QX Resources (ASX:QXR) announces an exploration target of 20–30 million tonnes grading 400–500 parts per million (ppm) uranium oxide (U3O8) — containing approximately 18–33 million pounds U3O8 — for its Madaba Uranium Project in Tanzania.
Prepared by the MSA Group, the JORC 2012 target is based on historical drilling data from Uranerzbergbau exploration conducted between 1979 and 1982. Historical near-surface intercepts include 15m @ 612 ppm U3O8 from 7m depth, including 3m @ 2,465 ppm.
QX digitised and reinterpreted the historical dataset using 3D modelling for grade-tonnage estimation, and has defined nine priority drill-ready targets.
Executive Chairman Maurice Feilich says the exploration target provides a technical foundation and defined pathway to a maiden mineral resource estimate (MRE).
“The 20–30Mt at 400–500 ppm range deliberately focuses on the higher-grade material in the current model — the material that matters most from an economic perspective — while remaining appropriately conservative,” Feilich says.
The Madaba Project covers approximately 613km2 in the Luwegu Basin, southern Tanzania, and consists of three granted exploration licences. Mineralisation is hosted in early Jurassic Upper Karoo sandstones, primarily within the Hanging Wall series.
QX intends to conduct a maiden drilling program for the second half of 2026, subject to environmental impact assessment approval, aiming to convert a portion of the exploration target into an inaugural MRE.
The company also plans to conduct detailed geophysics using high-resolution helicopter-borne radiometric and magnetic surveys over approximately 100-metre line spacings.
Additional workstreams include data verification, 3D geological modelling, metallurgical testwork, and environmental baseline studies.
QX Resources is a mineral explorer and developer focused on critical and battery metals such as lithium, gold, copper, and molybdenum.
Write to Paula Fabe at Mining.com.au
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