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QMines Ltd. (QML) AI Stock Analysis
QMines Ltd.
(ASX:QML)
The overall score reflects a sharp contrast between strong technical momentum and highly speculative fundamentals. The primary drivers weighing down the score are widening financial losses, negative earnings, and accelerating cash burn typical of a pre-revenue exploration company, though these risks are somewhat masked by a robust short-to-long-term upward trend in the stock's price action.
QMines Ltd. (QML) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 46.32M
- Dividend Yield
- ―
- Average Volume (3M)
- 2.03M
- Price to Earnings (P/E)
- -7.2
- Beta (1Y)
- 0.49
- Revenue Growth
- ―
- EPS Growth
- 11.90%
- Country
- Australia
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Copper
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 located...
QMines Ltd. Financial Statement Overview
Summary
As a pre-revenue exploration-stage company, QMines faces widening net losses and accelerating cash burn. While equity and assets have grown, a recent spike in debt levels underscores significant ongoing funding risks.
Income Statement
15Very NegativeBalance Sheet
55NeutralCash Flow
15Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 88.23K | 178.21K | 22.17K | 0 |
| Gross Profit | -36.66K | -36.66K | 88.23K | 178.21K | 22.17K | -234.62K |
| EBITDA | -4.07M | -4.07M | -2.72M | -2.88M | -5.66M | -2.93M |
| Net Income | -4.43M | -4.43M | -2.94M | -3.37M | -5.70M | -3.17M |
Balance Sheet | ||||||
| Total Assets | 48.55M | 48.55M | 27.91M | 21.49M | 16.39M | 12.79M |
| Cash, Cash Equivalents and Short-Term Investments | 14.25M | 14.25M | 3.50M | 607.79K | 2.29M | 1.03M |
| Total Debt | 10.00M | 10.00M | 1.74M | 1.36M | 0 | 0 |
| Total Liabilities | 11.10M | 11.10M | 2.61M | 3.41M | 455.11K | 386.80K |
| Stockholders Equity | 37.45M | 37.45M | 25.30M | 18.08M | 15.94M | 12.40M |
Cash Flow | ||||||
| Free Cash Flow | -10.73M | -10.73M | -6.19M | -6.07M | -4.65M | -8.01M |
| Operating Cash Flow | -9.21M | -9.21M | -4.46M | -4.57M | -4.49M | -4.88M |
| Investing Cash Flow | -2.41M | -2.41M | -1.81M | -1.49M | -169.09K | -3.13M |
| Financing Cash Flow | 22.37M | 22.37M | 9.18M | 4.37M | 5.91M | 0 |
QMines Ltd. Technical Analysis
Price Trends
Market Momentum
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 below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 39.42 is Neutral, neither overbought nor oversold. The STOCH value of 34.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QML.
QMines Ltd. Peers Comparison
Overall Rating
- AU:QML54Neutral
AU:HMX51Neutral
AU:FEG48Neutral
AU:LKY43Neutral
AU:RIM41Neutral
AU:ODE40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:QML | 54Neutral | AUD 46.32M | -7.16 | -12.51% | ― | ― | 11.90% |
| AU:HMX | 51Neutral | AUD 61.60M | -25.21 | -6.90% | ― | ― | 27.27% |
| AU:FEG | 48Neutral | AUD 47.96M | -4.79 | -20.06% | ― | ― | -7.35% |
| AU:LKY | 43Neutral | AUD 22.92M | -1.25 | -67.63% | ― | ― | ― |
| AU:RIM | 41Neutral | AUD 23.99M | -20.00 | -11.48% | ― | ― | 63.64% |
| AU:ODE | 40Underperform | AUD 30.91M | -6.82 | -69.67% | ― | ― | -30.00% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:QML | QMines Ltd. | 0.06 | 0.01 | 13.21% | |
| AU:ODE | Odessa Minerals Limited | 0.01 | 0.00 | 7.14% | |
| AU:HMX | Hammer Metals Limited | 0.06 | 0.03 | 106.90% | |
| AU:RIM | Rimfire Pacific Mining Limited | 0.01 | -0.00 | -28.57% | |
| AU:FEG | Far East Gold Ltd | 0.12 | -0.03 | -20.69% | |
| AU:LKY | Locksley Resources Limited | 0.06 | -0.32 | -83.16% |
QMines Ltd. Corporate Events
QMines Requests ASX Trading Halt Ahead of Equity Placement
QMines Ltd. has requested an immediate trading halt in its securities on the ASX ahead of a planned equity raising via a placement to sophisticated and professional investors. The halt will remain in place until either the announcement on the outcome...
QMines Uncovers High-Grade Copper-Gold and Stockpile Potential at Mt Chalmers
QMines has reported a series of strong copper-gold and polymetallic drill results beneath and around the historical Mt Chalmers pit, including its best pontoon hole to date starting immediately below the pit floor. The intersections, which also inclu...
QMines Reaffirms JORC Compliance and Resource Stability Ahead of IMARC
QMines Ltd. has released an IMARC conference presentation outlining its status as an emerging Australian copper developer and reaffirming compliance with the JORC 2012 Mineral Code across its Mt Chalmers, Develin Creek and Mt Mackenzie projects. The...
QMines Sells Drilling Subsidiary to Sharpen Focus on Mt Chalmers Copper-Gold Project
QMines Ltd has completed the $1.4 million sale of its wholly owned drilling subsidiary QDrilling Pty Ltd to Gas Field Services, in a strategic move to exit a non-core business and redeploy capital into its Mt Chalmers copper-gold project. The staged...
QMines Sets 2026 AGM to Approve Reports and Re‑elect Director
QMines Limited has called its 2026 Annual General Meeting for 23 November in Mosman, New South Wales, where shareholders will review the annual financial, directors’ and auditor’s reports for the year ended 30 June 2026. The meeting under...
QMines Uncovers New Copper Sulphide Zone Beyond Mt Chalmers Resource
QMines has reported a new copper sulphide discovery at its Mt Chalmers project, with diamond drillhole 26MCDD052 intersecting 11 metres of visually identified chalcopyrite–pyrite mineralisation about 180 metres north-northeast of the current Mt...
QMines’ Pontoon Drilling at Mt Chalmers Delivers High-Grade Copper-Gold Results Above Resource Model
QMines has reported the first assay results from its in-pit pontoon diamond drilling program at the flooded Mt Chalmers open pit, confirming high-grade copper, gold, silver and zinc mineralisation directly beneath the pit floor. Two closely spaced ho...
QMines lodges ASX governance disclosures and confirms compliance
QMines Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year ended 30 June 2026 is available on its website and current as of 30 September 2026. The filing indicates the board has approved the statement...
QMines publishes audited 2026 annual report for investors
QMines Ltd. has released its 2026 Annual Report for the year ended 30 June 2026, outlining the company’s financial performance, governance framework and shareholder information. The report includes the directors’ report, audited financial...
QMines unlocks Botos deposit with strategic Mt Chalmers land deal
QMines has agreed to acquire two strategic freehold properties over the Mt Chalmers mine lease application and adjacent Botos deposit for $2.388 million, significantly improving land access to the under-drilled Botos prospect. The move removes histor...
QMines Options Lapse, Trimming Potential Future Dilution
QMines Limited has notified the market of a change in its issued capital, following the expiry of a class of listed options without being exercised. The company reported that 500,000 QMLAJ options, with an exercise price of $0.375 and an expiry date...
QMines appoints BurnVoir to finance Mt Chalmers copper-gold development
QMines Limited has appointed BurnVoir Corporate Finance as financial adviser to arrange development financing for its Mt Chalmers Copper-Gold Project in Central Queensland. BurnVoir, which has a strong track record with Australian mining companies, w...
QMines Deepens Government Engagement as Mt Chalmers Restart Advances
QMines hosted representatives from multiple Queensland Government departments and the Livingstone Shire Council at its Mt Chalmers Copper and Gold Project for a site familiarisation visit. Officials were joined by QMines’ management and consult...
QMines Extends High-Grade Copper and Gold Mineralisation at Mt Chalmers
QMines has reported new assay results from two additional drill holes at its Mt Chalmers project, confirming broad high-grade copper and gold mineralisation at depth alongside a shallow polymetallic lens. The deeper hole returned one of the widest co...
QMines Reaffirms JORC-Compliant Resources Across Key Australian Projects
QMines has released an updated presentation detailing its exploration and resource work at the Mt Chalmers, Develin Creek and Mt Mackenzie projects in Australia. The company confirms that prior resource announcements for Mt Chalmers and Develin Creek...
Government Support Builds as QMines Accelerates Mt Chalmers Copper Project
Queensland’s Resources Minister, Dale Last, visited QMines’ Mt Chalmers copper and gold project, underlining increasing government recognition of its strategic importance. The delegation, which included local MPs and senior departmental o...
QMines hits higher-grade copper-gold zones at Mt Chalmers DFS drilling
QMines has reported new assay results from two diamond drill holes at its Mt Chalmers copper-gold project in Central Queensland, highlighting significantly higher grades than its existing mineral resource model. The drilling forms part of metallurgic...
QMines boosts Mount Mackenzie gold resource and confidence
QMines has announced an updated mineral resource estimate for its Mount Mackenzie project, lifting total resources to 5.22 million tonnes grading 1.01 grams per tonne gold and 6.7 grams per tonne silver, for 170,000 ounces of gold and 1.12 million ou...
QMines Reaffirms JORC-Compliant Resources Across Key Projects
QMines has reiterated that its mineral resource estimates for the Mt Chalmers, Develin Creek and Mt Mackenzie projects remain valid and unchanged, with no new information identified that would materially affect previously reported figures. The compan...
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.
Date of analysis: Oct 01, 2026