Wholly-owned projects
Avonlea
Inverell, New South Wales
A heavy rare earth project in weathered clay near Inverell. Earlier explorers assayed only for bauxite.
- CommodityHeavy rare earths (clay)
- TenureELA 7140 · 322 km²
- StatusApplication lodged Oct 2026
- Best result (historical)5.26 m @ 1,283 ppm TREO
- AccessFarmland, with roads and power lines across the licence
Historical result, not reported under JORC 2012. ELA 7140 is an application and has not been granted.
Wheal Ellen & Mount Torrens
Adelaide Hills, South Australia
Two base and precious metal projects in the Kanmantoo Trough, with historical workings and drill-ready EM and magnetic targets.
- CommodityPb-Zn-Ag-Au-Cu
- TenureEL 7124 (83.5 km²) and EL 7127 (64.8 km²)
- StatusGranted May 2026
- Wheal Ellen best hole4 m @ 138 g/t Ag, 2.87 g/t Au, 13.5% Zn, 6.4% Pb
- Mt Torrens (historical)700 kt @ 6.4% Pb, 1.6% Zn, 41 g/t Ag
- AccessAbout 8 km from the Angas mine and 40 km from Adelaide
The Wheal Ellen hole is WHRC033, a historical Hillgrove result (2008) over a down-hole width. The Mt Torrens figure is a historical estimate (pre-JORC).
Wintinna
Arckaringa Basin, South Australia
A thermal coal project in the Arckaringa Basin. About 85% of the 837 Mt historical resource lies inside Opal's EL 7142.
- CommodityThermal coal
- TenureEL 7142 · 203 km²
- StatusGranted Jul 2026
- Resource (historical)837 Mt (~85% in EL 7142)
- AccessAbout 66 km to the Adelaide–Darwin railway and 70 km to the Stuart Highway
837 Mt is a historical estimate, not reported under JORC 2012.
Our Investments
Interests Opal keeps in projects it has sold.
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Diablo ResourcesASX: DBOShareholder, with a 20% free-carried interest in Horn Silver / Porphyry Peak (Utah, USA), a royalty on Porphyry Peak and milestone payments.ASX →
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Hawk ResourcesASX: HWKShareholder, with a 20% free-carried interest in Olympus (West Musgrave, WA).ASX →
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Dragonflywith Wascan Pty LtdA 44% interest in the Dragonfly project (West Musgrave, WA). The licence applications are held by Wascan Pty Ltd.