tiprankstipranks
Trending News
More News >
QMines Ltd. (AU:QML)
:QML

QMines Ltd. (QML) AI Stock Analysis

Compare
6 Followers

Top Page

AU

QMines Ltd.

(Frankfurt:QML)

Rating:43Neutral
Price Target:
QMines Ltd. faces substantial challenges, including persistent net losses, liquidity issues, and negative cash flows. The technical analysis indicates bearish momentum as the stock trades below key moving averages. Valuation metrics are also unfavorable with a negative P/E ratio and no dividend yield.

QMines Ltd. (QML) vs. iShares MSCI Australia ETF (EWA)

QMines Ltd. Business Overview & Revenue Model

Company DescriptionQMines Limited engages in the development and exploration of copper and gold projects in Australia. The company's flagship project is the Mount Chalmers copper and gold mine covering an area of approximately 316 square kilometers located to the northeast of Rockhampton. It also holds interest in the Silverwood project, which consists of 78 subblocks covering approximately 234 square kilometers located to south of Warwick in Queensland; the Warroo project comprising 72 sub-blocks, which covers an area of approximately 216 square kilometers located to west of Stanthorpe in Queensland; and the Herries Range project that consists of 110 sub-blocks covering an area of approximately 330 square kilometers located to west of Warwick in south-east Queensland. The company was incorporated in 2020 and is headquartered in Mosman, Australia.
How the Company Makes MoneyQMines Ltd. generates revenue primarily through the exploration, development, and potential future extraction and sale of copper and gold resources. The company's revenue model is centered around increasing the resource base at its core projects to enhance the company's value and attract investment. Key revenue streams are anticipated to come from the sale of extracted minerals once production commences. Additionally, QMines may engage in strategic partnerships or joint ventures with other mining companies to share resources and expertise, enhancing its project development capabilities. The company's earnings are significantly influenced by the global demand and pricing for copper and gold, as well as successful exploration results and operational efficiencies.

QMines Ltd. Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021
Income StatementTotal Revenue
178.21K22.17K0.002.51K
Gross Profit
178.21K-13.34K-234.62K-9.05K
EBIT
-2.80M-5.59M-3.17M-1.55M
EBITDA
-2.88M-5.66M-2.93M-1.57M
Net Income Common Stockholders
-3.37M-5.70M-3.17M-1.58M
Balance SheetCash, Cash Equivalents and Short-Term Investments
607.79K2.29M1.03M9.05M
Total Assets
21.49M16.39M12.79M14.38M
Total Debt
1.36M0.000.000.00
Net Debt
771.68K-2.29M-1.03M-9.05M
Total Liabilities
3.41M455.11K386.80K336.67K
Stockholders Equity
18.08M15.94M12.40M14.04M
Cash FlowFree Cash Flow
-6.07M-4.65M-8.01M-3.53M
Operating Cash Flow
-4.57M-4.49M-4.88M-2.91M
Investing Cash Flow
-1.49M-169.09K-3.13M-616.00K
Financing Cash Flow
4.37M5.91M0.0012.58M

QMines Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.04
Price Trends
50DMA
0.04
Negative
100DMA
0.05
Negative
200DMA
0.06
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
49.48
Neutral
STOCH
52.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QML, the sentiment is Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.48 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:QML.

QMines Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUGML
56
Neutral
AU$12.67M4.928.76%
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
AUQML
43
Neutral
AU$15.98M-15.84%57.63%
$11.53M-53.93%
DEI6R
€71.86M
AUMTH
41
Neutral
AU$72.88M-5.23%54.26%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:QML
QMines Ltd.
0.04
-0.02
-37.29%
ARTTF
Artemis Resources
0.01
-0.01
-50.00%
AU:GML
Gateway Mining Limited
0.03
0.00
0.00%
DE:I6R
Horizon Minerals Ltd
0.02
0.00
0.00%
AU:MTH
Mithril Resources Ltd
0.50
0.27
117.39%

QMines Ltd. Corporate Events

QMines Limited Announces Results of General Meeting
Apr 28, 2025

QMines Limited, an Australian company listed on the ASX under the ticker QML, held a General Meeting where all resolutions were decided by poll. The meeting resulted in the approval of several resolutions, including the ratification of prior share issues and the issuance of shares to Resources & Energy Group Limited, while the proposal for issuing unlisted options was not carried. These decisions reflect the company’s ongoing efforts to manage its capital structure and strategic partnerships, potentially impacting its financial positioning and stakeholder interests.

QMines Ltd. Expands Portfolio with Mount Mackenzie Acquisition
Apr 24, 2025

QMines Ltd. has announced the acquisition of the Mount Mackenzie project, a high-grade gold and silver venture that complements its existing portfolio. This strategic move is expected to enhance QMines’ market position by expanding its resource base, potentially increasing value for stakeholders and strengthening its foothold in the mining sector.

QMines Ltd. Advances Develin Creek Drilling with Dual-Rig Strategy
Apr 22, 2025

QMines Ltd. announced the completion of the first stage of diamond drilling at its Develin Creek copper-zinc project, with plans to commence Reverse Circulation drilling at the Sulphide City deposit. This is part of a 10,000m drilling campaign aimed at expanding and de-risking the resource base. The company’s recent acquisition of the Mt Mackenzie gold and silver project complements its existing assets, enhancing its strategy to develop a scalable, multi-deposit mining operation. The dual-rig strategy is expected to generate significant news flow and pricing catalysts, advancing QMines’ long-term development plans.

QMines Ltd. Proposes Share Issuance to Resources & Energy Group
Apr 16, 2025

QMines Ltd. has issued an addendum to its Notice of General Meeting, introducing a new Resolution 5 which seeks approval to issue up to 33,000,000 shares to Resources & Energy Group Limited. This move is part of the company’s strategic efforts to expand its resource base and potentially enhance its market positioning. The resolution is subject to shareholder approval, and specific voting exclusions apply to ensure fairness and compliance with listing rules.

QMines Limited Initiates Trading Halt Pending Acquisition Announcement
Apr 15, 2025

QMines Limited has requested a trading halt on its securities pending an announcement related to an acquisition. This halt will remain in effect until the announcement is made or trading resumes on April 17, 2025. The move indicates a potential strategic acquisition that could impact the company’s market position and stakeholder interests.

REZ Sells Mount Mackenzie Gold Project to QMines for Strategic Focus
Apr 15, 2025

Resources & Energy Group Limited (ASX: REZ) has announced the sale of its Mount Mackenzie Gold Project in Queensland to QMines Limited (ASX: QML) for $2.485 million. This strategic divestment allows REZ to focus on its East Menzies Gold Project in Western Australia, while QMines expands its portfolio of gold assets in Queensland, enhancing its position as a leading explorer in the region.

QMines Completes Drilling at Mt Chalmers, Eyes Develin Creek for Next Phase
Apr 7, 2025

QMines Limited has completed its diamond drilling program at the Mt Chalmers copper and gold project, confirming the high-grade nature of the ore body. The company is now shifting its focus to the Develin Creek project, where recent exploration has shown promising results, including significant copper intersections. The resource upgrade at Develin Creek, with a 42% increase in Indicated resources, enhances the project’s development prospects and shareholder value.

QMines Completes Drilling at Mt Chalmers, Shifts Focus to Develin Creek
Apr 4, 2025

QMines Limited has successfully completed its diamond drilling program at the Mt Chalmers copper and gold project, confirming the high-grade nature of the ore body. The company is now moving its drilling operations to the Develin Creek project, where recent exploration has shown significant potential with outstanding drill intersections. The upgraded Mineral Resource Estimate at Develin Creek, which includes a 42% increase in Indicated resources, enhances the project’s growth potential and strengthens its development prospects, providing greater confidence in future mine planning and economic potential.

QMines Ltd. Releases 2025 Interim Report
Mar 13, 2025

QMines Ltd. released its 2025 Interim Report for the half year ending December 31, 2024. The report includes financial statements and auditor’s declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders to assess QMines Ltd.’s operational health and strategic direction.

QMines Ltd. Enhances Develin Creek Resource, Boosting Growth Potential
Mar 12, 2025

QMines Ltd. has announced a significant resource upgrade for its Develin Creek project, with the total resource now estimated at 4.2 million tonnes, marking a 1 million tonne increase. This upgrade enhances the project’s growth and development potential, with 42% of resources now in the Indicated category, boosting confidence for future mine planning. The company has initiated open pit optimization studies for the Scorpion and Window deposits and commenced a 10,000-meter drilling program to expand and confirm the Sulphide City deposit. Develin Creek is now a key component of QMines’ growth strategy, potentially integrating into the Mt Chalmers mine plan to extend mine life and improve economic outcomes.

QMines Announces Imminent Release of Escrowed Shares
Mar 10, 2025

QMines Limited has announced the imminent release of 10,261,194 shares from voluntary escrow, which were initially due for release on 27 February 2025. This update, approved by the company’s board, aligns with their strategic objectives to enhance operational flexibility and potentially impact their market positioning by increasing share liquidity.

QMines Limited Secures $6 Million in Capital Raise
Feb 26, 2025

QMines Limited has successfully raised $6 million through the issuance of 85,197,743 fully paid ordinary shares at $0.045 per share. This capital raise is part of the company’s strategy to enhance its financial position and support its ongoing development projects. The announcement indicates compliance with relevant legal provisions, ensuring the shares fall within the exemption for on-sale restrictions. This financial move is expected to bolster QMines’ efforts in advancing its copper and gold projects, potentially impacting its market position and offering new opportunities for stakeholders.

QMines Launches Major Drilling Program at Develin Creek
Feb 24, 2025

QMines Limited has initiated a significant 10,000m drilling program at its Develin Creek and Mt Chalmers copper projects after securing $6 million in capital. The program, comprising diamond and reverse circulation drilling, aims to extend existing high-grade deposits and improve mineral resource estimates, with resource updates and a pre-feasibility study expected to enhance the Mt Chalmers mine plan.

QMines Limited Announces Quotation of New Securities on ASX
Feb 21, 2025

QMines Limited has announced the quotation of 73,514,067 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective February 21, 2025. This announcement follows a previously disclosed transaction, and it marks a significant step in the company’s capital market activities, potentially enhancing its liquidity and market presence.

QMines Ltd. Announces New Securities Issue to Bolster Growth
Feb 17, 2025

QMines Ltd. has announced a proposed issue of 5,000,000 unlisted options exercisable at 6.75 cents, set to expire three years from the issue date. This move, scheduled for April 1, 2025, is aimed at strengthening its financial position and could have implications for its strategic growth and stakeholder interests.

QMines Secures $6 Million for Copper and Gold Exploration Expansion
Feb 17, 2025

QMines Ltd. has secured firm commitments to raise $6 million through a two-tranche placement to accelerate exploration and development at its Mt Chalmers and Develin Creek projects. This funding, supported by existing and new shareholders, highlights the quality and potential of these projects and underlines the company’s growth strategy. The capital will facilitate a significant drilling program at Develin Creek, expected to commence shortly, aiming to expand the scale of potential mining operations.

QMines Limited Initiates Trading Halt Pending Equity Raise Announcement
Feb 13, 2025

QMines Limited, a company listed on the Australian Securities Exchange, has requested a trading halt on its securities pending an announcement concerning a proposed equity raise through a placement. This trading halt will remain in effect until February 17, 2025, or until the announcement is made, whichever comes first. The company is taking this step as part of its strategic financial activities, and shareholders interested in the placement are encouraged to contact the chairman.

QMines Reports Significant Drilling Results at Develin Creek Project
Feb 5, 2025

QMines Ltd. has announced the final results from its maiden drilling program at the Develin Creek copper project, revealing significant intersections of copper, zinc, gold, and silver from the Scorpion deposit. The results confirm the high-grade nature of the mineralisation, with resource upgrades for the Scorpion and Window deposits expected soon. The company plans to commence further drilling to explore additional extensions, positioning the Scorpion deposit as a promising open-pit mining opportunity.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.