Latest Queensland News

Alfabs Australia’s FY26 reset preserved free cash flow despite a sharp earnings decline, while Mining growth and debt refinancing form the bridge to a potential dividend restart. The company enters FY27 leaner, but the plan still depends on execution, cash conversion and Phase II debt restructuring.

Kelsian Group delivered record FY26 earnings and lifted its fully franked dividend, while preparing to become a more focused bus, coach and ferry operator. The next test is execution: completing the conditional tourism sale, mobilising new contracts and delivering against FY27 EBITDA guidance.

Tungsten Mining has appointed Jefferies Australia to pursue strategic investors for its Watershed tungsten project, adding a global investment bank to a funding campaign already covering debt, offtake and government support. The move expands the options around a project with a reported A$1.309 billion pre-tax NPV8, but no funding deal or Final Investment Decision has been secured.

Australasian Metals has paired a sharply smaller annual loss with a $1.05 million placement aimed at exploring two proposed Côte d’Ivoire lithium projects. The projects remain an option, not an acquisition, while May Queen drilling is being prepared in Queensland.

Australian Silica Quartz Group is shifting its centre of gravity from exploration to development after adding the 47.3Mt White Swan Kaolin Project. The project has an approved 250,000-tonne-per-year mining concept, but commercial offtake and feasibility work remain ahead.

Sunshine Metals reduced its annual loss and ended June with $20.6 million in cash, but its auditor flagged a material uncertainty over the company’s ability to continue as a going concern. The warning comes as Sunshine funds the Mt Moss processing conversion, faces a $10 million deferred payment and targets first gold in mid-2027.

Bindi Metals has converted its Ravni project in Serbia from surface exploration into a drill-tested gold-silver system, but the discovery story arrives alongside a larger loss and an auditor’s going-concern warning. The company ended June with $1.68 million in cash and a pipeline of follow-up drilling still dependent on future funding.

The Queensland Government has deferred the planned 90-day suspension of The Star Gold Coast’s casino licence until 31 March 2027. The reprieve comes with continued independent oversight and a clear warning that key remediation work remains unfinished.

Comet Ridge now controls the entire Mahalo Gas Hub after completing its Santos buyout, but the annual report flags a material uncertainty over funding and a potential $28.7 million CleanCo settlement. The company is targeting a final investment decision while remaining pre-production and reliant on further finance.

Ballymore Resources has extended high-grade silver-lead-zinc-indium mineralisation closer to surface at its Torpy’s discovery in North Queensland. The latest drilling supports a multiple-shoot interpretation, but the project remains at an early exploration stage with assays pending and no Mineral Resource defined.

Lightning Minerals has started a 262-sample Phase 3 soil program at its Warby Tungsten Project in North Queensland, with the first 162 samples already at the laboratory. Results expected in October will help determine whether open tungsten anomalies are ready to support maiden drilling.

Golden Globe Resources has reported a $2.23 million FY2026 loss after funding its first year as an ASX-listed explorer, while Dooloo Creek drilling confirmed copper-gold mineralisation. The company ended the year with $3.55 million in cash and says its near-term plans are funded, though further capital may eventually be required.