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Sqx Resources SQX.AX · AUD

Materials · ASX · 🇦🇺 Australia

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About Sqx Resources

Its shares trade on ASX under the ticker SQX.AX. It has been listed since 20 February 2023. In the fiscal year to 30 June 2023, it reported revenue of A$25,176 and a net loss of A$1.4m. At that date it held total assets of A$4.0m and shareholders' equity of A$3.9m.

SQX Resources Ltd. operates as an early-stage exploration company. The company is headquartered in Brisbane, Queensland. The company went IPO on 2023-02-20. The principal activity of the Company is the exploration for gold and copper mineralization in Queensland, Australia. The firm is focused on gold and copper mineralization at the Ollenburgs and Scrub Paddock prospects. The Scrub Paddock Prospect is situated within EPM 27257. The project is located within the Esk Basin, a structure in the New England Fold Belt within approximately 130 kilometers (km) of Brisbane. The Ollenburgs Prospect hosts potential for a copper-gold porphyry system and features several copper/gold/silver mine workings, an anomaly visible on aeromagnetic mapping, a surface soil and rock-chip geochemical anomaly across approximately 300x50 meters.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
20 Feb 2023

Leadership

Pay as last reported

  • Mr. Patric GlovacExecutive Chairman of thr Board, since 2023
  • Mr. Quinton MeyersCompany Secretary
  • Mr. Simon CohnDirector
  • Mr. Gregory KernDirector
  • Mr. David SandersNon-Executive Director
  • Mr. Brent Van StadenNon-Executive Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • SQX Resources Ltd. focuses on gold and copper mineralization at Ollenburgs and Scrub Paddock prospects in Queensland.
  • The Scrub Paddock Prospect is located within EPM 27257 in the Esk Basin near Brisbane.
  • Ollenburgs Prospect features a copper-gold porphyry system with visible anomalies and mine workings.

Weaknesses

  • The company is an early-stage exploration firm with no production yet.
  • Exploration activities are limited to specific prospects without confirmed reserves.
  • The firm operates in a high-risk mining sector with no revenue generation.

Opportunities

  • Expansion of exploration at Ollenburgs Prospect with its copper-gold porphyry system potential.
  • Potential for new discoveries within the Esk Basin near Brisbane.
  • Growth opportunities in Queensland's Metals & Mining sector for mineral exploration.

Threats

  • Exploration risks in the Queensland mining sector without proven resources.
  • High capital requirements for early-stage mineral exploration activities.
  • Competition for exploration funding in the Australian Metals & Mining industry.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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