Revolver Resources’ Dianne project is accelerating with great momentum, according to managing director Pat Williams, as the company announces a maiden copper resource at the Far North Queensland site.

Revolver’s initial mineral resource estimate stands at 1.62 Mt grading at 1.1 per cent copper for 18,000 tonnes of copper metal.

Studies are underway to determine optimum scenarios for near-term production at the former mine, which operated from 1979 to 1982.

“This initial mineral resource estimate equips Revolver with the necessary information to progress a dual track approach to unlocking early value at Dianne,” Mr Williams said.

He said the the highly prospective copper district surrounding Dianne was now complemented by the clear definition of a starting resource with potential to support near-term open pit mining.

The initial resource estimate covers the Dianne mine primary and supergene massive sulphide (MS) and Green Hill supergene oxide deposits.

“Continuing nearby exploration activities are expected to add further tonnage to this initial estimate and the close-to-surface location of the Green Hill oxide ore has the geometry suitable to a bulk surface mining operation,” Mr Williams said.

“The deposit is located on granted mining leases, carried over from the previous operations that ceased in 1983.

“The forward work program at Dianne for 2023 will comprise ongoing activities across both the high-potential regional exploration as well as more definition and detail surrounding the production potential of the resource.

“The growing global demand for copper provides an ideal backdrop to support progress on all of these initiatives and grow the company exponentially.”

Revolver Resources last week announced moves to expand its foothold in the region – entering a farm-in style agreement with Colt Resources for exploration ground in the area.