Big Hill Gold Property

Big Hill Gold Property Queensland Australia

Gold Prospectivity of the Big Hill project area is currently defined by:

Shallow historic high grade mine and alluvial workings
coincident surface geochemical anomalism and corresponding magnetic responses
favorable geological domain and structural setting.

The Big Hill Gold Project (EPM 18255 & EPM 27507) covers a number of historic mines including of Big Hill, Queenslander, Monte Cristo and Sultan & Taylor of the Talgai Goldfields. This is one of eight historical Goldfields in the broader Warwick-Texas District active in the late 19th century, which include Canal Creek, Thanes Creek, Leyburn, Palgrave, Pikedale, Lucky Valley and MacDonald Goldfields.

These supported both alluvial and reef mining, with the Queenslander Mine distinguishing itself as the first lode gold mine in the state of Queensland with a total production of 4.1Koz of gold at an average grade of 50g/t with some early crushings reported up to 4000g/t.

Exploration Model

The exploration model for the Big Hill project is a high grade, shear hosted, orogenic gold system. This type of lode gold system is associated with continental margin accretionary orogens (oceanic-continental) typically occurring in terranes dominated by turbiditic (meta- sedimentary) rocks and are commonly associated with second- and third-order faults and shear zones resulting in moderately to steeply plunging, tabular to pipe-like orebodies.

Production records from historical mining activities show the vein system has the capacity to host significant high-grade mineralisation along with complex stranded structural architectures capable of creating large mineralised shoots. The vein systems remain open at depth below the historical workings as well as along strike and remain untested by drilling.

The historic mines of Big Hill and Queenslander are the primary focus of follow-up exploratory work based on their historic production history, favorable geological and structural settings and their location within the granted mining lease ML50287 which is part of EPM18255.

Historic Workings Reports

Discovered in 1863 and mined into the mid 1900’s the gold system on the Big Hill property was targeted in several locations with historical workings. The historic reports, although incomplete show significant grades and ounces produced.

Map of historic mines.

1865 to 1939 producing 6,791 Oz from 6,758 Tons. With the highest grade crushings of 12t @ 7.5 Oz/t (232g/t).

1863 to 1938 with records after 1904 of 2,121 Oz from 540 Tons. Production pre 1887 unreported with the exception of the highest grade mined from the 50ft level at 444 Oz/t (13,764 g/t).

Queensland has a rich history of gold discovery and production dating back to the golds rushes in the late 1800’s to the modern production facilities operational today. Queensland has many prolific gold provinces in the state that is almost 3 times the size of Texas and 8 times the size of Victoria.

1864 to 1933 1,294 Oz from 271.5t crushed Reports indicate that a reasonable amount of material may have been hand picked.

Qualified Person Disclosure
The technical information on this website has been prepared in accordance with the regulatory requirements set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has been reviewed and approved by Neil McCallum, B.Sc., P.Geol., Vice President Exploration and Director of Q2 Metals Corp. Mr. McCallum is a Qualified Person as defined by NI 43-101, a registered permit holder with the Ordre des Géologues du Québec, and a member in good standing with the Professional Geoscientists of Ontario.

MRE Disclaimer
Mineral Resources were prepared in accordance with National Instrument 43-101 – Standards for Disclosure of Mineral Projects (“NI 43-101”) and the CIM Definition Standards (2014). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral resource estimates may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The independent Qualified Person (QP) as defined by NI 43-101 for this estimate is Todd McCracken, P.Geo., Director – Mining & Geology – Central Canada, BBA. The Effective Date of the estimate is April 20, 2026. Both underground and open-pit conceptual mining shapes were applied as constraints to demonstrate reasonable prospects for eventual economic extraction. Cut-off grades for open-pit constrained resources are 0.40% Li₂O, and for underground constrained resources are 0.70% Li₂O. Open-pit and underground Mineral Resource constraints are based on a spodumene concentrate price of US$1,500/tonne (6% basis FOB Bécancour) and an exchange rate of 0.70 USD/CAD.

Exploration Target Disclaimer
The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43-101, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

Ranking Footnotes
¹ Canaccord Genuity Capital Markets Research Report – April 21, 2026.
² Canaccord Genuity Capital Markets Australian Equity Research – 3 December 2025.

Readers are cautioned that this website includes references to analyses prepared by third parties, which are subject to important qualifications, assumptions, and exclusions. To fully understand such analyses, the applicable third-party reports should be read in their entirety.

Forward-Looking Statements
This website contains forward-looking statements within the meaning of applicable Canadian securities legislation. These “forward-looking information” are based on the expectations, estimates and projections of the Company as at the date of this website and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking information. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, management’s view”, “anticipates” or “does not anticipate”, “expects”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. Forward-looking statements include, but are not limited to, statements regarding the the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the demand and supply of lithium; the ability of the Cisco Project being one of the largest lithium deposits globally;; the results and assumptions underlying the mineral resource estimates on the Cisco Project; the results (if any) of further exploration work to define and expand mineral resources; the ability of exploration work (including drilling) to accurately predict mineralization; the ability to generate additional drill targets; the ability of management to understand the geology and potential of the Company’s properties; the ability of the Company to expand mineral resources beyond current mineral resource estimates; category conversion; the timing and status of permitting; the expectation that the Company’s projects will be a robust operation and profitable at a variety of prices and assumptions; the potential impact of the Company’s projects in local communities and the social acceptability of the projects; sustainability and environmental impacts of operations at the Company’s properties; the ability of the Company to complete its exploration and development objectives for its projects in the timing contemplated and within expected costs (if at all), including the timing and ability of the Company; future mining activities; the Company’s exploration plans, expected exploration results, and the anticipated timing of the Preliminary Economic Assessment. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; the Company’s history of losses and negative cash flow; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this website are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this website, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company does not undertake any obligation to update forward-looking information, except as required by applicable law.

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