Breakthrough Minerals (ASX:BTM) finalised its 100% acquisition of the North Queensland Copper-Gold Project.
The milestone, achieved through the purchase of Dingo Minerals, grants the company full ownership of a district-scale portfolio in the premier Mt Isa region.
The acquisition, which spans approximately 552km2 of strategic landholding, includes over 21.5km2 of granted mining leases positioned near established infrastructure operated by industry giants such as Glencore and Harmony Gold Mining.
The NQCG Project arrives with a substantial foundation, boasting an existing Global JORC (2012) mineral resource estimate of 18.8 million tonnes at 1.07% copper equivalent, representing roughly 200,000 tonnes of contained metal.
Beyond the current resource, historical drilling has yielded high-grade intercepts—including a standout 3 metres at 7.41% copper—suggesting potential for resource expansion and new discoveries.
By securing this asset, Breakthrough Minerals also inherits a functional operational base, including a modern 70-person mining camp, freehold property in Cloncurry, and essential mining equipment.
The company confirmed it is currently well-funded and "drill ready," with exploration programs designed to target high-priority extensions expected to commence in the coming months.
At the time of reporting, Breakthrough Minerals' share price was $0.17.