QMines Ltd. (AU:QML) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
QMines Ltd reports a robust Pre-Feasibility Study for its flagship Mt Chalmers project, indicating a maiden Ore Reserve of 9.5Mt, a 10.4-year mine life, and a high Net Present Value of $373m. The company has also identified new electromagnetic anomalies at Artillery Road and acknowledges significant development potential beyond the current mine plan, including a large drilling program at Develin Creek. Additionally, a mining license application for Mt Chalmers has been lodged, with the license number ML100403 now assigned to the project.
For further insights into AU:QML stock, check out TipRanks’ Stock Analysis page.