Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
QX Resources Ltd ( (AU:QXR) ) has issued an update.
QX Resources Ltd reported its quarterly activities for June 2025, highlighting progress in its gold projects in Queensland, particularly the Big Red Project, where high-grade gold results have been found. The company plans further trenching and drilling to extend the mineralization zone. Additionally, QX Resources entered into a binding agreement to farm out a 75% interest in its iron ore rights at the Western Shaw Project in Western Australia, with the purchaser committing to significant exploration expenditure and a royalty agreement on future production.
More about QX Resources Ltd
QX Resources Ltd is an Australian company engaged in the exploration and development of mineral resources. The company primarily focuses on gold projects in Queensland, with significant holdings in the Drummond Basin known for its gold endowment. Additionally, QX Resources is involved in copper-gold-molybdenum projects in Queensland and has interests in iron ore projects in Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.55M
Learn more about QXR stock on TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money