TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from QMines Ltd. ( (AU:QML) ).
QMines Limited has issued 81,054,194 fully paid ordinary shares as part of the first tranche of its placement at $0.055 each. This move is in compliance with the Corporations Act 2001, allowing the shares to be sold without disclosure. The company continues its exploration and drilling programs at its Develin Creek and Mt Mackenzie projects, with assay results pending. This issuance supports QMines’ ongoing efforts to advance its projects 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, which are located within 90km of Rockhampton in Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 1,337,349
Technical Sentiment Signal: Buy
Current Market Cap: A$29.75M
Find detailed analytics on QML stock on TipRanks’ Stock Analysis page.