QMines Ltd. (AU:QML)
ASX:QML
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QMines Ltd.
(Sydney:QML)
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Rating:53Neutral
Price Target:
AU$0.05
â–¼(-18.33% Downside)
Action:Reiterated
Date:05/01/26
Overall score reflects weak financial performance (minimal revenue, ongoing losses, and persistent cash burn) partially offset by a relatively strong balance sheet with low leverage. Technicals are moderately positive with price above major moving averages, but momentum is nearing overbought levels. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Balance sheet strength
Low leverage and a sizable equity base give QMines durable funding flexibility to support exploration and early development. With limited debt service pressure the company can pursue capital-intensive drilling and permitting without immediate refinancing risk, improving long-term project optionality.
Negative Factors
Persistent negative cash flow
Sustained operating cash deficits force reliance on external capital and reduce runway for development. Over months to years this increases dilution risk and constrains the company’s ability to fund drilling, permitting and near-term capex without accessing markets or partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low leverage and a sizable equity base give QMines durable funding flexibility to support exploration and early development. With limited debt service pressure the company can pursue capital-intensive drilling and permitting without immediate refinancing risk, improving long-term project optionality.
Read all positive factors
QMines Ltd. (QML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$38.60M
Dividend YieldN/A
Average Volume (3M)2.00M
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue GrowthN/A
EPS Growth39.20%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding771,991,460
10 Day Avg. Volume1,993,740
30 Day Avg. Volume1,997,672
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.62
Price to Sales (P/S)178.47
P/FCF Ratio-2.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QMines Ltd. Business Overview & Revenue Model
Company Description
QMines Limited is an Australian enterprise dedicated to the exploration and development of copper and gold resources. Its principal asset is the Mount Chalmers copper and gold mine, an extensive property of approximately 316 square kilometers loca...
How the Company Makes Money
QMines Ltd. generates revenue by exploring, developing, and potentially extracting mineral resources such as copper and gold from its mining projects. Once commercially viable resources are identified, the company sells raw materials via contracts...
QMines Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.97K | 88.23K | 178.21K | 22.17K | 0.00 | 2.51K |
| Gross Profit | -53.49K | 88.23K | 178.21K | 22.17K | -234.62K | -9.05K |
| EBITDA | -3.23M | -2.72M | -2.88M | -5.66M | -2.93M | -1.57M |
| Net Income | -3.73M | -2.94M | -3.37M | -5.70M | -3.17M | -1.58M |
Balance Sheet | ||||||
| Total Assets | 35.95M | 27.91M | 21.49M | 16.39M | 12.79M | 14.38M |
| Cash, Cash Equivalents and Short-Term Investments | 5.84M | 3.50M | 607.79K | 2.29M | 1.03M | 9.05M |
| Total Debt | 1.61M | 1.74M | 1.36M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.66M | 2.61M | 3.41M | 455.11K | 386.80K | 336.67K |
| Stockholders Equity | 33.29M | 25.30M | 18.08M | 15.94M | 12.40M | 14.04M |
Cash Flow | ||||||
| Free Cash Flow | -8.77M | -6.19M | -6.07M | -4.65M | -8.01M | -3.53M |
| Operating Cash Flow | -6.94M | -4.46M | -4.57M | -4.49M | -4.88M | -2.91M |
| Investing Cash Flow | -1.75M | -1.81M | -1.49M | -169.09K | -3.13M | -616.00K |
| Financing Cash Flow | 13.05M | 9.18M | 4.37M | 5.91M | 0.00 | 12.58M |
QMines Ltd. Technical Analysis
Negative
0.06
Price Trends
0.05
Negative
0.05
Negative
0.06
Negative
Market Momentum
>-0.01
Positive
35.31
Neutral
14.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QML, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.31 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QML.
QMines Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
53 Neutral | AU$38.60M | -6.91 | -12.73% | ― | ― | 39.20% | |
51 Neutral | AU$47.32M | -24.64 | -6.28% | ― | -100.00% | -141.82% | |
46 Neutral | AU$41.22M | -23.76 | -25.64% | ― | ― | 41.18% | |
46 Neutral | AU$53.22M | -7.92 | -17.12% | ― | ― | -15.95% | |
45 Neutral | AU$30.51M | -5.42 | -26.87% | ― | ― | -100.00% | |
42 Neutral | AU$29.25M | -2.25 | -52.88% | ― | ― | ― |
* Basic Materials Sector Average
AU:QML
QMines Ltd.
0.05
0.01
26.32%
AU:ODE
Odessa Minerals Limited
0.02
<0.01
61.54%
AU:HMX
Hammer Metals Limited
0.06
0.02
67.65%
AU:RIM
Rimfire Pacific Mining Limited
0.01
>-0.01
-44.44%
AU:FEG
Far East Gold Ltd
0.15
-0.02
-9.38%
AU:LKY
Locksley Resources Limited
0.08
<0.01
2.50%
QMines Ltd. Corporate Events
QMines maps new Mt Chalmers copper-gold corridor, prepares major drill program
Jun 16, 2026
QMines has identified a NNE-striking structural corridor that appears to link the Botos, Mt Chalmers and Woods Shaft copper-gold mineralised centres, based on LiDAR, digital elevation and satellite imagery. This reinterpretation suggests these dep...
QMines Accelerates Fully Funded DFS at Mt Chalmers Copper-Gold Project
May 31, 2026
QMines has reported substantial progress on the Definitive Feasibility Study for its Mt Chalmers copper and gold project, with technical, environmental and execution workstreams advancing in parallel. The company has completed an updated geologica...
QMines issues new shares and updates on Queensland copper-gold projects
May 27, 2026
QMines Limited has issued 95,602,294 fully paid ordinary shares and lodged a cleansing notice confirming the new securities can be freely traded under the Corporations Act without a prospectus. The company states it remains compliant with its fina...
QMines Seeks ASX Quotation for 95.6 Million New Shares
May 25, 2026
QMines Ltd. has applied for quotation of 95,602,294 ordinary fully paid shares on the Australian Securities Exchange, with the securities issued on 22 May 2026. The application, lodged as a new announcement under ASX Listing Rules, formalises the ...
QMines Reaffirms JORC-Compliant Resources and Technical Governance
May 21, 2026
QMines has reaffirmed the technical underpinnings of its Mt Chalmers, Develin Creek and Mt Mackenzie projects, highlighting that historical exploration results and resource estimates remain compliant with the JORC 2012 Code. The company emphasises...
QMines Issues New Shares and Prepares Mt Mackenzie Drill Results
May 8, 2026
QMines Limited has issued 6,562,520 fully paid ordinary shares under provisions of the Corporations Act that allow on-sale without a prospectus, confirming its compliance with continuous disclosure and financial reporting obligations and noting no...
QMines Seeks ASX Quotation for New Service and Employee Shares
May 8, 2026
QMines Ltd. has applied to the ASX for quotation of 6,562,530 ordinary fully paid shares issued on May 5, 2026. These new securities were granted as consideration for services and to employees, reflecting the company’s continued use of equit...
QMines outlines Mt Chalmers restart plans in investor presentation
Apr 23, 2026
QMines has released an investor presentation outlining its plans to restart the historic Mt Chalmers mine and update investors via a dedicated webinar. The company reiterates that its mineral resource and ore reserve estimates for Mt Chalmers, Dev...
QMines to Detail QIC-Backed Funding Boost for Mt Chalmers Push
Apr 20, 2026
QMines Ltd has highlighted a transformational A$15 million strategic investment from the QIC Critical Minerals and Battery Technology Fund, designed to fast‑track development of its Mt Chalmers copper and gold project in Central Queensland. ...
QMines Secures $15m QIC Backing to Fast-Track Mt Chalmers
Apr 19, 2026
QMines has secured a $15 million strategic investment from the QIC Critical Minerals and Battery Technology Fund to accelerate development of its Mt Chalmers copper and gold project in central Queensland. The package comprises a $5 million equity ...
QMines Seeks Trading Halt Ahead of Strategic Mt Chalmers Investment Announcement
Apr 16, 2026
QMines Limited has requested a trading halt on its securities on the ASX as it prepares an announcement regarding a proposed strategic investment in its Mt Chalmers copper and gold project in Central Queensland. The halt will remain in place until...
QMines promotes Caristo to executive director and clears project debt
Mar 23, 2026
QMines has elevated experienced geologist and long-serving non-executive director Peter Caristo to the role of executive director, backdated to February 2026, reflecting his expanded role in driving the company’s Definitive Feasibility Study...
QMines Uncovers Bonanza Gold and Silver and Maps Larger System at Mount Mackenzie
Mar 17, 2026
QMines has reported bonanza-grade gold and silver assays from diamond drill hole MMDD010 at the Vein355 prospect within its Mount Mackenzie Project in Central Queensland. The hole confirmed a coherent shallow mineralised breccia, including standou...
QMines releases 2026 interim financial report for half year to 31 December 2025
Mar 16, 2026
QMines Ltd. has released its 2026 Interim Report for the half year ended 31 December 2025, outlining the group’s consolidated financial performance, position, and cash flows. The report package includes the directors’ report, general i...
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.