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QX Resources Limited (ASX:QXR)

ALERT: Price-sensitive ASX Announcement for QXR
Current share price for QXR : $0.003 0 (0%)+
Announcement
Release
31 Jul 2026 4:57PM
Price at Release
$0.003
Full Release
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Summary
QX Resources Limited released its quarterly activities report for the period ending 30 June 2026, highlighting ongoing advancements in the Madaba Uranium Project in Tanzania. The company secured all three exploration licenses in late March and is progressing with the JORC-compliant Exploration Target by MSA Group. Key activities include advancing the Environmental Impact Assessment, contracting a heli-borne radiometric survey, and preparing for a maiden drilling campaign. The company reported a cash position of $1.62 million at the end of the quarter. No field activities occurred during this period, with efforts focused on de-risking and permitting ahead of the 2026/2027 field season. Financially, the company experienced a net cash outflow in operating activities and maintained a strong cash balance to support future operations.
Key Points
  • Madaba Uranium Project in Tanzania secured all exploration licenses.
  • MSA Group progressing on JORC-compliant Exploration Target.
  • Environmental Impact Assessment advancing.
  • Heli-borne radiometric survey contracted, pending approvals.
  • Preparation for maiden modern drilling campaign underway.
  • Cash position of $1.62 million as of 30 June 2026.
  • No field activities conducted; focus on de-risking and permitting.
  • Net cash outflow in operating activities for the quarter.
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.