QX Resources Limited (ASX:QXR) has advanced its exploration activities at the Madaba Uranium Project in the Luwegu Basin of southern Tanzania. The company is systematically reviewing and digitizing historical drilling data, uncovering substantial high-grade uranium potential.
Recent analyses indicate that the Madaba site contains numerous historical drill holes intersecting significant uranium seams. These findings suggest the presence of stacked and interconnected seams, offering promising targets for future detailed drilling operations.
Key findings from historical data
Under the guidance of Dr. Joseph Drake-Brockman, an expert in the field, a comprehensive digitization initiative has confirmed the presence of significant uranium mineralization at Madaba. This process has revealed impressive historical results, including:
- 15m @ 612 ppm U3O8from 4m, including 3m @ 2,465 ppm U3O8 from 10m (P15)
- 16m @ 337 ppm U3O8from 4m, including 4m @ 1,082 ppm U3O8 from 8m (P16)
- 7m @ 693 ppm U3O8from 9m (P17)
- 7m @ 510 ppm eU3O8from 136.5m (D12)
- 9.6m @ 675 ppm eU3O8from 74m (D8)
- 7m @ 890 ppm U3O8from 30m (P104)
- 15m @ 420 ppm eU3O8from 47m (P103)
It is important to note that ppm U3O8 refers to chemical assays, while ppm eU3O8 indicates gamma assays.
Comparison with the Nyota Uranium Deposit
The potential of the Madaba project appears to parallel that of the Nyota Uranium Deposit, located approximately 250 kilometers to the southwest. The Nyota deposit boasts a resource of 125 million pounds of U3O8, with a grade of 300 ppm U3O8, indicating that Madaba could emerge as a significant player in the uranium market.
Future exploration plans
To further its commitment to the Madaba project, QX Resources has scheduled a site visit from its consulting team in October 2025. This visit will facilitate the procurement of quotes for detailed radiometric surveys targeting priority areas within the project. The first phase of drilling at high-priority targets is planned for the first quarter of 2026.
Recent fluctuations in spot uranium prices have been noteworthy, driven by increasing demand from sectors such as artificial intelligence and data center development in the United States. The U.S. Administration’s plans to bolster strategic reserves further underscore the favorable outlook for uranium projects, particularly those with high-grade potential like Madaba.
Importance of historical exploration
The exploration history of the Madaba project dates back to the late 1970s, when significant radiometric surveys were conducted across Tanzania. The data gathered led Uranerzbergbau GmbH to acquire governmental radiometric data in 1978, initiating an extensive follow-up investigation that identified Madaba as a key area for uranium exploration.
Despite initial promising results, UEB withdrew from exploration activities in Tanzania in 1982. However, Dr. Joseph Drake-Brockman, who was involved in the earlier phases, continues to guide QX Resources in its current endeavors, leveraging his deep knowledge of the region’s geological landscape.
Next steps in exploration
QX Resources is committed to implementing a series of low-cost exploration initiatives aimed at refining drill targets. These initiatives will include:
- Field reconnaissance, including geological mapping and rock-chip sampling
- Infill airborne detailed radiometric surveys
- Confirmatory trenching, auger drilling, and air core or reverse circulation drilling
Recent analyses indicate that the Madaba site contains numerous historical drill holes intersecting significant uranium seams. These findings suggest the presence of stacked and interconnected seams, offering promising targets for future detailed drilling operations.0