Latest Bowen Basin News

Stanmore Resources delivered resilient first-half 2025 results despite severe wet weather, maintaining solid production and financial metrics while suspending its interim dividend amid economic uncertainty.

Stanmore Resources Limited reported a net loss of US$50.5 million for the half-year ended June 2025, reversing a prior profit amid falling coal prices and operational disruptions from severe weather. The company’s underlying earnings also took a hit, reflecting challenging market conditions.

Dalrymple Bay Infrastructure Limited reports solid half-year financial gains with increased revenue and profits, alongside a rise in terminal charges and reaffirmed distribution guidance.

Dalrymple Bay Infrastructure Limited reported a 17.1% rise in net profit to $43.1 million for H1 2025, declaring a 5.875 cents per security distribution and advancing $405 million in capital projects to enhance its coal export terminal.

Xstate Resources has received pre-approval to acquire a 51% stake in the Diona project, setting the stage for drilling operations and ASX trading resumption by late September.

Yari Minerals has integrated new data from three recently drilled coal seam gas wells, revealing thicker coal seams near its Rolleston South Coal Project. This promising development could expand the project's existing 151 Mt Inferred Resource.

Xstate Resources has extended its Re-compliance Prospectus Offer deadline to 21 August 2025, aiming to meet ASX conditions for re-admission by raising at least $2 million from 300 new investors.

Xstate Resources has divested its Austrian Anshof project to concentrate on its upcoming Diona drilling campaign in Queensland and a planned ASX re-listing backed by a $2-3 million capital raise.

State Gas Limited has successfully drilled two new wells at its Rolleston West Project, intersecting significant coal seams and initiating production testing, while engaging NSAI for independent reserve certification.

Blue Energy Limited has been awarded two significant Potential Commercial Areas in Queensland, boosting its contingent gas resources, while facing temporary suspension of pilot wells due to mechanical issues. The company is advancing regulatory approvals and exploring capital raising to support its growth.

Comet Ridge Limited has made significant progress in its Mahalo Gas Hub development, advancing engineering design, certifying substantial new gas reserves, and securing extended financing to support a Final Investment Decision.

Galilee Energy reported operational cost reductions and a $2.8 million cash balance following a partial capital raise, while progressing a farm-out process for its Denison Trough permit.