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QMines Ltd. ( (AU:QML) ) just unveiled an update.
QMines Limited has issued 19,062,290 fully paid ordinary shares at $0.055 each, under the exemption provided by section 708A(5) of the Corporations Act 2001. The company is actively engaged in exploration and drilling programs at its Mount Mackenzie project and is awaiting assay results from its Devlin Creek drill program. These activities are part of QMines’ strategy to expand its resource base and enhance 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, which are located near Rockhampton, Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 1,747,365
Technical Sentiment Signal: Hold
Current Market Cap: A$34.33M
Find detailed analytics on QML stock on TipRanks’ Stock Analysis page.