Australia's QMines jumps on bets of more minerals at Queensland project

QMines

13/01/2025 03:01

** Shares of QMines  QML.AX  jump 20.8% to A$0.058, set for
its biggest intraday pct surge since mid-Aug 2024
    ** Miner says infill drilling has lifted confidence in
continuity of copper, gold, silver and zinc mineralisation at
the Develin Creek project in Queensland
    ** Adds, step-out drilling has identified a potentially new
mineral deposit style at the nearby Window copper prospect
    ** Stock at a near one-month high, with trading vol of
405,000-plus shares about 1.2x the 30-day avg
    ** Stock lost 34% last year

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))