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QMines Ltd. ( (AU:QML) ) has shared an announcement.
QMines Limited has retracted its previously announced production targets for the Mount Chalmers project, clarifying that the statements were aspirational and not compliant with ASX Listing Rule 5.16. The company advises investors not to rely on these figures for investment decisions, as they are based on internal test work and are conceptual in nature. The statement regarding potential reductions in capital and operational expenditures is also aspirational, pending a pre-feasibility study scheduled for release in the first half of 2026.
More about QMines Ltd.
QMines Limited is a Queensland-focused copper and gold exploration and development company. It owns 100% of the Mt Chalmers and Develin Creek deposits, which are located near Rockhampton in Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 683,415
Technical Sentiment Signal: Sell
Current Market Cap: A$17.27M
For detailed information about QML stock, go to TipRanks’ Stock Analysis page.