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The latest announcement is out from QX Resources Ltd ( (AU:QXR) ).
QX Resources has secured the remaining two exploration licences for its Madaba uranium project in Tanzania, meaning all three licences covering the project are now granted by the country’s Mining Commission. This clears a key regulatory hurdle and allows the company to move toward starting a high‑resolution heli‑borne radiometric survey once final documentation is received.
The company has engaged Tanzanian firm Paulsam Geo-Engineering to conduct a new environmental impact assessment, leveraging the consultant’s prior experience on Madaba. Subject to EIA approval, QX plans to launch the first drilling program at Madaba since the early 1980s, with recent funding expected to cover both the survey and the maiden drill campaign.
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 and other mineral projects. The company is advancing its Madaba uranium project in the highly prospective Luwegu Basin in southern Tanzania, supported by recent capital raising to fund exploration activities including surveys and drilling.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.45M
For an in-depth examination of QXR stock, go to TipRanks’ Overview page.