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QMines Ltd.
(Sydney:QML)
QMines Ltd. (QML) vs. iShares MSCI Australia ETF (EWA)
QMines Ltd. Business Overview & Revenue Model
QMines Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.23K | 88.23K | 178.21K | 22.17K | 0.00 | 2.51K |
| Gross Profit | 88.23K | 88.23K | 178.21K | 22.17K | -234.62K | -9.05K |
| EBITDA | -2.72M | -2.72M | -2.88M | -5.66M | -2.93M | -1.57M |
| Net Income | -2.94M | -2.94M | -3.37M | -5.70M | -3.17M | -1.58M |
Balance Sheet | ||||||
| Total Assets | 27.91M | 27.91M | 21.49M | 16.39M | 12.79M | 14.38M |
| Cash, Cash Equivalents and Short-Term Investments | 3.50M | 3.50M | 607.79K | 2.29M | 1.03M | 9.05M |
| Total Debt | 1.74M | 1.74M | 1.36M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.61M | 2.61M | 3.41M | 455.11K | 386.80K | 336.67K |
| Stockholders Equity | 25.30M | 25.30M | 18.08M | 15.94M | 12.40M | 14.04M |
Cash Flow | ||||||
| Free Cash Flow | -6.19M | -6.19M | -6.07M | -4.65M | -8.01M | -3.53M |
| Operating Cash Flow | -4.46M | -4.46M | -4.57M | -4.49M | -4.88M | -2.91M |
| Investing Cash Flow | -1.81M | -1.81M | -1.49M | -169.09K | -3.13M | -616.00K |
| Financing Cash Flow | 9.18M | 9.18M | 4.37M | 5.91M | 0.00 | 12.58M |
QMines Ltd. Technical Analysis
QMines Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$232.44M | -65.08 | -21.63% | ― | ― | 86.21% | |
49 Neutral | AU$78.51M | -7.56 | -53.67% | ― | ― | ― | |
46 Neutral | AU$37.03M | -6.90 | -13.83% | ― | ― | 48.47% | |
46 Neutral | AU$43.86M | -22.11 | -12.26% | ― | ― | 26.92% | |
45 Neutral | AU$42.30M | -33.08 | -5.63% | ― | ― | 43.48% | |
42 Neutral | AU$8.83M | -4.00 | -53.65% | ― | ― | -66.67% |
QMines Ltd. Corporate Events
QMines has reported further high-grade gold and silver intercepts from its maiden reverse circulation drilling campaign at the Mount Mackenzie project, with 22 of 36 planned holes completed for 3,240 metres of a 5,000-metre program. The latest assays from 12 holes at the North Knoll deposit show multiple shallow, broad zones of mineralisation with stacked, high-grade shoots, and confirm the presence of a deeper continuous gold-silver zone that extends below previously known mineralisation and remains open along strike and at depth. These results support the interpretation of a robust high-sulphidation epithermal system considered amenable to open-pit mining, reinforcing the continuity and growth potential of the resource and bolstering geological confidence for future mine design and optimisation studies as drilling continues with multiple rigs on site and further assays pending.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.
QMines Limited has disclosed a change in director Andrew Sparke’s indirect holdings following the conversion and issuance of securities tied to his various investment vehicles. Sparke, through Turkey Investments Pty Ltd, Olive Capital Pty Ltd and Sparkle AS Investments Pty Ltd, saw 950,000 performance rights convert into fully paid ordinary shares and was granted a further 17 million performance rights, increasing Turkey’s holdings to 28.44 million shares and 17.95 million performance rights; the changes stem from the achievement of vesting conditions and shareholder-approved performance rights issued at the company’s November 2025 annual meeting, signalling ongoing equity-based alignment of the director’s interests with company performance.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.
QMines Ltd has issued 37 million unquoted performance rights under its employee incentive scheme, with the new securities not intended to be quoted on the ASX. The move increases the company’s pool of unquoted equity-linked remuneration, aligning staff and management incentives with shareholder outcomes and signalling a continued focus on retaining and motivating key personnel through performance-based rewards.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.
QMINES Limited has applied to the ASX for quotation of 1.5 million new fully paid ordinary shares, issued on 8 January 2026 as consideration for services provided to the company. The issuance, disclosed via an Appendix 2A filing, slightly expands the company’s share base and indicates the use of equity-based compensation arrangements, which can help preserve cash while potentially diluting existing shareholders by a modest amount.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.
QMINES Limited has applied to the Australian Securities Exchange for quotation of 2,250,000 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The additional shares, issued on 5 January 2026, will increase the company’s quoted capital base on the ASX, potentially enhancing liquidity for shareholders and modestly diluting existing holdings as the new securities commence trading.
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.
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.
QMines Limited has issued 8,490,155 fully paid ordinary shares at $0.055 each, utilizing an exemption under the Corporations Act 2001. The company is actively engaged in exploration and drilling at its Mount Mackenzie project and is considering acquiring an additional project. This strategic move could enhance its resource base and strengthen its position in the copper and gold industry.
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.
QMines Limited has announced the issuance of 1,000,000 unlisted options, exercisable at $0.0825 and expiring on December 15, 2028. This strategic move is likely to impact the company’s financial structure and could enhance its market positioning by potentially increasing capital through future option exercises.
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.
QMines Ltd. has announced the issuance of 20 million unlisted options, exercisable at $0.0825 and expiring on December 15, 2028. This strategic move is expected to strengthen the company’s financial position and provide additional capital for its ongoing mining projects, potentially impacting its market presence and stakeholder interests positively.
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.
QMines Limited has announced the issuance of 10,000,000 unlisted options, exercisable at $0.0825 and expiring on December 15, 2028. This move, part of a previously announced transaction, reflects QMines’ ongoing efforts to manage its equity securities strategically, potentially impacting its financial structure and stakeholder interests.
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.
QMines Ltd. has announced the quotation of 8,210,437 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, which is expected to bolster the company’s financial standing and potentially enhance its market presence. The issuance of these securities reflects QMines Ltd.’s ongoing efforts to strengthen its capital base and support its strategic growth initiatives.
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.
QMines Limited, a company listed on the Australian Securities Exchange under the ticker QML, announced that all resolutions presented at its Annual General Meeting were passed by a poll. The resolutions included the adoption of the remuneration report, re-election of directors, ratification of prior issues, and the granting of performance rights, among others. The successful passing of these resolutions reflects shareholder support and could impact the company’s governance and operational strategies moving forward.
QMines Limited has issued 19,062,290 fully paid ordinary shares at $0.055 each, under the exemption provided by section 708A(5) of the Corporations Act 2001. The company is actively engaged in exploration and drilling programs at its Mount Mackenzie project and is awaiting assay results from its Devlin Creek drill program. These activities are part of QMines’ strategy to expand its resource base and enhance its position in the copper and gold industry.
QMines Ltd. has announced the successful completion of its 2025 drilling program at the Sulphide City deposit, part of the Develin Creek copper-zinc project. The program, which included 46 holes totaling over 8,800 meters, confirmed multiple zones of high-grade copper-zinc-gold-silver mineralization. These results bolster the company’s confidence in the potential of Develin Creek as a cornerstone asset, with ongoing resource modeling and optimization studies set to feed into an integrated development plan. The drilling results highlight the potential for resource growth and mine-life extensions, positioning QMines for an expanded, multi-asset mine plan and an updated Pre-Feasibility Study by the second half of 2026.
QMines Limited has released raw data assay maps for soil sample results that highlight extensive gold-silver anomalies at the Mt Mackenzie site. This announcement underscores the potential of Mt Mackenzie, which could significantly impact the company’s operations and strengthen its position in the mining sector.
QMines Limited has announced the application for quotation of 19,062,290 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 14, 2025. This move is part of a previously announced transaction, indicating the company’s efforts to enhance its financial standing and operational capacity, potentially impacting its market position and stakeholder interests.
QMines Limited announced the results of its recent Share Purchase Plan (SPP), which raised over $1 million to fund exploration at its Mount Mackenzie gold and silver project. The SPP was fully underwritten by Global ESG Investments Limited, and the new shares are expected to start trading on November 17, 2025. This funding will support QMines’ strategic focus on expanding its high-grade mineral projects, potentially enhancing its market position and offering growth opportunities for stakeholders.
QMines Ltd. has released a report confirming compliance with the JORC 2012 Mineral Code for its projects, including Mt Chalmers, Develin Creek, and Mt Mackenzie. The announcement highlights the company’s commitment to transparency and accuracy in reporting exploration results, which may enhance its industry positioning and stakeholder confidence.
QMines Ltd. has announced significant advancements in its Mount Mackenzie Gold Project through the reprocessing and statistical analysis of historical soil samples. This effort has identified multiple gold-silver-arsenic anomalies, suggesting a large, integrated hydrothermal system with several new drill-ready targets. The company’s ongoing multi-rig drilling program aims to test these targets, potentially expanding the known mineralized footprint and enhancing its geological model.
QMines Ltd. has identified several large gold targets at the Mount Mackenzie Gold Project through the reprocessing of high-resolution magnetic data. This data has delineated a 1.5 km-long magnetite-destruction corridor coinciding with known gold-silver mineralization, suggesting potential for resource expansion. The company has commenced a dual-rig drilling program to test these targets and further explore the geological framework. This development could significantly enhance the project’s scale and geological understanding, potentially impacting QMines’ market positioning and offering promising implications for stakeholders.
QMines Limited has reminded its shareholders of the opportunity to participate in its Share Purchase Plan (SPP), allowing them to purchase up to $30,000 worth of shares at $0.055 per share without incurring brokerage or transaction costs. The funds raised through this plan, along with those from a recent placement, will be used to further explore the company’s Mount Mackenzie gold and silver project and for general working capital. This initiative is part of QMines’ strategy to enhance its exploration activities and strengthen its financial position.
QMines Limited has completed the acquisition of the Mt Mackenzie Gold-Silver Project, enhancing its resource base with an upgraded Mineral Resource Estimate. The company also reported successful drilling results at the Develin Creek Copper-Zinc Project, confirming high-grade copper and zinc intersections. These developments, along with a strengthened financial position from a $7.5 million placement and a $1.5 million share purchase plan, support QMines’ strategy to establish a long-life copper and gold operation.
QMines Ltd. announced an update to their previous statement regarding the extension of their Share Purchase Plan. This update involves a proposed issue of securities, which is part of their strategy to raise capital and support ongoing operations. The extension of the Share Purchase Plan is expected to provide additional opportunities for stakeholders to invest in the company, potentially strengthening its financial position and market presence.
QMines Limited has extended the closing date of its Share Purchase Plan (SPP) to November 7, 2025, allowing more time for eligible shareholders in Australia and New Zealand to participate. This extension provides shareholders the opportunity to apply for up to A$30,000 worth of shares without incurring brokerage or transaction costs, potentially impacting the company’s capital structure and enhancing shareholder engagement.
QMines Ltd. has announced its 2025 Annual General Meeting, scheduled for November 24, 2025, in Mosman, NSW. The meeting will proceed with the resolutions as planned, with no changes to the proxy form, despite some typographical corrections in the explanatory statement. This announcement ensures stakeholders are informed of the meeting details and maintains transparency in the company’s governance processes.
QMines Ltd. has announced its 2025 Annual General Meeting (AGM) scheduled for November 24, 2025, in Mosman, NSW. The meeting will cover the company’s annual financial report, a non-binding advisory resolution on the remuneration report, and the re-election of Mr. Peter Caristo as a director. The board recommends shareholders vote in favor of Mr. Caristo’s re-election, highlighting the company’s ongoing governance and strategic planning efforts.
QMines Ltd. has successfully completed its drilling program at the Develin Creek Copper-Zinc Project and has commenced a maiden drilling campaign at the Mount Mackenzie Gold-Silver Project in Central Queensland. The Develin Creek program aimed to expand and upgrade the Volcanic Hosted Massive Sulphide resource, with final assay results pending. The Mount Mackenzie project, known for its high-grade gold and silver potential, is now undergoing a 36-hole, 5,000m drilling program to test extensions of gold zones and explore untested anomalies, marking a significant step in resource growth and potential new discoveries.