Latest Queensland Exploration News

Aeris Resources reported solid FY25 results within guidance and secured $80 million in new equity to fund exploration and development projects, positioning itself for significant growth in FY26.

Aeris Resources has completed an $80 million equity placement and launched a share purchase plan, strengthening its balance sheet and setting ambitious production targets for FY26. The company is also divesting non-core assets to focus on growth and exploration.

Basin Energy has acquired NeoDys Limited, gaining a substantial uranium and rare earth exploration package in Queensland, and launched a $1.25 million capital raise to fund maiden drilling in late 2025.

Aeris Resources has announced a significant $90 million equity raise through a placement and share purchase plan, aiming to strengthen its balance sheet and fund key growth projects. The raise comes with a discount to recent share prices and supports the company’s strategic expansion and operational improvements.

Australian Silica Quartz Group reports promising gold drill results at Koolyanobbing Metals Project and seeks partners to fund exploration, supported by property sales.

Middle Island Resources has secured a transformational acquisition of Konstantin Resources, gaining full ownership of a promising Serbian copper-gold portfolio, while advancing exploration programs supported by a $3.4 million placement.

Ballymore Resources has identified significant shallow copper-gold mineralisation at its Andromache prospect through a recent induced polarisation survey, setting the stage for upcoming drilling campaigns across multiple Queensland projects.

Pacgold Limited has launched an extensive exploration campaign at its St George Gold-Antimony Project in Queensland, deploying soil sampling and geophysical surveys ahead of planned drilling.

Ballymore Resources has initiated a 30-day induced polarisation survey at the historic Andromache copper-gold prospect, backed by a $150,000 government grant, aiming to reveal deeper copper sulphide mineralisation and advance its Dittmer Project exploration.

Ballymore Resources has raised $4.5 million through a well-supported placement to accelerate exploration and development across its North Queensland projects, including the promising Dittmer gold deposit.

Aeris Resources has executed a $60 million refinancing deal with Washington H. Soul Pattinson, extending debt facilities and unlocking working capital, while maintaining its FY25 copper and gold production guidance. The company’s strategic focus on expanding copper output, particularly through the Constellation deposit, signals a confident growth trajectory.

X64’s December 2024 quarterly report reveals a 6% rise in gold production to 13,895 ounces alongside a reduction in all-in sustaining costs to US$1,994 per ounce, underpinned by strong underground drilling results and advancing Tigerway decline development.