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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.060 -0.155 (-72.09%)+
Announcement
Release
30 Jan 2026 10:02AM
Price at Release
$0.215
Full Release
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Summary
SQX Resources Limited reported on its quarterly activities for the period ending 31 December 2025, highlighting bonanza-grade gold discoveries at its Red Bird Project in Arizona and significant gold-silver assays at the Williams Project in Montana. The company strengthened its financial position through a successful $2,000,000 placement, which will support accelerated exploration efforts. Cash and cash equivalents amounted to $2,807,000 at the quarter's end, and SQX completed the acquisition of 80% of AM6 Pty Ltd, enhancing their project portfolio. The next quarter will focus on initiating drilling at Red Bird and further exploration at Williams.
Key Points
  • SQX Resources Limited confirmed bonanza-grade gold at the Red Bird Project, Arizona, with assays up to 49.2 g/t Au.
  • Exceptional gold-silver assays were reported at the Williams Project, Montana, including a peak result of 358 g/t Au with 1,800 g/t Ag.
  • SQX completed a $2,000,000 placement to strengthen their balance sheet for exploration and development.
  • Net cash from operating activities was negative $368,000 for the current quarter.
  • Net cash from financing activities resulted in an inflow of $1,903,000.
  • Cash and cash equivalents at the end of the quarter were $2,807,000.
  • SQX acquired 80% of AM6 Pty Ltd, which holds interests in the Red Bird and Williams projects.
  • The company plans to commence drilling at the Red Bird Gold Project and execute geophysical surveys at Williams in the upcoming 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.