Revolver Resources Powers Ahead on Dianne Copper Project with QCMBTF Backing

June 24, 2025 11:50 AM AEST | By Team Kalkine Media

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Revolver Resources Powers Ahead on Dianne Copper Project with QCMBTF Backing — Image source: shutterstock

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Highlights

Revolver Resources advances copper project with $1.3M grant

Dianne Mine targets cathode production by early 2026

Copper prices soar, driving critical minerals investment

Revolver Resources (ASX:RRR) is accelerating its plans for the Dianne Copper Mine in Queensland after securing a $1.3 million grant from the Queensland Critical Minerals and Battery Technology Fund (QCMBTF). This funding marks a pivotal development in the company’s efforts to resume copper production at one of Australia's historically high-grade copper assets.

The grant follows Revolver’s successful completion of the engineering design phase and associated deliverables required by the fund. With these milestones now behind, the company is focusing on advancing key technical and design workstreams, paving the way for the next phase of project development.

Located approximately 260 kilometres northwest of Cairns in the polymetallic Hodgkinson Province, the Dianne Copper Mine boasts a strong production legacy. Historically, it yielded 63,758 tonnes of copper ore at an exceptional average grade of 22.7% copper. This high-grade deposit positions the project as a strategic asset in the push toward securing domestic supply of critical minerals.

The company, currently valued at around $8.28 million in market capitalisation, is aiming to produce copper cathode by the first half of 2026. A final investment decision is anticipated in the coming months, which could significantly shape Revolver's operational trajectory.

Revolver’s leadership acknowledges the significance of the QCMBTF grant, emphasizing its role as a non-dilutive funding source critical to unlocking the feasibility stage and ultimately restarting mining activities at the site.

This renewed momentum comes as copper prices continue to surge, with the commodity currently priced at US$4.87 (A$7.51) per pound. This marks a substantial 22.61% year-to-date increase, reflecting broader macroeconomic trends and rising demand driven by decarbonisation initiatives.

Copper remains a cornerstone of the global transition to Net Zero, with applications across wind energy systems, electric vehicles, and energy-efficient technologies. According to the International Copper Association, global demand is projected to double, reaching 50 million tonnes by 2050, aligning with net-zero targets and increased electrification.

Revolver Resources’ Dianne project aligns with broader national and global goals to establish resilient critical mineral supply chains. While the company is not currently a constituent of the ASX200, its strategic progress reflects the type of innovative, forward-looking initiatives shaping Australia's resource sector.

As the project progresses, Revolver Resources continues to position itself at the forefront of copper development in Australia, contributing to both regional economic growth and the global clean energy transition.

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