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QX Resources Limited (ASX:QXR)

ALERT: Price-sensitive ASX Announcement for QXR
Current share price for QXR : $0.003 -0.002 (-33.33%)+
Announcement
Release
27 Apr 2026 8:17AM
Price at Release
$0.005
Full Release
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Summary
QX Resources Limited released its quarterly activities report for the period ending 31 March 2026, highlighting several strategic milestones. The company successfully completed a A$1.23 million financial placement to support its exploration agenda. Key advancements include the granting of all necessary exploration licenses for the Madaba Uranium Project in Tanzania, where significant high-grade uranium findings were confirmed. The company's cash position stands at around A$1.76 million, with strategic investments directed towards a geophysical survey and drilling campaign planned for Q3 2026. Additionally, no fieldwork was conducted at the Pilbara lithium projects during this quarter, and direct exploration costs totaled A$179,000.
Key Points
  • QX Resources completed a A$1.23 million placement to fund 2026 exploration work.
  • All exploration licenses granted for the Madaba Uranium Project in Tanzania.
  • High-grade supergene uranium confirmed at Madaba.
  • Cash balance of approximately A$1.76m as of 31 March 2026.
  • Focus on geophysical surveys and maiden drilling campaign for Q3 2026.
  • No on-ground exploration at lithium projects in Pilbara, WA during the March quarter.
  • Direct exploration expenditure for March 2026 quarter was A$179k.
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.