Latest Queensland News

QMines Limited has completed a significant drilling campaign at its newly acquired Develin Creek copper project, delivering promising assay results that reinforce the project's potential to expand the Mt Chalmers mine plan.

New Frontier Minerals Limited has reshaped its portfolio by divesting the Cangai Copper Mine and acquiring the highly prospective Harts Range Project, positioning itself at the forefront of critical mineral exploration.

Alma Metals reports strong drilling results at its Briggs Copper Project, revealing higher-grade copper zones near surface and a promising new mineralisation discovery at the Southern Porphyry Target. The company advances its resource update and mining studies with a solid cash position.

QX Resources has renegotiated its lithium brine project options in the US to reduce upfront costs while expanding its footprint, alongside progressing promising gold exploration in Queensland. The company ends the quarter with a modest cash position, underscoring the need for careful capital management.

Inca Minerals Limited reported steady progress in its December 2024 quarterly activities, focusing on refining exploration targets and securing funding while navigating regulatory and operational challenges.

NewPeak Metals has acquired the Allaru Vanadium Project in Queensland, marking a strategic pivot into critical minerals, supported by a planned $2–3 million capital raise via rights issue.

Zenith Minerals reported a 40% increase in its Dulcie Far North gold resource and secured A$2.48 million in new funding, positioning the company for aggressive exploration across its Australian gold and lithium projects.

Clara Resources outlines key progress on its Ashford Coking Coal Project drilling preparations and details ongoing capital management initiatives, including rights issues and entitlement offers, while navigating boardroom challenges.

Traka Resources reports steady progress in its December 2024 quarter, focusing on exploration at Gorge Creek and Cranbrook while withdrawing from Mozambique projects to sharpen its strategic focus.

Coppermoly Limited has advanced its Mt Isa exploration program with fresh geophysical surveys and strategic board appointments, aiming to unlock new copper and gold targets in Queensland.

Far East Gold Ltd has reported a maiden JORC resource estimate of 540,000 ounces of gold at its Idenburg project in Indonesia, alongside a conditional acquisition agreement and nearly A$10 million in funding from strategic investor Xingye Gold.

ASF Group Limited reported a $1.58 million cash balance for the December 2024 quarter, highlighting ongoing investments and a director retirement that could influence its strategic direction.