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The latest update is out from QMines Ltd. ( (AU:QML) ).
QMines Limited announced promising initial drilling results from its Mount Mackenzie project, confirming high-grade gold and silver mineralization consistent with the high-sulphidation epithermal model. With 19 holes completed and significant grades reported, the results validate the quality of the resource and its potential for expansion. The company has ramped up exploration efforts by adding a third rig and anticipates further resource growth, which aligns with its strategy to enhance the scale and profitability of its central Queensland hub. This development is expected to bolster mine life and project economics, delivering long-term value for shareholders.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.06 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 Limited is an Australian exploration and development company focused on multi-project initiatives within the Connors Magmatic Arc of the New England Fold Belt, a mineral-rich region in Eastern Australia. The company aims to consolidate regional feed sources for its planned Mt Chalmers central processing hub through projects like the Mount Mackenzie gold and silver deposit.
Average Trading Volume: 1,758,296
Technical Sentiment Signal: Sell
Current Market Cap: A$31.1M
For detailed information about QML stock, go to TipRanks’ Stock Analysis page.