The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • QX Resources (QXR) is set to begin a maiden 1500-metre reverse circulation drilling program at its Turner River hard rock lithium project in WA later this month
  • The drilling will target three areas, including a high-grade lithium zone around the recently-reported rock chip samples of 4.9 per cent lithium oxide at the Carbonate Hill prospect
  • A program of works submitted by QXR for the drilling has been approved, and contractor Topdrill will begin the work in the last week of November
  • Meanwhile, QXR has engaged technical consultant Resource Potentials to undertake a thorough geophysical database review and oversee the drilling
  • Shares in QXR are up 1.69 per cent and trading at 6 cents at 2:36 pm AEDT

QX Resources (QXR) is set to begin a maiden 1500-metre reverse circulation (RC) drilling program at its Turner River hard rock lithium project in WA later this month.

The drilling will target three areas, including a high-grade lithium zone around the recently-reported rock chip samples of 4.9 per cent lithium oxide at the Carbonate Hill prospect.

A program of works submitted by QXR for the drilling has been approved, and contractor Topdrill will begin the work in the last week of November

Meanwhile, QXR has engaged technical consultant Resource Potentials to undertake a thorough geophysical database review and oversee the drilling.

“QXR was fortunate to secure a drill rig for prompt initial testing at Turner River over a significant area of lithium mineralisation, which we interpret extends undercover,” Managing Director Steve Promnitz said

“Results will be used to plan more detailed works, with further surface sampling and detailed geophysics.”

Shares in QXR were up 1.69 per cent and trading at 6 cents at 2:36 pm AEDT.

QXR by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Index pares gains to close flat | December 18, 2024

The ASX200 closed flat and down just 0.06% at 8,309points. Industrials was the strongest performing sector,…
Market Update Graphic

ASX Market Update: Insignia rejects Bain bid as bourse rises | December 18, 2024

Christmas is one week away and the ASX200 has been up 0.25% at 8335 points.
A conveyer belt carrying bags of activated carbon

Carbonxt readies for production at its Kentucky plant, captures 40% ownership

Carbonxt Group has boosted its ownership of an activated carbon production plant in Kentucky to 40%,…
E-waste recycling concept

Close the Loop jumps 7% after extending due diligence grace for Adamantem

Close the Loop, a e-waste recycling firm with an international footprint, has allowed Adamantem Capital more…