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An update from QX Resources Ltd ( (AU:QXR) ) is now available.
QX Resources has reported strong support from Tanzanian authorities following a series of high-level meetings aimed at finalising permits for a high-resolution heli-borne radiometric survey at its Madaba Uranium Project. The company is progressing approvals, digitising historical trenching data and lining up contractors as it prepares for a maiden drilling campaign targeted for late Q2 2026, which will seek to validate historical high-grade uranium results and underpin a maiden JORC-compliant resource, potentially analogous to the nearby world-class Nyota deposit, thereby enhancing QX’s strategic foothold in a tightening uranium market.
The most recent analyst rating on (AU:QXR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on QX Resources Ltd stock, see the AU:QXR Stock Forecast page.
More about QX Resources Ltd
QX Resources Limited (ASX: QXR) is an exploration company focused on uranium assets, with its flagship Madaba Uranium Project located in the highly prospective Luwegu Basin in southern Tanzania. The company is targeting sandstone-hosted uranium mineralisation and is positioning itself to benefit from strengthening uranium market fundamentals and rising spot prices.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.54M
Learn more about QXR stock on TipRanks’ Stock Analysis page.