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PolarX Limited (ASX:PXX)

ALERT: Price-sensitive ASX Announcement for PXX
Current share price for PXX : $0.017 0 (0%)+
Announcement
Release
18 May 2026 8:32AM
Price at Release
$0.017
Full Release
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Summary
PolarX Limited has identified a significant copper-gold target at its Alaska Range Project, highlighting a strong magnetic anomaly beneath mineralized surface samples. The anomaly, measuring 3.5km in diameter, extends from the Zackly skarn deposit to the Gemini prospect, suggesting a large mineralized intrusive system. High-grade surface mineralization, including samples with up to 8% copper and 19 g/t gold, were found at the Jupiter, Mars, Phobos, and Senator prospects. The company plans to conduct a Mobile Magnetotelluric survey in June 2026 to refine drill targeting across the Jupiter-Gemini corridor.
Key Points
  • 3D magnetic inversion modelling identified a 3.5km-diameter magnetic body.
  • Anomaly extends from Zackly skarn deposit to Jupiter and Gemini prospects.
  • High-grade surface mineralization includes up to 8% copper and 19 g/t gold.
  • Surface sampling returned significant copper and gold grades at multiple prospects.
  • Potential for a large-scale intrusion-related copper-gold mineralization system.
  • Mobile Magnetotelluric survey planned for June 2026 to refine drill targeting.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.