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QX Resources Limited (ASX:QXR)

ALERT: Price-sensitive ASX Announcement for QXR
Current share price for QXR : $0.003 -0.001 (-25%)+
Announcement
Release
19 Mar 2026 9:51AM
Price at Release
$0.004
Full Release
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Summary
QX Resources Limited has announced the confirmation of high-grade supergene uranium mineralisation at the Madaba Uranium Project in the Luwegu Basin, southern Tanzania. The digitisation of historical trenching has revealed exceptional uranium grades at surface across multiple prospects, identifying nine immediate high-priority drill targets. Significant trench results include various high percentages of U₃O₈, and a total of 36 historical trenches offering potential for shallow, high-grade uranium resources. Planned activities include field verification, an airborne survey in Q2, and initial drilling of priority targets in Q3. The exploration benefits from the expertise of Dr Joseph Drake-Brockman, who has prior experience with uranium exploration in the region.
Key Points
  • High-grade supergene uranium mineralisation confirmed at Madaba.
  • Exceptional trench sampling results include significant percentages of U3O8.
  • 36 historical trenches identified, with nine immediate drill targets.
  • Planned field verification and airborne survey in Q2.
  • First-pass drilling of priority targets in Q3.
  • Project located in the Luwegu Basin, southern Tanzania.
  • Consultant geologist Dr Joseph Drake-Brockman involved in exploration.
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.