Revolver Resources Holdings Limited has announced that it has achieved the final milestone under the Queensland Government’s Critical Minerals and Battery Technology Fund. The company confirmed that it has met the last grant condition with the completion of the Dianne site engineering design, following the earlier success of finalizing its SX/EW process Front-End Engineering Design in late 2024. With a total grant of A$1.3 million awarded in February 2024, the funding has been instrumental in fast‐tracking technical and design workstreams on the Dianne Copper Mine Project. This project, located in north-west Queensland’s Hodgkinson Province and historically renowned for high-grade copper, is now primed for further procurement and detailed construction planning. The enhanced engineering designs incorporate innovations that minimize operational footprints while delivering strong environmental and social outcomes, and the project is targeting a positive Final Investment Decision in the coming months with first copper cathode production slated for the first half of 2026. Market sentiment can be seen from two sides. On the bullish front, the successful completion of the grant milestones reinforces confidence in the project’s technical and operational readiness. The non-dilutive financing has de-risked key aspects of the process flowsheet, positioning the project closer to production and potentially supporting a renewed domestic copper supply, which is particularly appealing given the ongoing global demand for critical minerals. Conversely, some cautious observers point to inherent market risks that accompany forward-looking projects. Concerns remain around the volatility of copper prices, potential delays in achieving the final investment decision, and the typical operational challenges that can impact mining and processing timelines. Overall, the announcement reflects a significant step forward for Revolver Resources Holdings Limited as it advances toward restarting copper production in an increasingly competitive and technically demanding market.