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QX Resources Limited (ASX:QXR)

ALERT: Price-sensitive ASX Announcement for QXR
Current share price for QXR : $0.003 -0.001 (-25%)+
Announcement
Release
11 Dec 2025 8:17AM
Price at Release
$0.004
Full Release
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Summary
QX Resources Limited has awarded a contract to New Resolution Geophysics (NRG) for a high-resolution, helicopter-borne radiometric and magnetic survey at the Madaba Uranium Project in Tanzania. This survey aims to expedite exploration over untested areas and define extensions of known uranium occurrences more clearly. The survey will employ 100m line spacings to improve data quality compared to the historical surveys conducted in the late 1970s and early 1980s. The collected data will help generate targets and minimize environmental disturbance ahead of planned drilling in the first half of 2026. This initiative underscores the company's belief in the potential of Madaba to be analogous to the world-class Nyota Uranium Deposit, boosting exploration and operational strategies moving forward.
Key Points
  • Contract awarded to New Resolution Geophysics (NRG) for radiometric survey.
  • Survey to be conducted at Madaba Uranium Project, Tanzania.
  • High-resolution survey over 3,250 line kilometers with 100m line spacing.
  • Survey aims to expedite exploration and define uranium occurrences.
  • Historical drilling data at Madaba showed significant uranium results.
  • Madaba project is located in a highly prospective area within the Luwegu Basin.
  • Initial exploration results indicate potential similar to the Nyota Uranium Deposit.
  • Survey scheduled to commence in early 2026 with drilling planned for H1 2026.
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.