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QMines Ltd. ( (AU:QML) ) has shared an announcement.
QMines Limited has initiated a significant 10,000m drilling program at its Develin Creek and Mt Chalmers copper projects after securing $6 million in capital. The program, comprising diamond and reverse circulation drilling, aims to extend existing high-grade deposits and improve mineral resource estimates, with resource updates and a pre-feasibility study expected to enhance the Mt Chalmers mine plan.
More about QMines Ltd.
QMines Limited is a Queensland-based exploration and development company focused on copper and gold projects. The company owns 100% of two advanced copper and gold projects near Rockhampton, including the Develin Creek and Mt Chalmers projects.
YTD Price Performance: -6.67%
Average Trading Volume: 104,859
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €12.17M
See more insights into QML stock on TipRanks’ Stock Analysis page.