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QX Resources Ltd ( (AU:QXR) ) just unveiled an announcement.
QX Resources Limited has faced delays in its trenching program at the Big Red Project due to issues with heritage clearance and access. The company is working towards resolving these issues in Q1 2025 and is considering advancing straight to a drilling program given the promising high-grade gold targets identified. This move could significantly enhance QX Resources’ exploration capabilities and impact its positioning in the gold mining industry, potentially mirroring successful nearby deposits.
More about QX Resources Ltd
QX Resources Limited is a company focused on exploration and development within the gold mining industry, primarily operating in central Queensland’s Drummond Basin. The company holds extensive leases in the region known for its significant gold endowment and potential for epithermal gold and porphyry-related copper-gold deposits. QX Resources’ portfolio includes historical open-pit gold mines and a molybdenum deposit with potential copper and gold extensions.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.12M
Find detailed analytics on QXR stock on TipRanks’ Stock Analysis page.
