Annonce • May 27
QMines Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. QMines Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 95,602,294
Price\Range: AUD 0.0523
Transaction Features: Subsequent Direct Listing Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman & Managing Director Andrew Sparke was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman & Managing Director Andrew Sparke was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 22
QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 95,602,294
Price\Range: AUD 0.0523
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman & Managing Director Andrew Sparke was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 15
QMines Limited has completed a Follow-on Equity Offering. QMines Limited has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 81,054,194
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,139,020
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 279,718
Transaction Features: Subsequent Direct Listing Annonce • Nov 28
QMines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million. QMines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 81,054,194
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,309,443
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing Annonce • Nov 13
QMines Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. QMines Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,272,727
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0011 Annonce • Oct 24
QMines Limited, Annual General Meeting, Nov 24, 2025 QMines Limited, Annual General Meeting, Nov 24, 2025. Location: meeting room, building 34, suakin drive, mosman nsw 2088, Australia Annonce • Oct 04
QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,272,727
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0011 Annonce • Sep 27
QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 7.5 million. QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 7.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 81,054,194
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,309,443
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director & Company Secretary Elissa Hansen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 07
QMines Limited (ASX:QML) completed the acquisition of Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ). QMines Limited (ASX:QML) signed a binding term sheet to acquire Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ) for AUD 2.353 million on April 15, 2025. A cash consideration of AUD 1 million will be paid by QMines Limited. The consideration consists of 33 million common equity of QMines Limited to be issued for common equity of Mount Mackenzie Pty Limited. As part of consideration, AUD 1 million is paid towards common equity of Mount Mackenzie Pty Limited.
The transaction is subject to approval of offer by acquirer shareholders and consummation of due diligence investigation.
As of June 19, 2025, QMines Limited (ASX:QML) has completed the due diligence.
QMines Limited (ASX:QML) completed the acquisition of Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ) on July 7, 2025.
As of July 7, 2025, all the remaining conditions precedent under the acquisition term sheet have now been satisfied. Annonce • Apr 15
QMines Limited (ASX:QML) signed a binding term sheet to acquire Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ). QMines Limited (ASX:QML) signed a binding term sheet to acquire Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ) for AUD 2.353 million on April 15, 2025. A cash consideration of AUD 1 million will be paid by QMines Limited. The consideration consists of 33 million common equity of QMines Limited to be issued for common equity of Mount Mackenzie Pty Limited. As part of consideration, AUD 1 million is paid towards common equity of Mount Mackenzie Pty Limited.
The transaction is subject to approval of offer by acquirer shareholders and consummation of due diligence investigation. Annonce • Feb 17
QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 6 million. QMines Limited has filed a Follow-on Equity Offering in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,197,743
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,135,594
Price\Range: AUD 0.045
Transaction Features: Subsequent Direct Listing Annonce • Oct 28
QMines Limited, Annual General Meeting, Nov 29, 2024 QMines Limited, Annual General Meeting, Nov 29, 2024. Location: at meeting room, building 34, suakin drive, mosman 2088., Australia New Risk • Oct 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$178k revenue, or US$119k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$26.5m market cap, or US$17.7m). Annonce • Sep 30
QMines Limited completed the acquisition of Develin Creek Copper-Zinc Project from Mackerel Copper Pty Ltd for AUD 4.5 million. QMines Limited agreed to acquire Develin Creek Copper-Zinc Project from Mackerel Copper Pty Ltd for AUD 4.5 million on August 28, 2023. As of September 5, 2023, issued 8,403,361 fully paid ordinary shares in part consideration for the acquisition of 51% of the Develin Creek Copper-Zinc Project. During the third quarter of 2023, QMines acquired 51% stake in the Develin Creek copper-zinc project on August 28, 2023. The transaction is subject to approval of offer by acquirer shareholders. As of September 23, 2024 the transaction was approved by the shareholders.
QMines Limited completed the acquisition of Develin Creek Copper-Zinc Project from Mackerel Copper Pty Ltd for AUD 4.5 million on September 30, 2024. QMines acquired remaining 49% stake in the Develin Creek copper-zinc project on September 30, 2024. New Risk • Aug 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m (AU$195k revenue, or US$129k). Market cap is less than US$10m (AU$13.7m market cap, or US$9.02m). New Risk • Jul 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$195k revenue, or US$128k). Market cap is less than US$10m (AU$11.7m market cap, or US$7.69m). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding). New Risk • May 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$195k revenue, or US$130k). Market cap is less than US$10m (AU$14.1m market cap, or US$9.35m). Minor Risk Shareholders have been diluted in the past year (31% increase in shares outstanding). New Risk • Jan 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.7m free cash flow). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (AU$22k revenue, or US$15k). Market cap is less than US$10m (AU$15.2m market cap, or US$9.99m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Annonce • Nov 23
QMines Limited Announces Board Changes QMines Limited announced that Simon Kidston has submitted his resignation as Non-Executive Chairman and director of the company to focus on his other business interests. The company's Managing Director, Andrew Sparke, has been appointed Executive Chairman of the company going forward. New Risk • Nov 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.84m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.7m free cash flow). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (AU$22k revenue, or US$14k). Market cap is less than US$10m (AU$15.3m market cap, or US$9.84m). Annonce • Oct 24
QMines Limited, Annual General Meeting, Nov 24, 2023 QMines Limited, Annual General Meeting, Nov 24, 2023, at 12:00 AUS Eastern Standard Time. Location: Meeting Room Building 34, Suakin Drive Mosman NSW 2088 Mosman New South Wales Australia Agenda: To receive and consider the Annual Financial Report of the Company and its controlled entities for the year ended 30 June 2023 which includes the Financial Report and the Directors' and Auditor's Reports; to consider and, if thought fit, to pass, with or without amendment, Remuneration Report as contained in the Company's Annual Financial Report for the financial year ended 30 June 2023 be adopted; to consider election of Mr. Simon Kidston; to consider election of Mr. Peter Caristo; to consider the rectification of Capital raise; and to discuss other matters. New Risk • Sep 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (AU$495 revenue, or US$321). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$2.0m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$19.1m market cap, or US$12.4m). Annonce • Aug 29
QMines Limited agreed to acquire Develin Creek Copper-Zinc Project from Zenith Minerals Limited for AUD 4.5 million. QMines Limited agreed to acquire Develin Creek Copper-Zinc Project from Zenith Minerals Limited for AUD 4.5 million on August 28, 2023. Annonce • Feb 14
Qmines Limited Provides the Following Update on Exploration and Resource Drilling Operations At Its Mt Chalmers Copper and Gold Project, Located 17Km North-East of Rockhampton, Queensland QMines Limited provided the following update on exploration and resource drilling operations at its Mt Chalmers Copper and Gold Project, located 17km north-east of Rockhampton, Queensland (Figure 1). The Company completed a six-hole reverse circulation (RC) drilling program at Mt Chalmers for 1,190 metres at the end of November 2022. With the Mt Chalmers third and fourth Mineral Resource Estimate (MRE) delivered in November, this recent round of drilling aimed to test more distal extents of the deposit. Base and precious metal results from this drilling can be seen in Table 1, drill collar locations in Figure 2 and cross section AA' in Figure 3. The drilling results have delivered several intersections with copper equivalent grades up to 3.03% CuEq in hole MCRC051, which extends the mineralisation towards the north-west. In the north, drillhole MCRC051 intersected high-grade mineralisation of 3.03% CuEq over 12 metres from 158 metres. Nearby holes MCRC052 and MCRC053 were able to close the resource to the northwest. Hole MCRC050 was a greenfields exploration hole that tested a soil anomaly over a structural target. While this hole failed to intersect mineralisation it did end in altered footwall rock similar to the alteration underlying the Mt Chalmers resource. To the south, drillhole MCRC054 intersected 0.32% CuEq over 10 metres from 44 metres and 0.31% CuEq over 8 metres from 91 metres while drillhole MCRC055 intersected 0.75% CuEq over 14 metres from 83 metres and 0.85% CuEq over 3 metres from 47 metres. Mineralisation in these two drillholes is dominated by sphalerite (zinc) which reflects the distal extension of the system. Future drilling is expected to target Mt Warminster before moving to the large regional Cu-Zn soil anomalies. Drill targeting will greatly benefit from the recently completed VTEM Max airborne EM survey which is has recently been completed and is undergoing interpretation. Annonce • Feb 03
Qmines Limited Announces Andrew Sparke Will Move to the Role of Managing Director QMines Limited announced that Simon replaces Andrew Sparke as executive chairman who will move to the role of managing director of the company moving forward. Annonce • Feb 01
QMines Announces Management Changes QMines Limited announced that it has appointed Mr. Simon Kidston to the role of Non-Executive Chairman of the Company effective immediately. Simon replaces Andrew Sparke as Executive Chairman who will move to the role of Managing Director of the Company moving forward. Simon is a Director and Co-Founder of Genex Power Limited. Since Genex's inception, Simon and his team have funded, permitted and constructed a diversified $1 billion portfolio of renewable energy assets In Queensland and New South Wales. Outside of his role with Genex, Mr. Kidston also serves on a number of other boards including Non-executive Director of Lithium Plus Minerals, Non-executive Director of QC Copper & Gold Inc. and Chairman of Permagen, a premium private carbon credit developer. Annonce • Jan 20
QMines Limited Announces Commencement of 1,814Km Airborne (Helicopter) Electromagnetic (EM) Survey At Mt Chalmers Copper and Gold Project QMines Limited announced that its planned 1,814km airborne (helicopter) electromagnetic (EM) survey has commenced at the Company's Mt Chalmers Copper and Gold Project, located 17km north-east of Rockhampton, Queensland. Subject to weather or other unforeseen events, the survey is expected to be completed in early February 2023. The survey involves a helicopter flying during daylight hours at a nominal helicopter height of approximately 82m and loop height of 35m above ground level. Survey lines shall be flown in a north south (0-180) line direction, with lines expected to be approximately 100m apart. To date, the survey is approximately 8% complete with recent rain conditions expected to clear. The data acquired from this survey will assist QMines to map the extent of geological features such as rocks, faults, soil types and landforms at Mt Chalmers. Next: Updated metallurgical testwork for the Mt Chalmers deposit; Delivery of a pit optimisation study leading to the announcement of a maiden ore reserve statement; Complete the planned Scoping Study on the Mt Chalmers project assessing the potential for a stand along mining operation; Complete the current VTEMTM Max airborne Electromagnetic survey allowing the analysis, ranking and drilling of new anomalies; and Commence drilling prospective regional targets.