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Highlights
- Revolver Resources’ Dianne Copper Mine Project has reached advanced stages of planning for operational recommencement.
- The company has secured a maiden grant of AU$1.3 million from the Queensland Government.
- The project is on track for targeted first LME-grade copper cathode production during 2H 2025.
Revolver Resources Holdings Limited (ASX: RRR) is making substantial progress at its Dianne Copper Mine Project in northern Queensland. The company has secured financial aid for the project development from the Queensland Government through a maiden AU$1.3 million grant.
The company is targeting the first LME-grade copper cathode production in the second half of 2025.
The company has advanced major works including:
- Conducting field assessments and baseline site monitoring across various aspects.
- Finalising a detailed site civil engineering and layout configuration.
- Commencing a detailed column leach test work.
- Undertaking mine planning and scheduling activities for the Dianne deposit.
- Initiating significant engagement with traditional landowners and other local community stakeholders regarding the Dianne Copper Mine Project.
- Carrying out detailed project execution planning, with a contract delivery model settled upon. Pricing review and long lead time item procurement planning are underway.
Managing Director Pat Williams commented: “Revolver is fortunate to be in a very unique position with a high-grade copper ore body at-surface at the Dianne Mine. We have no existing debt and we have a truly incredible pathway to generating production revenues, to fund the Company’s growth and accelerate the scale of our exploration activities across our highly prospective tenure at the broader Dianne and Osprey Projects.”
At the time of writing this article (TUE 23 Apr 12:27 PM AEST), the share price of RRR was AU$ 0.055, with a gain of 3.773%.