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The latest update is out from QMines Ltd. ( (AU:QML) ).
QMines has reset its development strategy for the flagship Mt Chalmers copper–gold project, adopting a single-asset, expandable 1 million tonne per annum phased development plan that prioritises rapid first production, early cashflow and reduced execution risk. Building on a 2024 Pre-Feasibility Study that outlined a low-cost, high-margin operation with a 10.4-year mine life, strong cashflow and robust returns, the company is moving toward a Definitive Feasibility Study under materially improved market conditions, including higher copper, gold and silver prices and lower treatment and refining charges, setting up a clearer approvals pathway and multiple value inflection points for shareholders.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.
More about QMines Ltd.
QMines Ltd is an Australian-listed resources company focused on developing the Mt Chalmers copper–gold project in Queensland. The company targets copper-dominant assets with strong secondary gold credits, positioning itself to benefit from electrification and energy transition trends while leveraging diversified revenue streams in a supportive metals price environment.
Average Trading Volume: 2,343,220
Technical Sentiment Signal: Buy
Current Market Cap: A$42.14M
For detailed information about QML stock, go to TipRanks’ Stock Analysis page.