QX Resources Ltd  Quarterly Activities Report

QX Resources Ltd Quarterly Activities Report

Perth, Australia (ABN Newswire) - QX Resources Ltd (ASX:QXR) provide the Quarterly Activities Report for Period Ended 30 June 2024 with the following highlights in operations.

Liberty Lithium Brine Project, USA

Drilling and geophysics confirmed a large brine basin with multiple brine horizon targets intersected over 400 m vertically at the Liberty Lithium Brine Project USA.

Geological similarities confirmed with the nearby Silver Peak lithium brine producer Albemarle, in Clayton Valley Nevada, with encouraging initial lithium assay results, aquifers and salinity.

Lithium brine specialists have proposed additional drilling to intersect deep lithium brines in the centre of the basin, in a more favourable setting, further west of recent drilling.

Discussions continue with USA based battery supply participants, including with Stardust Power Inc, a development stage American manufacturer of battery-grade lithium products, who commenced trading on NASDAQ in early July valued c.US$400m.

Gold Projects - Central Queensland

High grade gold trenching programme planned at Big Red in central Queensland. Previous trenching returned high grade gold results including 9m @ 5.9g/t Au. Gold mineralisation remains open along strike under cover.

Reassessment of two shuttered gold mines within QXRs ground has commenced as these mines were last operated when the gold price was less than A$500/oz.

Gold projects are in the Drummond Basin in Queensland - a region with a long history of ongoing gold mining region with an endowment of over 8.5 million ounces.

Pilbara Iron Ore Project

Discussions are underway after planning a detailed rockchip sampling programme over Iron Ore Samples with up to 58.5% Fe in rockchip samples over 4km of enriched iron ore over a Banded Iron Formation (BIF) at Western Shaw in the Pilbara.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/J3K839AN



About QX Resources Ltd:

QX Resources Limited (ASX:QXR) is focused on exploration and development of battery minerals, with hard rock lithium assets in a prime location of Western Australia (WA), and gold assets in Queensland. The aim is to connect end users (battery, cathode and car makers) with QXR, an experienced explorer/developer of battery minerals, with an expanding mineral exploration project portfolio and solid financial support.

Lithium hard rock portfolio: QXR's lithium strategy is centred around WA's prolific Pilbara province, where it has four projects in strategic proximity to some of Australia's largest lithium deposits and mines. Across the Pilbara, QXR's regional lithium tenement package (both granted or under application) spans more than 350 km2.

Lithium brine: QXR drilling and geophysics indicate the existence of a large brine basin at the Liberty Lithium Brine Project USA and geological similarities confirmed with the nearby Silver Peak lithium brine producer Albemarle, in Clayton Valley Nevada. QXR holds an Option to Purchase Agreement to earn-in to 75%.

Gold portfolio: QXR is developing Central Queensland gold projects through a 70% agreement with Zamia Resources Pty Ltd and also on a 100% basis. The gold and copper-gold-moly projects are strategically located within the Drummond Basin, a region that has a >8.5moz gold endowment.

Nickel sulphides: QXR has a significant 39% shareholding in unlisted public Australian company Bayrock Resources Limited, which has a portfolio of highly prospective battery minerals assets in Sweden, primarily in nickel, cobalt and copper. QXR is assisting Bayrock with project development and financing initiatives.



Source:
QX Resources Ltd



Contact:
Steve Promnitz
Managing Director
T: +61-423-333-296
E: steve@qxresources.com.au

Maurice Feilich
Executive Chairman
T: +61-411-545-262

Sam Jacobs
Six Degrees Investor Relations
T: +61-423-755-909

News Provided by ABN Newswire via QuoteMedia

QXR:AU
The Conversation (0)
QX Resources

QX Resources

Copper/Moly/Gold assets in Queensland

Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

QX Resources (QXR:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
QX Resources Ltd  Board and Management Changes

QX Resources Ltd Board and Management Changes

Perth, Australia (ABN Newswire) - QX Resources Limited (ASX:QXR) announces changes to its Board and Management, reflecting current market conditions for junior exploration companies. Effective today, Steve Promnitz has transitioned from Managing Director to strategic advisor and consultant . In... Keep Reading...
QX Resources Ltd  Secures Option to Additional US Lithium Brine Projects

QX Resources Ltd Secures Option to Additional US Lithium Brine Projects

Perth, Australia (ABN Newswire) - QX Resources Limited (ASX:QXR) is pleased to announce that QXR has renegotiated the option agreement over the Liberty Lithium Brine Project in California, USA, to reduce option payments and also to include an option to acquire an interest in two additional... Keep Reading...
QX Resources Ltd  High Grade Gold Trenching Program and Reassessment in QLD

QX Resources Ltd High Grade Gold Trenching Program and Reassessment in QLD

Perth, Australia (ABN Newswire) - QX Resources Ltd (ASX:QXR) announces a new program of trenching to extend known high grade gold mineralisation at Big Red Project, where prior trenching including mineralised widths of 9m @ 5.9g/t Au. - A follow-up trenching program has been planned at the Big... Keep Reading...
QX Resources Ltd  Large Basin Confirmed in Drillholes at Liberty Lithium Brine

QX Resources Ltd Large Basin Confirmed in Drillholes at Liberty Lithium Brine

Perth, Australia (ABN Newswire) - QX Resources Limited (ASX:QXR) can confirm that the Liberty Lithium brine project in California, USA, is a large brine basin with numerous brine aquifers, shown in downhole sampling and geophysics in the second hole of the Company's two-hole diamond drill... Keep Reading...
Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million

Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million

October 9, 2025 THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR IMMEDIATE RELEASE. Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (" Western " or the " Company ") is pleased to announce that, further to its news release... Keep Reading...
Trading Halt

Trading Halt

Altech Batteries (ATC:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

Green Technology Metals (GT1:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million

Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (" Western " or the " Company ") is pleased to announce that it has entered into an engagement agreement with A.G.P. Canada... Keep Reading...
Altech - Spherical Coated Silicon Achieves 88.5% Retention

Altech - Spherical Coated Silicon Achieves 88.5% Retention

Altech Batteries (ATC:AU) has announced Altech - Spherical Coated Silicon Achieves 88.5% RetentionDownload the PDF here. Keep Reading...
Altech Batteries Ltd  Spherical Coated Silicon Achieves 88.5% Retention

Altech Batteries Ltd Spherical Coated Silicon Achieves 88.5% Retention

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce a major advancement in its Silumina Anodes(TM) Project, achieving the strongest battery cycling performance recorded to date for its proprietary alumina-coated... Keep Reading...

Latest Press Releases

Related News