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PolarX Ltd ( (AU:PXX) ) has provided an update.
PolarX reported on its December 2025 quarter activities, highlighting completion of a 13-hole reverse circulation drilling program at the Ridgeline target within the Black Canyon property of its Humboldt Range Gold-Silver Project in Nevada. The 2,027-metre program, carried out over October and November 2025, tested shallow geophysical anomalies coincident with surface structural features and gold-silver soil anomalies, focusing on structurally controlled zones interpreted as favourable conduits for epithermal precious metal mineralisation in the Rochester Rhyolite. While assay results have been delayed due to independent laboratory issues, the company now expects to start receiving gold, silver and multi-element results from February 2026, which will guide further drilling planned for April–May 2026 over the broader, 3.6km-long Ridgeline anomaly, where previous rock chips returned high-grade gold and silver values. These outcomes will be important in assessing the scale and quality of mineralisation at Humboldt Range and in shaping PolarX’s next phase of exploration and potential resource definition work in Nevada.
The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.
More about PolarX Ltd
PolarX Limited is an ASX-listed mineral exploration company focused on gold and silver projects in Nevada, USA, notably the Humboldt Range Gold-Silver Project, which comprises 400 lode mining claims split between the Black Canyon and Fourth of July claim groups. The company targets epithermal precious metal mineralisation within the Rochester Rhyolite volcanic sequence, leveraging geophysical, geochemical and structural analysis to define and test high-potential anomalies.
Average Trading Volume: 3,116,170
Technical Sentiment Signal: Buy
Current Market Cap: A$59.85M
For detailed information about PXX stock, go to TipRanks’ Stock Analysis page.