QMines Completes Acquisition of Mt Mackenzie Project

Tip Ranks
2025.07.11 08:42
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QMines Ltd. has completed the acquisition of the Mt Mackenzie Gold and Silver Project by issuing 33 million shares. The company is focused on exploration and drilling at its Develin Creek and Mt Chalmers projects, aiming to enhance its resource base in the copper and gold industry. QMines owns 100% of the Mt Chalmers and Develin Creek deposits in Queensland and is committed to sustainable copper production. Current market cap stands at A$21.12M.

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QMines Ltd. ( (AU:QML) ) has provided an announcement.

QMines Limited has completed the acquisition of the Mt Mackenzie Gold and Silver Project by issuing 33,000,000 shares. The company is actively engaged in exploration and drill programs at its Develin Creek and Mt Chalmers projects, with assay results pending. This acquisition and ongoing exploration efforts are part of QMines’ strategy to enhance its resource base and strengthen its position in the copper and gold industry.

More about QMines Ltd.

QMines Limited is a Queensland-focused copper and gold development company. It owns 100% of the Mt Chalmers and Develin Creek deposits, both located near Rockhampton, Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.

Average Trading Volume: 829,618

Technical Sentiment Signal: Hold

Current Market Cap: A$21.12M

For an in-depth examination of QML stock, go to TipRanks’ Overview page.

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