QMines Ltd. (AU:QML) has released an update.
QMines Ltd has successfully raised $5 million through a heavily oversubscribed placement, reflecting strong investor confidence in the company’s copper and gold projects at Mt Chalmers and Develin Creek. The capital will expedite exploration, development, and the acquisition of the remaining interest in Develin Creek, in addition to funding general working capital. A significant drilling program is set to begin soon, aiming to expand and infill the known high-grade copper-zinc deposits.
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