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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.049 -0.141 (-74.21%)+
Announcement
Release
28 Oct 2025 9:50AM
Price at Release
$0.190
Full Release
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Summary
SQX Resources Limited, an Australian company, aims to rapidly build a high-grade gold-silver portfolio in the USA through strategic exploration and partnerships. The company focuses on two key projects: the Williams Au-Ag Project in Montana and the Red Bird Au Project in Arizona. The Williams project, last explored in the late 1980s, has significant potential with identified bonanza-grade zones and underexplored veins. The Red Bird project also offers substantial opportunities for open-pit mining and includes a maiden 2,500m drill program scheduled for December 2025. SQX is in the process of acquiring 80% of AM6 Pty Ltd, contingent on shareholder approval. This acquisition is expected to enhance their exploration capabilities in these high-grade projects. The company's strategy involves utilizing existing US toll-milling infrastructure and applying modern exploration techniques to unlock value from these assets.
Key Points
  • Williams Au-Ag Project has large upside potential with 8 mineralised veins identified.
  • Red Bird Au Project to target broader, larger tonnage potential for open-pittable mineralisation.
  • SQX Resources aims to acquire 80% of AM6 Pty Ltd, subject to shareholder approval.
  • Williams project includes historical exploration drives of over 445 meters.
  • Red Bird includes a maiden 2,500m RC drill program scheduled for December 2025.
  • SQX Resources focuses on advancing high-grade gold and silver projects in the USA.
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.