Latest Queensland Mining News

Ballymore Resources has kicked off a deep Magnetotelluric survey at its Dittmer Project, aiming to pinpoint a concealed porphyry copper-gold system beneath a historic high-grade gold mine while advancing underground development and resource drilling.

Austral Resources Australia Ltd has tabled a non-binding proposal to acquire Hammer Metals Ltd at A$0.087 per share, outbidding Larvotto Resources and aiming to bolster its Rocklands copper operations with a substantial new feed source.

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.

Larvotto Resources is set to acquire Hammer Metals in a $54 million all-scrip deal, expanding its Mt Isa copper portfolio to over 530,000 tonnes of copper equivalent and backed by a $15 million strategic placement from Glencore.

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.

NewPeak Metals’ maiden drilling at Tansey Gold Project reveals gold mineralisation extending beyond historic South Burnett mine boundaries and uncovers a previously unknown parallel structure, setting the stage for targeted resource drilling.

GBM Resources has reported high-grade gold intersections outside the current 309 deposit resource at its Twin Hills project, reinforcing the potential for resource growth and advancing development plans.

QMines Limited has converted $1 million of convertible notes to equity, becoming debt free and clearing the way for a $15 million strategic investment by QIC's Critical Minerals Fund, positioning it to advance its Mt Chalmers copper-gold project.

Carnaby Resources has unveiled a significant new high-grade copper-gold mineralised structure at its Trek 1 prospect in the Greater Duchess Project, Queensland, with drill results pointing to resource expansion beyond current estimates.

Strategic Energy Resources (ASX:SER) has locked in a $6 million joint venture with Sumitomo for its Bulimba Gold Project, secured $400,000 in government grants for drilling, and completed capital consolidation, positioning itself for a busy exploration season in Queensland.

Sunshine Metals reveals a robust Mining Study at its Liontown Project in Queensland, targeting shallow oxide gold with initial production of approximately 75,000 ounces of gold and 654,000 ounces of silver, generating an estimated net operating cashflow of $163 million. High-grade drilling results and a $202K government grant support ongoing exploration and development.

Cooper Metals has completed all regulatory approvals for a ~1,400m RC drill program at Ardmore North, targeting Q2 2026 commencement. The company also executed a strategic asset swap to acquire the Pyramid Gold Project, backed by a nearly $1 million placement.