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The latest update is out from QMines Ltd. ( (AU:QML) ).
QMines Limited has issued a clarification regarding its previous announcement about the ongoing feasibility study at its Sulphide City project. The company retracted statements that could be interpreted as production targets, emphasizing that these were aspirational throughput parameters. QMines is focusing on the results of ongoing studies at its Mt Chalmers, Develin Creek, and Mt Mackenzie projects, which are seen as upcoming milestones.
More about QMines Ltd.
QMines Limited (ASX:QML) is a Queensland-focused copper and gold exploration and development company. The company owns 100% of the Mt Chalmers and Develin Creek deposits, which are located within 90km of Rockhampton in Queensland. QMines aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 1,110,020
Technical Sentiment Signal: Hold
Current Market Cap: A$26.44M
For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.
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