Fitzroy Resources operates Ironbark mine in central Queensland.
On 26 November, 2025, a newly formed company purchased a majority shareholding in Bowen Basin mining company Fitzroy Resources.
Argo Queensland, formed two months ago, has acquired a 70 per cent stake in the company for an undisclosed sum.
The transaction could take up to four months and was a strong vote of confidence in the long-term potential of the mines.

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