QMines Advances Queensland Copper-Gold Portfolio with Strong Drill Results and Fresh Funding

QMines Ltd. ( (AU:QML) ) has shared an announcement.

QMines advanced its Central Queensland exploration portfolio in the December 2025 quarter, progressing maiden multi-rig drilling at the high-grade Mount Mackenzie gold and silver project and completing the 2025 drilling program at the Develin Creek copper and zinc project. At Mount Mackenzie, the company drilled 17 reverse circulation and three diamond holes for 2,640 metres of an initial 5,000-metre program, returning broad intervals of high-grade gold and silver mineralisation consistent with a high sulphidation epithermal system, laying the groundwork for follow-up work in 2026. At Develin Creek, four RC and two diamond holes were completed for 1,139 metres, with assays confirming multiple zones of high-grade copper-equivalent mineralisation and improving geological continuity within the Sulphide City system, supporting the potential for resource growth. The quarter also saw QMines strengthen its balance sheet through a strongly supported A$7.5 million placement and a fully underwritten A$1.5 million share purchase plan, providing funding to continue its multi-asset exploration strategy and enhance the development prospects of its key copper and gold assets.

The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.

More about QMines Ltd.

QMines Limited is an ASX-listed exploration company focused on advancing a portfolio of copper, gold, silver and zinc projects in Central Queensland, including the high-grade Mount Mackenzie Gold and Silver Project and the Develin Creek Copper and Zinc Project.

Average Trading Volume: 2,374,540

Technical Sentiment Signal: Buy

Current Market Cap: A$40.86M

For detailed information about QML stock, go to TipRanks’ Stock Analysis page.