SQX holds 100% of the Ollenburgs and Scrub Paddock prospects through its wholly owned subsidiary Ollenburgs Pty Ltd. Both have known mineralisation and historical workings, close to regional infrastructure.
A 2022 induced polarisation (IP) program and 2023 drilling identified chargeability anomalies and gold mineralisation. Best results at Scrub Paddock include 28m @ 1.2 g/t Au from 101m and 12m @ 1.0 g/t Au from 42m.
A technical review of all historical drilling, geophysical and geochemical data was completed in the September 2026 quarter. Programs for the 2027 financial year are being prepared, including an infill IP survey to better define the chargeability anomalies before any further drilling. A native title agreement for the adjoining EPM 28578 application is being progressed.
Source: SQX Resources Prospectus, 16 February 2023, and the 2026 Annual Report.