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The latest update is out from QMines Ltd. ( (AU:QML) ).
QMines Ltd. has announced the acquisition of the high-grade Mount Mackenzie Gold and Silver Project in central Queensland, which will enhance its resource base by approximately 129,000 ounces of gold and 862,000 ounces of silver. This acquisition supports QMines’ strategy to expand its critical minerals portfolio and includes a planned maiden drilling program to verify and expand existing resources. The acquisition is valued at $2.485 million, with significant shareholder support, and is expected to bolster QMines’ position in the mining sector.
More about QMines Ltd.
QMines Ltd. operates in the mining industry, focusing on the exploration and development of critical minerals, including copper, gold, and silver. The company is strategically positioned in Australia, aiming to build a multi-asset portfolio in one of the country’s most promising mining regions.
Average Trading Volume: 535,106
Technical Sentiment Signal: Sell
Current Market Cap: A$15.54M
For an in-depth examination of QML stock, go to TipRanks’ Overview page.