PEAK ASSET: MORNING WRAP 5 May: ASX 200 futures are pointing down 70 points or 0.8 per cent to 8645 | ASX to drop, oil surges, RBA decision awaited | Dart sets sights on gold and antimony upside in underexplored Queensland fields |

Dart sets sights on gold and antimony upside in underexplored Queensland fields

• Dart Mining targets gold and antimony upside in underexplored Queensland regions
• Drilling at Triumph points to potential expansion of existing 150,000 gold resource
• Drilling at Coonambula returns high-grade antimony and gold hits

Queensland’s gold mining history stretches back to the mid-1800s.

Amongst the most iconic operations of that era was Mount Morgan near Rockhampton, once among the richest gold mines in the world.

More recently, the Ravenswood mine south of Townsville highlights the scale that can emerge from the state’s historical goldfields. It churns out more than 200,000 ounces each year and is considered Queensland’s largest gold operation.

Aeris Resources (ASX:AIS) still generates about 40,000 ounces per year from its Cracow gold mine, despite the first discovery in the region dating back to the early 20th century.

Today, Queensland’s proven yet underexplored mineral fields are again attracting interest from ASX explorers, driven by elevated gold prices and growing demand for critical metals.

One company looking to carve out its own slice of fortune in the heart of Central Queensland is Dart Mining (ASX:DTM).

Its exploration efforts are bearing fruit as it looks to expand an already sizeable resource at its Triumph gold project, whilst reporting a stream of antimony and gold hits at its Coonambula asset.

Prospective regional setting

Dart concluded the acquisition of Triumph in late 2024, marking its entry into the prospective exploration terrain of Central Queensland.

The project lies in the New England Fold Belt – a geological structure stretching into NSW, best known for historical production of gold, silver, antimony and base metals.

The region also features the nearby Mount Morgan operation with about 8Moz gold endowment, and the multi-million ounce Cracow and Mt Rawdon mines.

“Central Queensland is very underexplored, a bit sleepy in terms of the jurisdiction, but no less abundant in precious metals and strategic and critical metals than any other part of the East Coast,” Dart Mining executive chairman James Chirnside told Stockhead.

Dart is now looking to breathe new life into Central Queensland as it advances exploration works at Triumph.

The project comprises two permits centred around the historical Norton goldfield and is interpreted as an advanced intrusive-related gold and silver system akin to Ravenswood.

Click here to read more

Source: Stockhead