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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
9 Jun 2026 8:35AM
Price at Release
$0.017
Full Release
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Summary
PolarX Limited announced notable copper assay results from the Caribou Dome Project, revealing potential under-reporting of copper grades in previous assays. The samples were re-analysed by ALS Brisbane, confirming higher copper contents. The project targets high-grade copper mineralization, with ongoing drilling funded by a partnership with Northern Star. The current 2026 drilling program seeks to explore IP anomalies and extend the depth and strike of existing mineralization, alongside additional regional surveys over new magnetic anomalies.
Key Points
  • PolarX Limited reported significant copper assay results from the Caribou Dome Project.
  • The company identified potential under-reporting of copper grades and sent samples for further analysis to ALS Brisbane.
  • ALS Brisbane used a 4 acid total digest method to confirm higher copper grades than previously reported.
  • The Caribou Dome Project includes several drill targets with confirmed high-grade copper mineralization.
  • PolarX is conducting a 2026 diamond drilling program funded through a joint venture with Northern Star.
  • The drill program aims to test IP anomalies and extend known mineralization depth and strike length.
  • PolarX plans additional regional exploration, including airborne surveys over new magnetic anomalies.
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.