Latest Bowen Basin News

Yari Minerals has agreed to acquire the Rolleston South Coal Project, adding a JORC-compliant inferred resource of 78.9 million tonnes in Queensland’s Bowen Basin. The deal includes shares and performance rights, with plans to expand and upgrade the resource through drilling.

Stanmore Resources has released an updated maiden Reserves Statement for its Isaac Downs Extension metallurgical coal project, confirming 52 million tonnes of Run of Mine coal reserves and a robust +20-year mine life supported by existing infrastructure.

Omega Oil and Gas has reported robust oil and gas flows from its Canyon-1H well in Queensland’s Bowen Basin, confirming commercial potential and securing $7 million in fresh capital alongside a strategic board appointment.

Xstate Resources has acquired a 51% stake in the Diona project, setting the stage for its ASX re-quotation and a planned drilling campaign in the third quarter of 2025. The company is also undertaking a capital raise of at least $1.5 million to support these initiatives.

State Gas Limited advances its Rolleston West Project with successful drilling of two vertical wells confirming coal and gas continuity, aiming to establish a maiden 2P reserve. Concurrently, the company expands its high density natural gas supply, targeting significant revenue growth through a six-truck dual fuel trial.

Blue Energy has resolved a significant legal hurdle by securing an amended Environmental Authority for its Sapphire asset, enabling progression of the Petroleum Lease 1034 and continued pilot production testing despite operational interruptions.

Comet Ridge Limited reports significant progress on its Mahalo Gas Hub project, with upstream and pipeline FEED studies advancing, robust pilot production at Mahalo East, and active negotiations on gas sales and funding arrangements.

Stanmore Resources has announced a maiden JORC-compliant coal reserves statement for its Isaac Downs Extension project, confirming 52 million tonnes of run-of-mine coal reserves and a mine life exceeding 20 years. The project leverages existing infrastructure and low capital requirements, positioning it as a significant metallurgical coal asset in Queensland's Bowen Basin.

Blue Energy Limited reports steady progress in its Sapphire Pilot gas production despite operational interruptions and ongoing environmental authority appeals, while advancing seismic exploration in the Northern Territory.

Bowen Coking Coal reported a strong December quarter with record coal sales and a 39% reduction in cash costs, underpinning a $29 million EBITDA despite softer coal prices.