QMines Clarifies Feasibility Study Parameters Amidst Ongoing Project Evaluations

Tip Ranks
2025.08.15 08:08
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QMines Ltd. has clarified its feasibility study parameters for the Sulphide City project, retracting previous statements that could be seen as production targets, which were described as aspirational throughput parameters. The company is focusing on ongoing studies at its Mt Chalmers, Develin Creek, and Mt Mackenzie projects. QMines, a Queensland-based copper and gold exploration company, aims to discover new deposits and transition to sustainable copper production. Current market cap stands at A$26.44M with a trading volume of 1,110,020.

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The latest update is out from QMines Ltd. ( (AU:QML) ).

QMines Limited has issued a clarification regarding its previous announcement about the ongoing feasibility study at its Sulphide City project. The company retracted statements that could be interpreted as production targets, emphasizing that these were aspirational throughput parameters. QMines is focusing on the results of ongoing studies at its Mt Chalmers, Develin Creek, and Mt Mackenzie projects, which are seen as upcoming milestones.

More about QMines Ltd.

QMines Limited (ASX:QML) is a Queensland-focused copper and gold exploration and development company. The company owns 100% of the Mt Chalmers and Develin Creek deposits, which are located within 90km of Rockhampton in Queensland. QMines aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.

Average Trading Volume: 1,110,020

Technical Sentiment Signal: Hold

Current Market Cap: A$26.44M

For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.

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