QEM Limited
successfully completed the acquisition of two critical mineral exploration projects in Idaho, USA, during the September quarter ending 30 September 2026, establishing a new US exploration base with documented historical mineralisation of tungsten, antimony, gold, and rare metals.
Key Highlights
- August acquisition of Big It and Garden Valley projects in Idaho finalized through issuance of 6,666,667 QEM shares valued at $300,000, plus an additional 666,667 shares as an introduction fee
- Technical assessment of Big It confirms historical tungsten production with concentrates grading between 67275% WO83, alongside historical samples showing up to 19.5% antimony and 11.15g/t gold
- Garden Valley evaluation reveals multiple rare-metal targets across historically mineralised pegmatites including Vaught-Peck, Bowman, Mirandeborde, and Mica Dome
- Approximately 380 metres of historical underground workings identified at Big It, with mineralised zones largely unexplored at depth and along strike
- Third environmental water-monitoring campaign conducted at Julia Creek project in Queensland during the quarter
Details of Idaho Acquisition and Structure
In August, QEM completed th...