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QMines Ltd. ( (AU:QML) ) has shared an update.
QMines Ltd. has announced a significant increase in optimized material from its Scorpion-Window open pit at the Develin Creek project, with a confirmed production target of 930,000 tonnes at a copper equivalent grade of 1.73%. This optimization supports the company’s strategy to enhance its processing capabilities at Mount Chalmers and positions QMines as a key player in the regional mining sector. The increase in material and high metallurgical recoveries bolster QMines’ vision of evolving into a substantial copper and gold operation in central Queensland, with a revised pre-feasibility study expected by the second half of 2026.
More about QMines Ltd.
QMines Ltd. operates in the mining industry, focusing on copper and gold production. The company is working on developing a centralized processing hub at Mount Chalmers in central Queensland, Australia. It owns several projects, including Develin Creek, which is a Volcanic Massive Sulphide system, and aims to become a low-cost, long-life copper and gold producer.
Average Trading Volume: 1,122,133
Technical Sentiment Signal: Hold
Current Market Cap: A$25.5M
See more data about QML stock on TipRanks’ Stock Analysis page.