Latest Queensland News

True North Copper's recent Fixed Loop Electromagnetic survey at Wallace North has identified multiple promising copper-gold drill targets, signaling potential resource expansion and extended mine life within its Cloncurry Copper Project.

Sunshine Metals has reported exceptional high-grade gold intersections from shallow drilling at its Liontown prospect, reinforcing its strategy to target near-surface oxide gold resources. The company plans to fast-track resource upgrades and mining studies following metallurgical testing.

Maronan Metals has significantly expanded its resource confidence at the Maronan Project, reporting a 2.5-fold increase in the Indicated Silver-Lead resource and introducing a maiden Indicated Copper-Gold resource. This update underscores the project’s growing potential as it advances towards development.

Antares Metals has revealed a significant new copper discovery named ‘Marvel’ near its Surprise Copper Mine in Queensland, potentially doubling the project’s mineralised footprint. The company prepares for a third drilling phase to further explore this promising target.

Babylon Pump & Power Limited (ASX – BPP) announces transformational acquisitions of Blue Hire and Matrix Hydro Services, significantly expanding its equipment rental and water management capabilities. The company is funding this growth through a $3.5 million entitlement offer and a $21.2 million debt facility, targeting a doubling of EBITDA by FY26.

Cannindah Resources has confirmed two untested porphyry copper-gold-molybdenum targets outside its existing 14.5Mt Mineral Resource at Mt Cannindah, revealing promising high-grade surface samples and setting the stage for deeper drilling.

Eureka Group Holdings has acquired Barrier Reef Tourist Park in Cairns for $3.5 million, targeting strong rental yields and development upside amid regional growth.

Pacgold Limited has raised $5.6 million through a two-tranche placement to accelerate drilling and exploration at its Alice River Gold Project in North Queensland, signaling strong investor confidence.

Australasian Metals Limited has identified significant chargeability anomalies at its May Queen Gold Project, suggesting promising sulphide mineralisation and supporting previous drilling results. The company plans targeted drilling to validate these new geophysical targets.

QEM Limited has raised A$2.05 million through a strongly supported placement to accelerate its Julia Creek Vanadium and Energy Project, coinciding with the retirement of founding CEO Gavin Loyden and the appointment of Robert Cooper as his successor.

Dart Mining has completed the first phase of diamond drilling at its Triumph Gold Project, revealing nine new zones of sulphide mineralisation and setting the stage for a potential resource upgrade.

Top Shelf International Holdings has resolved its long-standing excise debt issue, leading to the dismissal of Australian Taxation Office proceedings against its subsidiary.