Latest Queensland Government News

Ballymore Resources has expanded its gravity survey at the Ruddygore Project, revealing several high-priority targets beyond its flagship Torpy’s discovery. The results validate prior drilling and set the stage for a busy exploration campaign backed by government funding.

Omega Oil & Gas has secured full funding for its 2026/27 appraisal campaign targeting the Taroom Trough, positioning the company to advance one of Australia’s most promising unconventional oil and gas plays.

Clara Resources has secured options over 111 square kilometres of new tenure along the Kingsborough Fault corridor at its Mareeba Gold Project, consolidating a district-scale landholding rich in gold, antimony and tungsten prospects.

Strategic Energy Resources (ASX:SER) is set to embark on a busy 2026 drilling season with three funded diamond drill programs across its Canobie, Diamantina, and Bulimba projects, targeting multiple high-potential copper and gold prospects in Queensland.

Basin Energy has lodged a new exploration licence application adjacent to its Sybella-Barkly Rare Earth Project in northwest Queensland, enlarging its rare earth target area amid promising early drilling results and government support.

South32 advances its stake in Hammer Metals’ Isa Valley project with a A$3 million exploration commitment, while Sumitomo Metal Mining Oceania signals withdrawal from the Bullrush joint venture.

Killi Resources has significantly extended the King Louie Breccia gold-copper-molybdenum anomaly at its Mt Rawdon West Project, setting the stage for imminent drill testing backed by government funding.

Sunshine Metals has secured $7.7 million through an oversubscribed Share Purchase Plan, exceeding its $3 million target, to fund the Mt Moss processing facility acquisition and Liontown mine start-up.

Infragreen Group Limited (ASX: IFN) forecasts a robust FY26 with underlying EBITDA rising to $22.5m-$25m and underlying NPAT surging over 270%, driven by solid performances in Energybuild and Pure Environmental. The company anticipates continued momentum into FY27, despite some short-term headwinds in Minemet and Merredin Energy.

Ballymore Resources has pushed the boundaries of its Torpy’s silver-lead-zinc-indium discovery in North Queensland, with initial results from a fresh 3,000m drilling campaign revealing broad zones of massive sulphide mineralisation closer to surface. Assays are due in June, while a government-backed gravity survey aims to unlock further targets across the Ruddygore corridor.

Ballymore Resources has kicked off a detailed gravity survey across a 32km corridor at its Ruddygore Project, aiming to refine targets for silver-lead-zinc and skarn-porphyry deposits. Funded by $383,000 in Queensland government grants, the survey complements ongoing high-grade drilling at Torpy's.

Antares Metals (ASX: AM5) has landed $237,500 in non-dilutive government funding to jumpstart drilling and geophysical surveys at its Quinns Copper-Gold-Zinc Project in Western Australia, targeting the historic Austin VMS deposit and nearby prospects.