Company

In 2025–26 SQX transformed its portfolio by acquiring an 80% interest in AM6 Pty Ltd, which holds the Red Bird Gold Project in Arizona and the Williams Gold-Silver Project in Montana.

The Company then moved quickly from acquisition through permitting and sampling to a maiden drilling program at Red Bird, while more than doubling its ground position at Williams. SQX also retains 100% of the Ollenburgs and Scrub Paddock gold-copper prospects within EPM 27257 in southeast Queensland.

The board combines discovery experience with capital markets and corporate law expertise, and is aligned to the Company’s North American growth strategy.

ASX code	SQX
Listed	February 2023
Focus	Gold, silver, copper
Jurisdictions	Arizona and Montana, USA; Queensland, Australia

Our year in the US

• October 2025Binding agreement to acquire 80% of AM6 Pty LtdSecuring the Red Bird and Williams projects, with a $2.0 million placement at A$0.10 per share.
• November 2025High-grade sampling confirmed at both projectsUp to 49.2 g/t Au at Red Bird, and 358 g/t Au with 1,800 g/t Ag at Williams.
• January 2026Acquisition completed; drilling permits securedThe US Bureau of Land Management approved the Notice of Intent at Red Bird.
• February 2026Maiden drilling at Red Bird; Williams ground doubled25 holes for 2,509m, and 25 new claims staked at Williams for a total of 45.
• April 2026Maiden drilling resultsA coherent, shallow gold system from surface, open in multiple directions.
• June 2026 quarterIP survey completed at Red BirdRefining targets beneath and around the historical mine; metallurgical test work planned.
• September 2026$2.47 million entitlement offer completedA fully underwritten 2-for-3 offer at $0.04 per share, funding the next phase at Red Bird and Williams.
• September 2026 quarterWilliams field program beginsSurface mapping and rock-chip sampling across the vein structures, with assays expected in the December 2026 quarter.

Refer to SQX ASX announcements and the 2026 Annual Report for full details.