure.

How can consumers and the community support you?

QMines becomes one of only three ASX listed resources company’s to be certified carbon neutral, the community and consumers can support us by sharing the QMines story within their networks and by following our activity.

What else are you doing to reduce emissions?

QMines is acting now to reduce its carbon footprint at its Mt Chalmers mine via the installation of renewable power generation, onsite water and wastewater management systems, use of renewable fuel for drill rigs and vehicles and by procuring goods and services locally. Further initiatives are outlined in the company’s Public Disclosure Statement.

QMines is actively investigating additional options to decarbonise its operations as we transition the Mt Chalmers mine towards development.

What has been the impact of your action?

Some of QMines initial carbon abatement strategies that have been delivered include:

  • initial 35% reduction in electricity consumption onsite through the use of renewable electricity generation;
  • approximately 50% of goods and services are procured locally; and
  • implemented the usage of renewable fuels for exploration drilling which will decrease fossil fuels usage by an initial 20%.

What advice would you give to a business considering certification?

If you are a company serious about sustainability and taking your ESG responsibilities seriously, getting your Climate Active certification is the first step in understanding your businesses carbon footprint so you can develop the appropriate carbon abatement strategies.

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