Revolver Secures Full $1.3M Queensland Grant, Eyes 2026 Copper Production
Revolver Resources has completed the final milestone of a Queensland government grant, unlocking full funding to fast-track its Dianne Copper Mine Project towards production in 2026.
- Final site engineering design milestone completed
- Full A$1.3 million grant from Queensland Critical Minerals Fund secured
- Advanced SX/EW process design de-risks project flowsheet
- Project positioned for Final Investment Decision in coming months
- First copper cathode production targeted for first half of 2026
Grant Milestone Unlocks Full Funding
Revolver Resources Holdings Ltd (ASX, RRR) has announced the completion of the final milestone under the Queensland Government’s Critical Minerals and Battery Technology Fund, securing the full A$1.3 million grant awarded in early 2024. This milestone involved finalising the detailed site engineering design for the Dianne Copper Mine Project in north-west Queensland, a crucial step that enables the company to proceed confidently towards development.
De-risking Through Advanced Engineering
Earlier in 2024, Revolver completed the Front-End Engineering Design (FEED) for the solvent extraction and electrowinning (SX/EW) process, delivering strong metallurgical results that substantially de-risk the project’s processing flowsheet. The recent site engineering design incorporates innovative solutions to scale operations efficiently, minimising environmental footprint and enhancing social outcomes; an increasingly important consideration for mining projects today.
Positioned for Investment Decision and Production
With all grant conditions satisfied, Revolver now holds all key technical and engineering details necessary to advance procurement and construction planning. The company is targeting a positive Final Investment Decision (FID) in the coming months, aiming to commence copper cathode production by the first half of 2026. This timeline aligns with growing global demand for copper, driven by electrification and renewable energy trends.
Strategic Importance of the Dianne Project
The Dianne Copper Mine Project is located within the polymetallic Hodgkinson Province, a historically rich mining region. Previously one of the highest-grade operating copper mines globally, the project now focuses on a low-capital-cost heap leach and SX/EW development approach. Revolver’s broader exploration strategy also targets additional mineralisation in the region, potentially adding further value beyond the current resource.
Government Support and Industry Context
The Queensland Critical Minerals and Battery Technology Fund aims to bolster local critical minerals extraction and processing capabilities, supporting economic growth and job creation. Revolver’s successful grant milestone achievement underscores the government’s commitment to fostering strategic mineral projects that contribute to Australia’s role in the global battery and electrification supply chain.
Bottom Line?
With full grant funding secured and engineering designs complete, Revolver is poised to make a decisive investment call that could reshape its copper production trajectory.
Questions in the middle?
- Will Revolver meet its targeted timeline for first copper production in H1 2026?
- How will fluctuating copper prices impact the project's final investment decision?
- What further exploration upside exists within the Dianne Project’s surrounding tenements?
