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QX Resources Limited (ASX:QXR)

ALERT: Price-sensitive ASX Announcement for QXR
Current share price for QXR : $0.004 -0.001 (-12.50%)+
Announcement
Release
30 Mar 2026 9:45AM
Price at Release
$0.004
Full Release
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Summary
QX Resources Limited has successfully obtained the remaining exploration licences for the Madaba Uranium Project located in the Luwegu Basin, southern Tanzania, from the country's Ministry of Minerals' Mining Commission. With the grant of licences PL 13743/2026 and PL 13847/2026, the company is set to initiate a high-resolution heli-borne radiometric survey upon receiving final documentation. The project will involve experienced Tanzanian environmental consultants for an Environmental Impact Assessment (EIA), which is a prerequisite for commencing the first drilling program since the 1980s. QX Resources is financially prepared for these operations following a recent capital raising.
Key Points
  • Exploration licences PL 13743/2026 and PL 13847/2026 have been granted by Tanzania's Ministry of Minerals' Mining Commission.
  • The Madaba Uranium Project is located in the Luwegu Basin, southern Tanzania.
  • QX Resources Limited plans to use the granted licences to commence a high-resolution heli-borne radiometric survey.
  • Environmental consultants will conduct an Environmental Impact Assessment (EIA).
  • The first drilling program since the early 1980s is planned following EIA approval.
  • The company is awaiting final documentation to begin operations.
  • QX Resources is well-funded for the planned survey and drilling program after a successful capital raising.
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.