QX Resources Ltd. holds four 100% owned hard-rock lithium projects, covering 355km2, strategically centred around Western Australia's prolific Pilbara province, hosting some of Australia's largest lithium deposits. QXR projects are Turner River , Western Shaw , Split Rock and Yule River . Pegmatites were identified outcropping at Western Shaw and Split Rock during the September quarter, as part of a month-long program of [...]
QX Resources Ltd. has contracted a diamond drilling rig with an experienced team to commence a 1000 metre drill program in the coming days over the large scale Liberty Lithium brine project in California, USA. Two large diameter deep diamond drillholes have been approved. The targets are centred over an extensive surface lithium brine surface anomaly over 10km as well as large geophysical anomalies that indicate [...]
QX Resources Ltd. has received firm commitments for A$3million in a private placement to assist funding of the Liberty Lithium Brine Project in the USA . Placement The Company has received firm commitments for a placement of ~A$3.093 million through the issue of 140,577,273 new ordinary shares at an offer price of $0.022 per share to professional and sophisticated investors . 45,727,273 of the Placement shares will be [...]
QX Resources Ltd. has entered an Option to Purchase Agreement and an Operating Agreement to earn a 75% interest of the 102km2 Liberty Lithium brine project in California, USA , from vendor IG Lithium LLC . The Agreements complement the acquisition agreement announced to ASX on 28 September 2023 under which QXR acquired a small package of adjacent claims. - QXR has entered into a binding Option to Purchase Agreement to [...]
QX Resources Ltd. is pleased to announce that Bayrock Resources Limited has successfully completed its rights issue to raise A$1.8 million through the issue of new shares at $0.03 per share . Existing Bayrock shareholders subscribed for ~$600,000 under the Rights Issue. QXR was the underwriter to the Rights Issue, and following the conversion of QXR-provided secured loans to Bayrock, and fees payable to QXR, [...]
QX Resources Ltd. has received final assay results from its RC drilling together with a detailed analysis, from the Company's 100%-owned Turner River hard rock lithium project, located 15 km to south-east of Mineral Resources' Wodgina lithium mine, located within the Pilbara lithium province of Western Australia . - Final assay results and analysis have been returned from the first phase drill program which confirms a [...]
QX Resources Ltd. is pleased to announce that diamond drilling had intercepted massive sulphide mineralisation in the latest hole from the Lainejaur high grade Nickel-Copper-Cobalt deposit in Northern Sweden, held by Bayrock Resources Limited in which QXR has a significant holding . The first diamond drillhole was completed to a final depth of 300m. Massive sulphides with visible nickel and copper minerals were [...]
QX Resources Ltd. has entered a non-binding letter of intent for the right to acquire a controlling interest in a large, recently-consolidated lithium brine project - Liberty Lithium - in California, USA. - QXR has entered a Letter of Intent over a large recently consolidated lithium brine project - Liberty Lithium - in the western USA. - Liberty Lithium covers more than 10,000 Ha of contiguous leases in a closed basin [...]
QX Resources Ltd. confirms its intention to commence a formal application for a Mining Lease to advance development at the Company's 'Anthony' Molybdenum project in Central Queensland. Anthony is an advanced-stage pure Mo deposit, located in a Tier-1 jurisdiction, adjacent to major sealed roads and near rail and energy support. In 2021, the Mineral Resource Estimate at Anthony was upgraded to JORC Code 2012, with an [...]
QX Resources Ltd. is please to provide an update on its strategic investment in Bayrock Resources Limited . As announced on 16 and 24 March 2023, the Company has provided secured loans of $585,000 to Bayrock to help complete the acquisition of its portfolio of highly prospective, 100%-owned battery mineral projects, the Lainejaur and Northern Nickel Line projects in northern Sweden. The Projects are considered highly [...]
QX Resources Ltd. is pleased to provide the Quarterly Activities/Appendix 5B Cash Flow Report. HIGHLIGHTS - Follow-up RC drilling program completed at the Turner River hard rock lithium project, with a further 10 holes for 1130 metres. Final assay results of the RC program are awaited. - Maiden drilling in December 2022 highlighted the presence of pegmatites and potential lithium rich micas, based on visual observations [...]
QX Resources Ltd. , via a framework agreement with Bayrock Resources Limited , confirm that diamond drilling has commenced and is at 54 metres in a 300 metre deep hole on the Lainejaur project, a high-grade Nickel-Cobalt-Copper deposit near Mala in northern Sweden . Previous results included over 9 metres at 2.1% Ni, 0.7% Cu, 0.17% Co, 0.5 g/t Au in this area of the Lainejaur project with high metal values ranging up to [...]
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