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An announcement from QX Resources Ltd ( (AU:QXR) ) is now available.
QX Resources has completed a comprehensive digitisation and reinterpretation of historical drilling data at its Madaba Uranium Project in Tanzania’s Luwegu Basin, converting legacy paper records from work by German explorer UEB into a modern digital database. The study, led by uranium specialist Dr Joseph Drake-Brockman, confirms multiple stacked sandstone-hosted uranium horizons across several prospects, including Nane, Nyuki, Sita and Tatu.
The reinterpretation shows mineralised seams that locally thicken and coalesce into broader zones, with historical drilling returning several high-grade uranium intersections that point to a potentially large roll-front style system. These findings significantly improve geological understanding at Madaba, strengthen the project’s exploration case given its location near the Nyota deposit, and underpin plans for a site visit and initial drilling program targeting high-priority zones in mid to late 2026.
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 Ltd is an ASX-listed exploration company focused on uranium assets, with a growing presence in Tanzania’s Luwegu Basin. The company targets sandstone-hosted uranium systems, aiming to build a portfolio of shallow, high-potential uranium projects in proximity to established regional deposits such as Nyota, to leverage rising nuclear fuel demand.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.56M
For a thorough assessment of QXR stock, go to TipRanks’ Stock Analysis page.