Australia's QMines skids on divestment of Queensland projects

QMines

13/03/2023 24:42

** Shares of QMines Ltd  QML.AX  fall as much as 3.3% to
A$0.145 - set for worst day since Feb 27, if current losses hold
    ** Exploration co enters exclusive option agreement with
Queensland Critical Minerals Ltd
    ** Agreement for the divestment of co's Silverwood, Warroo
and Herries Range projects in South East Queensland
    ** Says option fee, cash and shares consideration for the
deal amount to about A$500,000 ($331,400)
    ** Shares hit their lowest since March 3
    ** Shares down 9.1% YTD, as of last close 
   
($1 = 1.5088 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))