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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.059 -0.041 (-41%)+
Announcement
Release
29 Apr 2026 10:53AM
Price at Release
$0.100
Full Release
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Summary
The quarterly report for SQX Resources Limited, ending 31 March 2026, highlights significant advancements including the completion of a USA portfolio acquisition, securing interests in the Red Bird and Williams projects. Permitting and maiden drilling at Red Bird revealed substantial gold systems. Expansion efforts at Williams and leadership enhancements underline the company's growth strategy. Financial activities show a cash balance of $1.27M, with detailed operational and cash flow analyses indicating the company's financial positioning and anticipated funding needs.
Key Points
  • USA portfolio acquisition completed, securing interests in Red Bird (Arizona) and Williams (Montana) projects.
  • Permitting secured at Red Bird, enabling maiden RC drilling program.
  • Maiden drilling at Red Bird executed with exceptional results indicating substantial shallow gold system.
  • Spectacular channel sampling at Red Bird confirmed high-grade, wide results.
  • Expansion of Williams ground with 25 new claims staked.
  • Leadership strengthened with new executive appointments.
  • Cash balance of $1.27M as of 31 March 2026.
  • Payments for exploration and evaluation and administrative costs detailed in the report.
  • Net cash used in operating and investing activities reported, with funding covering less than one 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.