Latest Queensland Government News

Superior Resources Limited reports strong progress on its Steam Engine Gold Project, unveiling new gold zones and advancing feasibility studies, while securing government funding for Bottletree drilling and nearing a maiden resource estimate at Cockie Creek.

The Star Entertainment Group reported a 9% revenue decline to $271 million in Q3 FY25 alongside a $21 million EBITDA loss, driven by seasonal factors and operational challenges. The company is advancing strategic investments and joint venture exits amid ongoing liquidity pressures and regulatory hurdles.

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.

Vintage Energy reported a dip in quarterly sales and production but achieved cost savings and secured a key permit renewal, positioning itself for a production uplift program despite recent flooding delays.

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.

Red Metal Limited's March 2025 quarterly report reveals robust progress across its rare earth and base metals projects, underpinned by promising drilling results and supportive government funding.

Carnaby Resources has ramped up exploration at its Greater Duchess Copper Gold Project with a new drilling campaign at Trekelano and robust assay results across multiple prospects, backed by a strong cash position following a $4.2 million capital raise.

Native Mineral Resources Holdings Limited (NMR) has made significant progress on its Charters Towers Gold Project, completing key plant refurbishments and securing $15.9 million in funding to support a planned gold production restart in Q3 2025.

Metal Bank Limited has reported a substantial 73% increase in its Livingstone Gold Resource in Western Australia, while progressing exploration and development initiatives across Australia, Jordan, and Saudi Arabia, supported by a $275k Queensland government grant for graphite.

Alma Metals has released a significant update to its Briggs Copper JV Project resource, incorporating silver for the first time and demonstrating high copper recoveries. The company is progressing a scoping study and preparing for further drilling to expand and upgrade the resource.

Canterbury Resources has reported significant advances at its Briggs Copper Project, including enhanced metallurgical recoveries and a resource upgrade, underpinning a scoping study on track for mid-2025 completion.

The Star Entertainment Group has received a $650 million debt refinancing proposal from Oaktree Capital Management, offering a potential boost to its liquidity but shadowed by significant conditions and uncertainty.