Eureka Project – Coming Soon

A new chapter in discovery is about to begin.

Diversified Mining and Resources is preparing to unveil the Eureka Project—an exciting new venture targeting high-potential gold and mineralised systems in a historically rich region.

Full project details, exploration data, and development plans will be released shortly.

Stay tuned. The next gold opportunity is just around the corner.

REGISTER INTEREST IN EUREAK PROJECT - CRADLE CREEK AND MUNJIN CREEK

EUREKA PROJECT (CRADLE CREEK AND MUNJIN CREEK) - PALMER RIVER REGION - ALLUVIAL MINING LEASES

Diversified Mining and Resources is offering exclusive access to premium mining lease opportunities on the legendary Palmer River in North Queensland. Known as The River of Gold, this historically rich area continues to produce exceptional results, making it one of Australia's most sought-after gold mining destinations. Two iconic creeks in this alluvial system are Cradle Creek and Munjin Creek. 

EUREKA PROJECT OVERVIEW

The EUREKA PROJECT  will comprise 3  Mining Lease Applications (MLAs) located within the historic Palmer River Goldfield on Palmerville Station, Queensland. These leases collectively cover a total area of TBA hectares and form the foundation of Diversified Mining and Resources' staged alluvial and eluvial gold development strategy.

Mun Gin Creek (112 Hectares)

High-Grade | Development Ready | Proven Gold Potential

Our flagship lease offering, Mun Gin Creek, spans 112 hectares and is fully prepared for immediate development. With a cutoff grade of one ounce per 100 cubic meters, and even higher concentrations in select zones, this lease is ideal for companies looking for fast, high-yield outcomes.

What’s Included:

  •  Comprehensive sampling data and nugget find records

  •  Detailed work program for a streamlined operation

  •  Landholder agreements in place for seamless access ensuring ease of access and compliance

  •  High-resolution geological mapping data for precise planning and resource extraction.

  • Mun Gin Creek is ready to mine — all the groundwork has been completed, allowing you to move quickly from acquisition to production.

Mun Gin Creek is just the beginning of a portfolio that will redefine resource development potential.

 

Fish Creek EPM 27607, Palmerville Station

The Fish Creek EPM is a significant area of Palmerville Stations mineral rights.

Aerial geophysics is planned for the 2023 dry season, followed by further investigation of anomalies during the year.

 

Landholder Compensation Agreements

All mining leases within the Eureka Project, including Munjin Creek and Cradle Creek, will be underpinned by formally executed Landholder Compensation Agreements. These agreements represent a critical component of the project’s readiness and operational certainty.

The agreements provide:

  • Fixed annual compensation amounts, offering financial clarity for both parties

  • Secure access to water resources, including the right to construct a dam on adjoining land to support mining and rehabilitation activities

  • A bundled annual fee structure that covers:

    • Biosecurity inspections

    • Water quality monitoring

    • Savanna burning program contributions

    • Administrative and compliance costs

By securing these agreements early, Diversified Mining and Resources Pty Ltd (DMR) has mitigated the risk of future delays caused by litigation or prolonged negotiation, ensuring a clear and cooperative pathway to development.

The certainty provided by these agreements demonstrates strong landholder relations and supports DMR’s commitment to responsible, collaborative, and sustainable mining.

 

Native Title

Diversified Mining and Resources Pty Ltd (DMR) is committed to operating in accordance with Australia’s Native Title legislation and respectfully engaging with Traditional Owners.

All mining leases within the Eureka Project are located within areas under the custodianship of the Western Yalanji People. DMR is in the process of finalising Right to Negotiate Agreements with the Western Yalanji Aboriginal Corporation (WYAC), the Registered Native Title Body Corporate (RNTBC) representing the Traditional Owners.

These agreements will provide:

  • Legal clearance of all mining lease applications under the Native Title Act

  • Certainty of annual costs and fees, including cultural heritage management

  • A structured framework for ongoing consultation, access, and land use protocols

By proactively entering into these agreements, DMR ensures the project proceeds with transparency, mutual respect, and compliance with all cultural and statutory obligations. The company looks forward to a long-term, collaborative relationship with the Western Yalanji People that supports both economic development and cultural heritage preservation.

Area Location - Palmer River - Palmerville 

 

General Area Information

The mining lease application area is situated approximately four hours' drive west of Cairns, a major regional hub in Far North Queensland.

The nearest town centre is Mareeba, located around 150 kilometres to the southeast. The application is positioned within the boundaries of Palmerville Station and lies on the 1:100,000 Maytown topographic map sheet.

The landscape is characteristic of the Hodgkinson Formation, featuring rugged stony hills and ridges intersected by a fine-textured dendritic drainage network. Central to the application area are elevated ridgelines rising to approximately 340 metres above sea level, standing 30–40 metres above the surrounding terrain.

The topography is defined by tropical savannah woodland interspersed with vegetated hills and seasonal watercourses.

Vegetation in the region is dominated by stunted eucalypt species and speargrass—typical of northern Australian savannah ecosystems. Larger tree species such as river gums, paperbarks, and tea-trees are generally confined to major creeks and riverbeds.

Climatically, the region experiences a pronounced wet season from January to April, driven by summer storms and the influence of the north-west monsoon. The area receives an average annual rainfall of approximately 1,500 mm. Temperatures range from a minimum monthly average of 15°C in July to a maximum of 34°C during the hotter months between October and January. Due to the seasonal rainfall concentration, exploration activities are generally limited during the peak of the wet season, particularly between January and March.

 

Geological and Historical Context

The mining lease application area lies within the Hodgkinson Formation, part of the Hodgkinson Province in Far North Queensland. This geologically rich formation is primarily composed of laterally discontinuous arenites, siltstones, and shales, interbedded with minor conglomerates, chert, basalt, and limestone. These sedimentary sequences are interpreted as the result of turbidity current deposits in a deep-water submarine fan system, formed during the Devonian period (Bain & Draper, 1997).

Over time, the formation has been subjected to multiple phases of both brittle and ductile deformation, ranging from early isoclinal folding and protomylonite development to later-stage, steeply plunging folds and reverse faulting (Dugdale, 1989). Cratonisation occurred in the Early Permian, following extensive magmatic activity including the emplacement of granitic plutons and widespread volcanic episodes.

One of the most significant regional geological structures influencing the area is the Palmerville Fault, which demarcates the boundary between the Proterozoic Dargalong Metamorphics to the west and the Siluro-Devonian sediments to the east. This fault system played a critical role in controlling sedimentation along the western margin of the province (Shepherd, 1992).

The regional geology is further intruded by large Permian–Carboniferous granitic bodies, notably the Whypalla Supersuite and the Cannibal Creek Granite. These igneous intrusions, along with isoclinal folding and major north-northwest–south-southeast trending structural lineaments, have shaped the mineralisation framework of the region.

Mineralisation and Production History

The Hodgkinson Formation hosts widespread and diverse mineralisation. Notable historic production centres include the Herberton–Irvinebank tin field, and the Palmer River and Hodgkinson goldfields. Mineral occurrences within the region include:

  • Gold, typically in epigenetic quartz vein systems hosted in fissures, reverse faults, laminated veins, stockworks, and breccia zones.

  • Tungsten, primarily as wolfram and scheelite.

  • Molybdenum, commonly found as molybdenite, often in association with gold veins.

  • Antimony, occurring as stibnite, frequently as a minor gold associate.

  • Base metals, such as copper, lead, and zinc, particularly in sub-volcanic environments like the OK Mine.

The gold mineralisation is often associated with limonite, pyrite, arsenopyrite, galena, sphalerite, chalcopyrite, and stibnite. Although alluvial gold has historically dominated production figures, the region also hosts significant hard rock gold potential, particularly around Maytown and the Hodgkinson field.

Production Highlights

The Palmer River catchment, which includes the current application area, has yielded over 1.3 million ounces of gold, with more than 90% sourced from alluvial deposits. In contrast, approximately 90% of the 300,000 ounces historically produced from the Hodgkinson field were derived from hard rock sources.

Historic hard rock operations include:

  • Tyrconnel Mine

  • Kingsborough and Thornborough mining clusters

  • Big A Antimony Mine, which produced antimony in the late 1800s and still features heritage infrastructure such as a brick smelter chimney

In the modern era, various mining companies have undertaken further development:

  • Solomon Mines processed gold from the Tregoora region in the 1980s–90s, producing less than 20,000 oz from deposits such as Black Knight, Sleeping Giant, Retina, and Rainbird.

  • A 100ktpa CIP plant was established at Minnie Moxham (Northcote area) in the late 1980s, producing around 3,500 oz of gold.

  • In 1991–92, Nittoc Mining Corporation treated 78,246 tonnes of oxide ore at an average of 5.2 g/t Au, recovering approximately 12,000 oz of gold.

These operations have since ceased, and the areas have been rehabilitated.

Historical Exploration and Mining

The region surrounding the current mining lease application has a long and well-documented history of exploration and gold production, dating back to the 19th century and continuing through to the modern era.

Modern Exploration Activity

Over the past several decades, the area has attracted significant exploration interest from major mining companies, including BHP, Placer, Western Mining Corporation, Huston Minerals, and Republic Gold Limited. Republic Gold, which listed on the ASX in 2003, conducted approximately 16,000 metres of drilling in the area. By 2009, the company had published a resource estimate before shifting its focus to other assets.

To the south of the current application area, Territory Minerals holds tenements with a JORC-compliant gold resource of over 200,000 ounces. Their exploration has involved extensive drilling campaigns, providing a valuable reference point for potential mineralisation trends in the broader district.

Despite this activity, regional exploration remains limited, particularly in terms of identifying new structural gold targets. The application area and its surrounds have seen very little modern geophysical work, such as high-resolution magnetics or Induced Polarisation/Resistivity (IP/Res) surveys, which are essential for delineating gold-bearing structures in this geological setting. This lack of systematic geophysical mapping presents a significant opportunity for greenfield discovery, especially in an area where known structural controls are closely associated with mineralisation.

Historical Mining Legacy

The area is steeped in gold mining history, beginning with the famed Palmer River Gold Rush of the 1870s. Several rushes occurred within close proximity to the application site, including:

  • Sandy Creek Rush (5 km west)

  • Oaky Creek Rush (x km southwest)

  • Perdies Camp Rush (x km south)

  • Dogleg Creek Rush (x km east)

These early discoveries led to a proliferation of small-scale gold operations, with over 100 historical mining leases, primarily focused on alluvial gold extraction, registered in the surrounding region.

From the 1970s to the 1990s, larger-scale alluvial mining operations were carried out by companies such as AUR, ADR, and Cambrian Resources, particularly along Sandy, Oaky, and Dogleg Creeks. These operations significantly contributed to the gold output of the region and demonstrated the viability of scalable gold recovery in this terrain.

Today, over 30 granted Mining Leases (MLs) and Mining Lease Applications (MLAs) remain active in the area, underscoring the ongoing interest in the mineral potential of this historic goldfield.

 

Other Significant Mining Operations in the Region

The area surrounding the current mining lease application is part of a highly active and resource-rich corridor in Far North Queensland, hosting several advanced mining operations and exploration projects. These projects highlight the strong mineral endowment and continuing investment in the region’s mining sector:

  • Mungana Gold-Copper Mine – Actus Resources
    Operating a 700,000 tonne per annum (Mtpa) processing plant, Mungana includes a fine grind circuit and copper flotation capabilities, supporting high-efficiency recovery of polymetallic ores.

  • Mount Garnet Copper Mine – Consolidated Tin Mines Ltd
    A key regional base metals operation producing copper concentrate, which is trucked to the port of Townsville for export. The site also contributes significantly to regional employment and infrastructure.

  • Mount Carbine Tungsten Project – EQ Resources
    One of Australia’s most significant tungsten projects, Mount Carbine is undergoing active feasibility studies and exploration drilling beneath the historical open pit. Mining operations recommenced in 2023, with a focus on reprocessing stockpiles and expanding hard rock production.

  • Dianne Copper Mine – Revolver Resources
    A high-grade historical copper deposit currently undergoing exploration and resource definition, with recent drilling programs targeting extensions to known mineralisation.

  • Territory Minerals
    Actively engaged in exploration and feasibility studies on tenements south of the current application area, Territory Minerals has already established a JORC-compliant gold resource exceeding 200,000 ounces, demonstrating the ongoing potential of the region’s mineral systems.

These projects, in conjunction with historical production and ongoing exploration, position the broader region as a strategic mining corridor with strong logistical, geological, and economic potential. The presence of processing infrastructure and transport routes further enhances development opportunities for new discoveries such as those being progressed by Diversified Mining and Resources Pty Ltd.

Sampling Methodology

Precision Techniques to Validate Recoverable Gold Potential

Over the past 20 years, our prospecting partner has conducted extensive exploration and manual sampling of alluvial and hard rock deposits across Australia. His work spans a wide range of commodities, including critical minerals, base and precious metals, and rare earth elements—with a strong emphasis on gold exploration and project development throughout North Queensland.

His methodology was specifically designed to determine recoverable gold rather than total gold content—an important distinction in alluvial operations, where a portion of the gold may be locked in sulphides such as pyrite and therefore uneconomical to extract using gravity methods alone.

Each sample was collected and processed following this rigorous, field-based procedure:

  1. Excavation to Bedrock
     A test pit was manually excavated using pick and shovel to reach bedrock.

  2. Profile Sampling
     A consistent vertical profile sample was scraped from the entire wall of the excavation and collected into a 30-litre bucket.

  3. Screening
     Material was screened down to minus 3 mm. Nuggets exceeding 3 mm were recorded separately but not included in grade calculations to avoid skewing results.

  4. Panning & Concentration
     The screened material was panned down to a fine concentrate using traditional gravity techniques.

  5. Smelting & Assay
     - The concentrate was mixed with borax at a 2:1 ratio
     - Smelted using an induction furnace
     - Poured and cooled into gold buttons
     - Weighed to determine gold content

The grade for each sample was calculated using the following formula:
(Gold weight in grams ÷ 30 litres) × 1000 = Grade in g/m³

This hands-on method delivers highly reliable, real-world data on gold recoverability under gravity circuit conditions—offering a more accurate picture of potential economic returns than laboratory-based assays alone.

TBA

EUREKA PROJECT - MUNJIN CREEK LEASE 1 - TBA

EUREKA PROJECT - CRADLE CREEK LEASE 2 - TBA

TBA