Tag: Queensland mining

QIC tips $15m into Austral’s Rocklands copper expansion plans

Written by Industry Queensland on 7 August 2026. Posted in All News, Copper, Logistics.

Austral Resources (ASX: AR1) has secured a $15 million investment from the Queensland government-owned QIC Queensland Critical Minerals Fund to plan an expansion of its Rocklands copper processing plant in North West Queensland.

The study would assess lifting the plant's processing capacity from 3.0Mt a year to between 4.5 and 6.0Mt.

AR1 chairman David Newling

Chairman David Newling said the fund's support. . .

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Breakthrough’s first Turpentine holes hit high-grade copper down-plunge

Written by Industry Queensland on 6 August 2026. Posted in All News, Copper, Exploration.

Breakthrough Minerals (ASX: BTM) has reported high-grade copper-gold results from the first holes into a down-plunge target at its Turpentine deposit in North Queensland.

The company said the assays confirmed mineralisation on the interpreted northern extension, validating a target generated by its gravity inversion modelling.

Managing director Nigel Broomham the results reinforced the resource growth story across both of the company's cornerstone deposits.

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Miners call for pause on skilled migration changes

Written by Industry Queensland on 6 August 2026. Posted in All News, Mining People.

The Minerals Council of Australia has urged the Federal Government to suspend changes that deprioritise offshore skilled migration applicants and to consult industry first.

Council chief executive Tania Constable said the changes would make it harder for mining and other sectors to innovate, lift productivity and support the wider economy.

“Australian mining was built on migration during the Western Australian and Victorian gold rushes, and skilled migrants play crucial roles in today’s mining success by filling urgent workforce gaps and supporting long-term growth,” Ms Constable said.

Skilled migrants make up just 1.24 per cent of the Australian. . .

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Tailings facility next leg for Capricorn Copper restart

Written by Industry Queensland on 6 August 2026. Posted in All News, Copper, Energy.

by Ross Louthean

29Metals is looking to expanding plant capacity at its Capricorn Copper project in the Mt Isa inlier province where it is moving toward a mining re-commissioning.

29 Metals CEO James Palmer

As the last presenter at the Diggers & Dealers Forum, company CEO James Palmer said the project that was severely impacted by a major weather event in 2023 at a time when. . .

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Hammer caps Kalman drilling with a high-grade NW Queensland hit

Written by Industry Queensland on 6 August 2026. Posted in All News, Copper, Exploration.

Hammer Metals (ASX: HMX) has reported the final results from a resource-upgrade drilling program at its Kalman project in north-west Queensland.

The strongest result came from hole K-162, which returned 165 metres at 2.24 per cent copper-equivalent from 175 metres, including 50 metres at 3.76 per cent.

That intercept carried 0.47 per cent copper, 0.31 grams a tonne gold, 0.32 per cent molybdenum and 6.4 grams rhenium, the company said.

The recovered copper-equivalent grade combined those metals using assumed prices and. . .

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‘Vastly under-explored’: Southern Cross Gold eyes deep Isa copper-gold

Written by Industry Queensland on 5 August 2026. Posted in All News, Copper, Exploration.

by Ross Louthean

The Mount Isa ground held by Southern Cross Gold Consolidated (ASX: SX2) was 'vastly under explored,' chief executive Michael Hudson told Diggers and Dealers delegates.

The event is currently running in Kalgoorlie.

Southern Cross Gold Consolidated has three licences adjoining south32 and Anglo American in the Mount Isa district

“Despite highly prospective. . .

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TerraCom makes Richard Clarke its permanent CFO

Written by Industry Queensland on 5 August 2026. Posted in All News, Coal.

TerraCom (ASX: TER) has appointed Richard Clarke as its permanent chief financial officer and company secretary, effective immediately.

Mr Clarke had filled the roles on an interim basis since May, after joining the Brisbane-based coal miner in October 2025 as head of finance and commercial.

A chartered accountant, he had more than 20 years' experience in the Australian mining sector.

He had held senior finance and commercial roles at BHP. . .

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QMines lifts Mt Mackenzie gold resource and its confidence

Written by Industry Queensland on 5 August 2026. Posted in All News, Exploration, Gold.

QMines (ASX: QML) has delivered a larger, higher-confidence gold resource at its Mount Mackenzieproject in Central Queensland.

The updated estimate held 5.22 million tonnes at 1.01 grams a tonne gold, for 170,000 ounces ofgold and 1.12 million ounces of silver.

About 70 per cent of the contained gold was now classified as Indicated, up from about half in theestimate QMines acquired.

Indicated resources totalled 3.77 million tonnes at 0.99 grams gold for 120,000 ounces, with thebalance classified as Inferred.

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Alma’s first Briggs infill assays match the model as PFS drilling advances

Written by Industry Queensland on 4 August 2026. Posted in All News, Copper, Exploration.

Alma Metals (ASX: ALM) said the first assays from its 2026 infill drilling at the Briggs copper project in central Queensland had matched its resource model.

The company reported consistent copper mineralisation down the full length of the first three diamond holes, with grades mostly between 0.15 and 0.20 per cent.

Hole 26BRD0039 returned 322 metres at 0.17 per cent copper, including 87 metres at 0.23 per cent, and each hole ended in mineralisation.

Alma said the results showed low variance between predicted and actual grades, and validated. . .

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Sunshine drills virgin Francis Creek East in North Queensland gold hunt

Written by Industry Queensland on 4 August 2026. Posted in All News, Exploration, Gold.

Sunshine Metals (ASX: SHN) has taken a step into the unknown with the start of reverse circulation drilling at its Sybil epithermal gold project in North Queensland, starting with never-before-drilled ground.

The 72-hole, 4,528-metre program will test three targets — Francis Creek, Francis Creek East and Blue Range — and is expected to finish in September.

Drilling started at Francis Creek East, an outcropping vein system 1.7 kilometres east of Francis Creek that has never been drilled.

Main image: RC rig drilling Francis Creek East, Sybil project

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QMines drills beneath flooded Mt Chalmers pit as fully funded study accelerates

Written by Industry Queensland on 4 August 2026. Posted in All News, Copper, Exploration, Gold.

First-ever diamond drilling beneath the flooded historic Mt Chalmers open pit has commenced, testing extensions to the Central Queensland copper-gold deposit.

It's the feature of the QMines quarterly report.

A purpose-built floating platform is being used to reach mineralisation beneath the pit lake, which conventional land-based rigs could not access for decades.

The pontoon program forms part of a 10,000m campaign, supporting a Definitive Feasibility Study now fully funded through a $15 million package.

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Coppermoly turns to ground magnetics in Cloncurry copper-gold hunt

Written by Industry Queensland on 4 August 2026. Posted in All News, Copper, Exploration.

Coppermoly (ASX: COY) has stepped up early-stage exploration across its copper-gold prospects in the Mount Isa region of North-West Queensland.

The junior explorer commenced a ground magnetic survey and geochemical sampling at its Fox Creek project near Cloncurry during the June quarter.

Main image: CopperMoly tenements

The work covered the Miss Lorna Hit copper-gold prospect, which hosts historical mining sites and aeromagnetic anomalies but no existing electromagnetic data.

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Blair Athol coal sold below cost as weather batters TerraCom

Written by Industry Queensland on 3 August 2026. Posted in All News, Coal.

TerraCom's (ASX: TER) Blair Athol coal mine sold its coal for well below what it cost to produce and ship during the March quarter.

The central Queensland operation achieved an average price of A$117.54 a tonne, against free-on-board operating costs of A$148.10 a tonne, excluding royalties.

That left the mine selling coal more than A$30 a tonne below its cash cost, before royalties were even counted.

Blair Athol, one of Queensland's oldest coal mines, was hit by rainfall and cyclone activity that disrupted mining. . .

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Austral lobs $80m scrip bid for Hammer Metals

Written by Industry Queensland on 3 August 2026. Posted in All News, Copper.

Austral Resources (ASX:AR1) has made a binding takeover offer for fellow Queensland copper play Hammer Metals (ASX: HMX), valuing it at about $80.7 million.

Hammer's board unanimously judged the Austral proposal a 'superior proposal' to rival Larvotto's scheme, which it had backed in June.

The decision triggered a five-business-day matching right for Larvotto, running until 11:59pm AWST on Monday, 10 August.

Main image: Hammer Metals Kalman ore sorting

During that window, Hammer cannot sign a. . .

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Pembroke reports financial strain at Olive Downs coal mine

Written by Industry Queensland on 31 July 2026. Posted in All News, Coal.

Pembroke Resources is reporting financial strain at its Olive Downs steelmaking coal operation near Moranbah in Central Queensland, posting further losses as the recently built mine works through a ramp-up phase.

Half year accounts reported an operating loss of US$67 million for the half-year to 30 June 2026, against US$72 million a year earlier, and negative operating cash flow of US$69 million.

The trend improved late in the period with the company generating positive earnings before interest, tax, depreciation and amortisation of US$10 million in the June quarter and narrowed its net loss. . .

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Anglo American’s Queensland coal tax input more than halves

Written by Industry Queensland on 31 July 2026. Posted in All News, Coal.

Global miner Anglo American paid US$347 million in taxes and royalties from its Australian operations in 2025, less than half the prior year's total.

The figure is recored in its 2026 half year financial report.

The figure, down from US$783 million in 2024, reflected weaker earnings from the company's Queensland steelmaking coal business.

Royalties and mining taxes fell the most, dropping to US$156 million from US$547 million a year earlier.

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