Revolver Resources Advances Pre-Construction at Dianne Copper Mine Project

Revolver Resources Holdings Ltd (ASX: RRR) continues to make strong progress at the Dianne Copper Mine Project in Queensland.

Significant advancements have been achieved across all pre-construction activities.

Dianne has historical production of 63,758 tonnes of shipped ore at 22.7% copper, from an open cut and underground operations between 1979 and 1983.

To put this into scale, Dianne is one of the world’s historically high-grade copper mines.

This provides Revolver with lucrative near-term production potential, and  compelling district scale exploration upside.

Timing is right as the copper price continues to rally near 12-month highs around US$4.45 a pound.

Advancing Dianne

Project debt and equity funding solutions are well advanced with a focus being on an asset / joint venture level.

There is also ongoing support from Queensland Government via maiden A$1.3 million grant from the Queensland Critical Minerals and Battery Technology Fund.

Several programs of environmental field assessment and monitoring have been completed.

This is to inform proposed EA amendments prior to planned production recommencement, subject to a Final Investment Decision and financing.

Traditional Owner engagement and broader workforce participation planning underway.

This puts Revolver on track for targeted first LME-grade copper cathode production during the second half of 2025, subject to a Final Investment Decision and financing.

Pathway to production

Pat Williams, managing director, 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.”

Dianne represents a highly profitable and relatively low development risk, capital-lite production opportunity for Revolver.

The project hosts a resource of 1.62 million tonnes at 1.1% copper with a 6.1% sulphide core, for 18,000 tonnes of copper.

At Osprey, the current strategy is to rapidly and cost-effectively screen the tenure for new Mt Isa-style targets, and also review the potential for Iron Sulphide Copper Gold systems.

 

 

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