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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.050 -0.028 (-35.90%)+
Announcement
Release
30 Apr 2025 3:22PM
Price at Release
$0.078
Full Release
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Summary
SQX Resources Limited has released its Quarterly Activities Report for the quarter ending March 31, 2025. The report highlights the ongoing assessment of development options for the Scrub Paddock and Ollenburgs exploration assets, with a strong emphasis on identifying complementary opportunities in the critical minerals sector. The company is reviewing exploration data from its Scrub Paddock and Ollenburgs prospects, and is encouraged by the results indicating significant exploration potential. They have allocated funds for further geophysical surveys and drilling to refine high-priority drill targets aimed at developing an economic mineral resource, with a cash position of $1.64 million at the end of the quarter.
Key Points
  • Continued assessment of development options for exploration assets Scrub Paddock and Ollenburgs.
  • Strong focus on identifying complementary opportunities in critical minerals.
  • Reviewing exploration data from Scrub Paddock and Ollenburgs prospects.
  • Encouraged by drill report results indicating significant exploration potential.
  • Planning further geophysical surveys and drilling.
  • Cash position of $1.64 million as of March 31, 2025.
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.