QX Resources Ltd ( (AU:QXR) ) has issued an update.
QX Resources Ltd’s quarterly activities report highlights their ongoing exploration efforts in Queensland and Western Australia. The company is advancing its gold projects in the Drummond Basin, with plans for further trenching and potential drilling at the Big Red Project, which shows promising high-grade gold targets. Additionally, QX Resources is exploring copper-gold-molybdenum prospects and iron ore projects, although on-ground exploration was delayed this quarter. These efforts aim to enhance the company’s resource base and strengthen its position in the mining industry.
More about QX Resources Ltd
QX Resources Ltd is a mining company focused on exploring and developing gold, copper, molybdenum, and iron ore projects in Australia. The company holds significant exploration leases in Queensland and Western Australia, targeting high-grade gold deposits and enriched iron ore formations.
Technical Sentiment Signal: Buy
Current Market Cap: A$3.93M
For an in-depth examination of QXR stock, go to TipRanks’ Stock Analysis page.