Latest Queensland News

Basin Energy has completed its acquisition of NeoDys Limited, gaining a dominant landholding in northwest Queensland rich in uranium and rare earth elements. The company is poised to commence maiden drilling on three district-scale targets backed by government funding and recent capital raising.

LGI Limited has secured $56.2 million through a fully underwritten institutional placement and a Share Purchase Plan to fast-track its renewable energy projects and expand operating capacity beyond 80 MW. The capital raise underpins the company’s strategic growth in landfill biogas recovery and battery storage solutions amid rising energy market volatility.

Savannah Goldfields Limited has reported promising high-grade gold intercepts from recent drilling at its Electric Light Prospect in North Queensland, with plans for further exploration and metallurgical testing underway.

Zenith Minerals has launched a significant reverse circulation drilling program at its Red Mountain Gold Project, revealing visible gold at depth and confirming a large, continuous gold system. The company is well-funded to accelerate exploration and aims to expand the mineralised footprint rapidly.

Strategic Energy Resources has kicked off a fully funded 2,000-metre diamond drilling program at its Canobie Project in Queensland, targeting major copper-gold mineralisation under a joint venture with Fortescue.

Diatreme Resources reports significant improvements in mineral recoveries from metallurgical testwork on its Cyclone zircon-rich heavy mineral sands project, enhancing prospects for project development and shareholder value.

Insurance Australia Group (IAG) reported strong FY25 results and upgraded its FY26 guidance, reflecting the completed RACQ acquisition and ongoing strategic growth initiatives.

Audeara Ltd has reported a remarkable 111% revenue increase in Q1 FY26, driven by strong growth in its technology division and key international partnerships in China and Japan. The company is advancing towards cashflow breakeven with improved cash management and expanding global reach.

Insurance Australia Group (IAG) has upgraded its FY26 financial guidance following the acquisition of RACQ’s insurance business, projecting stronger premium growth and higher profits.

Aeris Resources reported solid Q1 FY26 results with steady copper and gold production, disciplined cost management, and advancing divestment plans for non-core assets.

Aeris Resources reported steady Q1 FY26 production with 10.3kt copper equivalent at AISC of A$4.64/lb, alongside significant growth capital investment and promising exploration results.

QMines Limited has completed an 8,600m drilling campaign at Develin Creek and initiated a 36-hole, 5,000m maiden drilling program at the high-grade Mount Mackenzie Gold-Silver Project, aiming to unlock significant resource extensions.