Latest Queensland News

Great Divide Mining Ltd has taken a decisive step from explorer to gold producer by securing a farm-in agreement for the Adelong Gold Project and raising $2.05 million to fund production restart and exploration activities.

Traka Resources has made a strategic leap into West Africa with a joint venture on the Didi Gold Project in Guinea, positioning itself near AngloGold Ashanti’s prolific Siguiri Mine. The company plans targeted drilling next quarter while maintaining its Australian exploration assets.

PeopleIn Limited reported a $6.3 million Q3 FY25 EBITDA, down from $6.9 million last year, affected by severe weather in Queensland. Strong cash flow helped reduce debt, underscoring resilience despite ongoing trading challenges.

Middle Island Resources completed analysis of its maiden drilling at the Georgina Project and secured three new exploration permits in Queensland, while renewing its board with two new directors post-quarter.

Hammer Metals Limited reported significant progress in its March 2025 quarter, highlighting promising drilling results at Lady Jenny and Mount Mascotte, alongside ongoing joint venture activities and a solid financial position.

Latitude 66 Limited’s March 2025 quarterly report highlights a compelling Scoping Study for its flagship KSB Gold-Cobalt Project in Finland, confirming strong economics and promising expansion potential. Concurrently, exploration advances at KSB North and Edjudina, alongside strategic corporate developments.

New Frontier Minerals has identified 46 priority exploration targets rich in heavy rare earth elements at its Harts Range Project and formalized a strategic alliance to process copper ore from its Big One Deposit, marking significant progress in its multi-commodity portfolio.

Locality Planning Energy Holdings Ltd (ASX: LPE) reports a cashflow positive nine months to March 2025, confirms no material impact from Cyclone Alfred, and announces key board appointments to support growth.

Key Petroleum has submitted eight PCA applications in Queensland and launched a rights issue to raise A$312,225, aiming to fund both domestic development and international expansion despite a cash balance of just A$20,000 at quarter-end.

Desane Group Holdings reports a $6.6 million uplift in its property portfolio valuation, driven by strong leasing activity and market demand, enhancing shareholder value with a 9-cent increase in net tangible assets per share.

Far Northern Resources has secured approval for a major drilling program at Bridge Creek and submitted a renewal for its Empire mining lease, maintaining a robust cash position after modest exploration spending in Q1 2025.

Strike Resources has made significant strides in advancing its Apurimac Iron Ore Project in Peru, engaging closely with government officials and infrastructure partners to secure critical logistics and permitting milestones. Meanwhile, its stake in Lithium Energy Limited sees progress amid asset sales and spin-out plans.