Latest QX Resources (ASX:QXR) News

QX Resources reduced its annual loss and ended June with $1.64 million in cash, but its auditor has warned that the company must raise more money to keep operating. The Madaba uranium project has produced a sizeable conceptual exploration target, yet it remains some distance from a mineral resource.

Rare earths and uranium stocks led a broad resources rally, while gold companies combined record profits with larger reserves and dividends. Yet strong company news did not guarantee a rising share price, with several materials groups falling despite better earnings or project progress.

QX Resources has unveiled a significant JORC-compliant Exploration Target for its Madaba Uranium Project in Tanzania, estimating 18–33 million pounds of uranium oxide at grades suitable for open-pit mining. The company aims to convert this target into a maiden Mineral Resource with drilling planned for late 2026.

QX Resources (ASX: QXR) secured all exploration licences for its Madaba Uranium Project in Tanzania, confirming high-grade surface uranium and advancing its 2026 exploration program with $1.23 million funding. Preparations are underway for a heli-borne survey and maiden drilling campaign.

QX Resources has obtained the last two exploration licences for its Madaba Uranium Project in Tanzania, paving the way for a high-resolution survey and maiden drilling program. The company is well-funded and advancing environmental assessments to meet regulatory requirements.

QX Resources has confirmed multiple high-grade uranium zones at surface within its Madaba Uranium Project in Tanzania, identifying nine immediate drill targets. Planned exploration aims to rapidly advance towards a maiden resource.

QX Resources has raised $1.23 million through a placement to fund exploration at its promising Madaba Uranium Project in Tanzania, setting the stage for a heli-borne survey and maiden drilling program this year.

QX Resources has confirmed high-grade uranium mineralisation at its Madaba project in Tanzania and commissioned a detailed airborne radiometric survey to refine drill targets. Meanwhile, gold and iron ore projects in Australia await further exploration.

QX Resources has contracted New Resolution Geophysics to conduct a detailed airborne radiometric survey at its Madaba Uranium Project in Tanzania, aiming to refine exploration targets ahead of maiden drilling in early 2026.

QX Resources has confirmed promising historical uranium grades at its Madaba Project in Tanzania and progressed gold exploration in Queensland, while securing a strategic farm-out for its Pilbara iron ore rights.

QX Resources has acquired 100% of the Madaba Uranium Project in Tanzania, a site with promising historical uranium grades, and is raising $2.3 million to advance exploration and development.

QX Resources reported steady progress in its Queensland gold projects and secured a strategic farm-out for its Pilbara iron ore rights, while stepping back from US lithium ventures amid market softness.