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An update from QX Resources Ltd ( (AU:QXR) ) is now available.
QX Resources Limited has confirmed significant uranium potential at its Madaba Uranium Project in Tanzania following a review of historical drilling data. The digitization process has revealed high-grade uranium mineralization, with numerous historic drill holes indicating substantial targets for further exploration. The company plans to conduct a site visit and detailed radiometric surveys in October 2025, with initial drilling scheduled for early 2026. This development positions QX Resources strategically within the uranium market, especially as uranium prices rise due to increased demand from AI and data center expansion in the United States.
More about QX Resources Ltd
QX Resources Limited is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly engaged in uranium exploration, with a significant project located in the Luwegu Basin, southern Tanzania, known as the Madaba Uranium Project.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.37M
For a thorough assessment of QXR stock, go to TipRanks’ Stock Analysis page.