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QMines Ltd. ( (AU:QML) ) has provided an announcement.
QMines Limited has completed the acquisition of the Mt Mackenzie Gold and Silver Project by issuing 33,000,000 shares. The company is actively engaged in exploration and drill programs at its Develin Creek and Mt Chalmers projects, with assay results pending. This acquisition and ongoing exploration efforts are part of QMines’ strategy to enhance its resource base and strengthen its position in the copper and gold industry.
More about QMines Ltd.
QMines Limited is a Queensland-focused copper and gold development company. It owns 100% of the Mt Chalmers and Develin Creek deposits, both located near Rockhampton, Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 829,618
Technical Sentiment Signal: Hold
Current Market Cap: A$21.12M
For an in-depth examination of QML stock, go to TipRanks’ Overview page.