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QX Resources Farms Out 75% Stake in Western Shaw Iron Ore Project
9:50am on Thursday 5th of June, 2025 AEST
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Mining
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QX Resources Farms Out 75% Stake in Western Shaw Iron Ore Project
9:50am on Thursday 5th of June, 2025 AEST
Key Points
Binding term sheet executed for 75% farm-out at Western Shaw
Partners to spend minimum $1 million on exploration within 12 months
QX Resources retains 25% interest free-carried until mining decision
Royalty of $0.70 per wet metric tonne on first 20 million tonnes
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