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Qmines Limited (ASX:QML)

ALERT: Price-sensitive ASX Announcement for QML
Current share price for QML : $0.058 0.003 (5.45%)+
Announcement
Release
30 Apr 2026 8:33AM
Price at Release
$0.055
Full Release
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Summary
Qmines Limited continues to advance its key projects at Mt Chalmers, Develin Creek, and Mount Mackenzie, focusing on environmental studies and deeper exploration drilling. The company has reduced debt by repaying $1.0 million, thereby strengthening its financial position. Qmines is actively engaging with stakeholders and advancing feasibility studies to support future development decisions. The report details ongoing exploration activities and financial updates, including payments to related parties for consulting fees and other compensation.
Key Points
  • Qmines Limited continued to progress its Mt Chalmers, Develin Creek, and Mount Mackenzie projects.
  • Environmental baseline studies and groundwater monitoring are ongoing to support approvals.
  • Phase 2 of Mount Mackenzie exploration includes deeper diamond drilling.
  • The company is engaging with landholders and stakeholders at Mt Chalmers.
  • Qmines repaid $1.0m in debt, improving its financial position.
  • The company is advancing feasibility studies and technical workstreams at Mt Chalmers.
  • Qmines is planning exploration and development activities in Central Queensland.
  • Payments to related parties were for consulting fees, salaries, and superannuation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.