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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.051 -0.089 (-63.57%)+
Announcement
Release
5 Nov 2025 8:27AM
Price at Release
$0.140
Full Release
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Summary
SQX Resources Limited has confirmed high-grade gold mineralisation at its Red Bird Project in southeast Queensland, with samples indicating up to 49.2g/t of gold. The mineralisation is characterised by wide-interval epithermal gold in altered sedimentary rocks, occurring within 30m of the surface, which presents a compelling case for potential open-pit mining. Modern exploration techniques, including advanced geophysics, are expected to enhance opportunities for significant gold discoveries. The project is strategically located in the underexplored Esk Basin and is set to undergo further exploration with a planned 2,500m reverse circulation drilling program starting January 2026.
Key Points
  • High-grade gold up to 49.2g/t confirmed at the Red Bird Project.
  • The mineralisation includes wide-interval epithermal gold hosted in altered sedimentary rocks such as sandstones, conglomerates, and limestones.
  • A combination of high-grade vein/breccia mineralisation and lower-grade halo mineralisation occurs within 30m of the surface.
  • Modern exploration techniques, including advanced geophysics, are providing opportunities for significant gold discoveries.
  • The project is located on EPM 27257 in the underexplored Esk Basin in southeast Queensland.
  • Sampling at the Red Bird Project included channel and grab samples, with notable assays such as 49.2 g/t gold from channel sampling.
  • A planned 2,500m reverse circulation drill program is set for January 2026 to extend mineralisation at depth and along strike.
  • The report includes detailed sampling results with various assays indicating significant gold presence.
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.