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QEM Limited (ASX:QEM)

ALERT: Price-sensitive ASX Announcement for QEM
Current share price for QEM : $0.015 -0.005 (-25%)+
Announcement
Release
26 Aug 2026 8:41AM
Price at Release
$0.020
Full Release
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Summary
QEM Limited announced the completion of a detailed review of historical geological, mining, and exploration data for the Big It Tungsten Project in northern Idaho, USA. This follows their acquisition of Freshwater Metals Pty Ltd, which owns the Big It and Columbite projects. The Big It Project, a past producer of tungsten, has significant potential for expansion, with historical records indicating high-grade tungsten concentrations and additional oreshoots confirmed by U.S. Government exploration. The project includes extensive historical underground development, providing early access with reduced costs. QEM plans to conduct a staged exploration program to verify and define priority drill targets and assess possible extensions of the mineralized system. Tungsten prices are elevated, driven by demand across various industries, and the U.S. is actively seeking to rebuild its tungsten supply chain.
Key Points
  • QEM Limited completed a detailed review of the Big It Tungsten Project.
  • The project is located in northern Idaho, USA, and has historical high-grade tungsten production.
  • QEM acquired Freshwater Metals Pty Ltd, the owner of the Big It and Columbite projects.
  • Historical data reveals significant expansion opportunities with untested depth and strike potential.
  • The project benefits from extensive historical underground development, offering early access.
  • QEM plans a staged exploration program to verify and define drill targets.
  • Tungsten prices are high, and the U.S. is working to rebuild its supply chain.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.