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QMines Ltd. ( (AU:QML) ) has provided an update.
QMines Ltd. has announced significant advancements in its Mount Chalmers project, with plans to increase mining throughput from 1Mtpa to 2Mtpa and concentrate production from 190,000tpa to 482,000tpa. The company has achieved improved metal recoveries through bulk flotation test work, supporting a larger and more efficient plant design. This development aligns with QMines’ strategy to create a centralized processing hub in Central Queensland, incorporating materials from both the Mount Chalmers and Develin Creek projects. The updated Pre-Feasibility Study, expected in the first half of 2026, will reflect these changes and their impact on project CAPEX and OPEX.
More about QMines Ltd.
QMines Ltd. operates in the mining industry, focusing on the extraction and processing of critical minerals. The company is primarily involved in projects located in Central Queensland, including the Mount Chalmers and Develin Creek projects. Its market focus is on developing a centralized processing hub to enhance mining throughput and metal recovery.
Average Trading Volume: 680,212
Technical Sentiment Signal: Sell
Current Market Cap: A$18.57M
For detailed information about QML stock, go to TipRanks’ Stock Analysis page.