The latest update is out from QMines Ltd. ( (AU:QML) ).
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.
More about QMines Ltd.
QMines Ltd. operates in the mining industry, focusing on copper and zinc exploration and development. The company is engaged in expanding its resource base through strategic acquisitions and drilling programs, with a market focus on creating a scalable, multi-commodity mining hub.
YTD Price Performance: -30.0%
Technical Sentiment Signal: Buy
Current Market Cap: €10.12M
See more insights into QML stock on TipRanks’ Stock Analysis page.