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- QX Resources (QXR) subsidiary, World Metals, secures a 50 per cent interest in two exploration licences
- The two licences are around 75 kilometres southeast of Karratha in the Pilbara region of Western Australia
- They cover an area of 29 square kilometres and are prospective for gold and base metals, including nickel
- QX Resources closed down 13.3 per cent at 1.3 cents per share
QX Resources (QXR) subsidiary, World Metals, has secured a 50 per cent interest in two exploration licences.
The two licences are located around 75 kilometres southeast of Karratha in the Pilbara region of Western Australia.
They cover an area of 29 square kilometres and are prospective for gold and base metals, including nickel.
Notably, the remaining 50 per cent of the exploration licences will be held by Pilbara Base Metals.
QX’s technical team is undertaking a desktop review ahead of field planning for the first pass exploration program in the fourth quarter.
Chairman Maurice Feilich is pleased with securing a 50 per cent interest in these precious and base metal licences.
“Regionally the area is host to numerous advanced exploration projects including significant deposits, such as Egina, Andover, Whim Creek and Hemi,” Mr Feilich said.
“We are pleased to add these licenses to our growing portfolio of mineral properties, and we look forward to getting on the ground early in fourth quarter to commence our exploration activities.”
QX Resources closed down 13.3 per cent at 1.3 cents per share.
