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QMines Ltd.
(Sydney:QML)
QMines Ltd. (QML) vs. iShares MSCI Australia ETF (EWA)
QMines Ltd. Business Overview & Revenue Model
QMines Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.23K | 88.23K | 178.21K | 22.17K | 0.00 | 2.51K |
| Gross Profit | 88.23K | 88.23K | 178.21K | 22.17K | -234.62K | -9.05K |
| EBITDA | -2.72M | -2.72M | -2.88M | -5.66M | -2.93M | -1.57M |
| Net Income | -2.94M | -2.94M | -3.37M | -5.70M | -3.17M | -1.58M |
Balance Sheet | ||||||
| Total Assets | 27.91M | 27.91M | 21.49M | 16.39M | 12.79M | 14.38M |
| Cash, Cash Equivalents and Short-Term Investments | 3.50M | 3.50M | 607.79K | 2.29M | 1.03M | 9.05M |
| Total Debt | 1.74M | 1.74M | 1.36M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.61M | 2.61M | 3.41M | 455.11K | 386.80K | 336.67K |
| Stockholders Equity | 25.30M | 25.30M | 18.08M | 15.94M | 12.40M | 14.04M |
Cash Flow | ||||||
| Free Cash Flow | -6.19M | -6.19M | -6.07M | -4.65M | -8.01M | -3.53M |
| Operating Cash Flow | -4.46M | -4.46M | -4.57M | -4.49M | -4.88M | -2.91M |
| Investing Cash Flow | -1.81M | -1.81M | -1.49M | -169.09K | -3.13M | -616.00K |
| Financing Cash Flow | 9.18M | 9.18M | 4.37M | 5.91M | 0.00 | 12.58M |
QMines Ltd. Technical Analysis
QMines Ltd. Peers Comparison
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% | |
46 Neutral | €29.31M | -6.31 | -13.83% | ― | ― | 48.47% | |
46 Neutral | AU$96.98M | -33.33 | -21.63% | ― | ― | 86.21% | |
42 Neutral | €9.71M | -4.40 | -53.65% | ― | ― | -66.67% | |
37 Underperform | AU$28.91M | -15.26 | -12.26% | ― | ― | 26.92% | |
33 Underperform | AU$70.14M | -52.31 | -5.63% | ― | ― | 43.48% |
QMines Ltd. Corporate Events
QMines Limited has completed the acquisition of the Mt Mackenzie Gold-Silver Project, enhancing its resource base with an upgraded Mineral Resource Estimate. The company also reported successful drilling results at the Develin Creek Copper-Zinc Project, confirming high-grade copper and zinc intersections. These developments, along with a strengthened financial position from a $7.5 million placement and a $1.5 million share purchase plan, support QMines’ strategy to establish a long-life copper and gold operation.
QMines Ltd. announced an update to their previous statement regarding the extension of their Share Purchase Plan. This update involves a proposed issue of securities, which is part of their strategy to raise capital and support ongoing operations. The extension of the Share Purchase Plan is expected to provide additional opportunities for stakeholders to invest in the company, potentially strengthening its financial position and market presence.
QMines Limited has extended the closing date of its Share Purchase Plan (SPP) to November 7, 2025, allowing more time for eligible shareholders in Australia and New Zealand to participate. This extension provides shareholders the opportunity to apply for up to A$30,000 worth of shares without incurring brokerage or transaction costs, potentially impacting the company’s capital structure and enhancing shareholder engagement.
QMines Ltd. has announced its 2025 Annual General Meeting, scheduled for November 24, 2025, in Mosman, NSW. The meeting will proceed with the resolutions as planned, with no changes to the proxy form, despite some typographical corrections in the explanatory statement. This announcement ensures stakeholders are informed of the meeting details and maintains transparency in the company’s governance processes.
QMines Ltd. has announced its 2025 Annual General Meeting (AGM) scheduled for November 24, 2025, in Mosman, NSW. The meeting will cover the company’s annual financial report, a non-binding advisory resolution on the remuneration report, and the re-election of Mr. Peter Caristo as a director. The board recommends shareholders vote in favor of Mr. Caristo’s re-election, highlighting the company’s ongoing governance and strategic planning efforts.
QMines Ltd. has successfully completed its drilling program at the Develin Creek Copper-Zinc Project and has commenced a maiden drilling campaign at the Mount Mackenzie Gold-Silver Project in Central Queensland. The Develin Creek program aimed to expand and upgrade the Volcanic Hosted Massive Sulphide resource, with final assay results pending. The Mount Mackenzie project, known for its high-grade gold and silver potential, is now undergoing a 36-hole, 5,000m drilling program to test extensions of gold zones and explore untested anomalies, marking a significant step in resource growth and potential new discoveries.
QMines Limited has announced a Share Purchase Plan (SPP) to allow eligible shareholders to purchase shares at a discounted price of $0.055 per share, aiming to raise $1.5 million. This initiative follows a recent placement of shares to sophisticated investors, raising approximately $7.5 million. The funds from the SPP and placement will support further exploration activities at the Mt Mackenzie project and general working capital, potentially enhancing QMines’ operational capabilities and market position.
QMines Limited has issued 81,054,194 fully paid ordinary shares as part of the first tranche of its placement at $0.055 each. This move is in compliance with the Corporations Act 2001, allowing the shares to be sold without disclosure. The company continues its exploration and drilling programs at its Develin Creek and Mt Mackenzie projects, with assay results pending. This issuance supports QMines’ ongoing efforts to advance its projects and strengthen its position in the copper and gold industry.
QMines Ltd. has announced the quotation of 24,032,824 ordinary fully paid securities on the ASX, as part of a previously announced transaction. This move is likely to enhance the company’s financial flexibility and market presence, potentially impacting its operations and stakeholder interests positively.
QMines Limited has announced the quotation of 57,021,370 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 2, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially impacting its operational capabilities and stakeholder interests positively.
QMines Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s compliance with the ASX Corporate Governance Council’s recommendations, indicating a strong commitment to transparency and accountability in its operations. This release underscores QMines’ dedication to maintaining robust governance practices, which is crucial for its industry positioning and stakeholder trust.
QMines Ltd. has released its 2025 Annual Report, detailing the company’s financial performance for the year ending June 30, 2025. The report includes comprehensive financial statements, such as the statement of profit or loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational outcomes, which are crucial for assessing its market positioning and future prospects.
QMines Ltd. has announced a multi-rig drilling program aimed at exploring high-grade gold and copper at its key projects. This initiative is expected to enhance the company’s resource base and strengthen its position in the mining sector, potentially benefiting stakeholders by increasing resource estimates and improving project viability.
QMines Ltd. has announced a proposed issue of securities, involving the issuance of 10,000,000 unlisted options and 136,363,637 ordinary fully paid shares. This move is intended to raise capital and support the company’s ongoing projects, potentially strengthening its financial position and operational capabilities in the mining sector.
QMines Ltd. has successfully raised $7.5 million through a well-supported placement, enabling the company to accelerate its exploration and development activities at its Mt Mackenzie, Mt Chalmers, and Develin Creek projects. The funds will be used for a large drilling program at Mt Mackenzie, debt repayment, and purchasing additional land to mitigate risks for future mining operations, highlighting the company’s growth strategy and the quality of its projects.
QMines Limited, a company listed on the Australian Securities Exchange, has requested a trading halt on its securities pending an announcement regarding a proposed equity raise through a placement. The halt will remain in effect until the announcement is made or normal trading resumes on September 26, 2025. This move indicates a strategic financial maneuver that could impact the company’s capital structure and market perception.
QMines Ltd. has commenced a high-grade gold and silver drilling program at its Mount Mackenzie project, aiming to enhance resource growth and discovery potential. The project, located near Rockhampton, is expected to extend the life of the Mount Chalmers copper and gold project by adding significant gold and silver resources. The company has already reported promising historical drilling results and plans to mobilize two rigs for an initial 5,000-meter drilling program. This initiative is designed to test multiple extensions of high-grade mineralization, potentially increasing the project’s mineral resource estimate and capturing market interest.
QMines Ltd. has announced a significant increase in optimized material from its Scorpion-Window open pit at the Develin Creek project, with a confirmed production target of 930,000 tonnes at a copper equivalent grade of 1.73%. This optimization supports the company’s strategy to enhance its processing capabilities at Mount Chalmers and positions QMines as a key player in the regional mining sector. The increase in material and high metallurgical recoveries bolster QMines’ vision of evolving into a substantial copper and gold operation in central Queensland, with a revised pre-feasibility study expected by the second half of 2026.
QMines Ltd. has reported promising results from its first diamond drilling at the Sulphide City deposit, part of the Develin Creek Copper-Zinc Project. The drilling intersected a broad zone of semi-massive and massive sulphide mineralization, indicating potential for further resource expansion. This development is part of QMines’ strategy to upgrade and expand its resource base, with the aim of building a large-scale copper and gold operation in central Queensland. The presence of visible chalcopyrite and sphalerite boosts confidence in the potential growth of the deposit, and assay results are expected to confirm these initial findings.
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.
QMines Ltd. has reported promising results from its drilling program at the Sulphide City deposit, part of the Develin Creek project in Queensland. The drilling has revealed thick, high-grade copper-zinc intersections, indicating strong continuity of mineralization and potential for resource growth. With multiple rigs in operation and additional assays pending, these results bolster QMines’ strategy to integrate Develin Creek with other assets, aiming for a substantial, long-life copper-gold-zinc operation in Central Queensland.
QMines Limited has issued 2,759,260 shares as consideration for services provided, under the exemptions of the Corporations Act 2001. The company continues its exploration and drill programs at the Develin Creek and Mt Chalmers projects, with assay results pending. These activities are part of QMines’ strategy to enhance its resource base and move towards sustainable copper production, potentially impacting its market position and stakeholder interests.