QX Resources (ASX:QXR) Confirms ‘Significant Uranium Potential’ at Madaba Project

2 min read | September 25, 2025 10:45 AM AEST | By Sonal Goyal

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Highlights

Digitisation of historical drilling data has confirmed high-grade uranium mineralisation at the Madaba Project in Tanzania.

Multiple intersections show stacked and coalescing uranium seams, forming substantial drill targets.

Standout historical intercepts include 3m @ 2,465 ppm U₃O₈ and 7m @ 890 ppm U₃O₈.

Madaba shows geological similarities to the 125 Mlb Nyota Uranium Deposit nearby..

First-stage drilling of high-priority targets is scheduled for Q1 2026.

QX Resources Limited (ASX:QXR) has confirmed significant uranium potential at its Madaba Uranium Project in southern Tanzania, following the digitisation and review of historical drilling data.

Dr Joseph Drake-Brockman, QXR’s Competent Person, is overseeing the digitisation process of historical drilling records at Madaba. The process has confirmed high-grade tenure of uranium mineralisation, with multiple drill holes intersecting ‘stacked’ and coalescing uranium seams. These findings point to substantial targets for comprehensive follow-up drilling.

Historical Drilling Results

Notable historical results include:

15m @ 612 ppm U₃O₈ from 4m, including 3m @ 2,465 ppm U₃O₈ from 10m (P15)
16m @ 337 ppm U₃O₈ from 4m, including 4m @ 1,082 ppm U₃O₈ from 8m (P16)
7m @ 693 ppm U₃O₈ from 9m (P17)
7m @ 510 ppm eU₃O₈ from 136.5m (D12)
9.6m @ 675 ppm eU₃O₈ from 74m (D8)
7m @ 890 ppm U₃O₈ from 30m (P104)
15m @ 420 ppm eU₃O₈ from 47m (P103)

QXR Shares Rally

QXR shares were trading 25% higher at AUD 0.005 per share at the time of writing on 25 September 2025.

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