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PXX

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Last update Jun 12, 2:05 PM AEST
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PolarX Limited
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Overview

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Description

PolarX Limited is a mineral exploration and development company specializing in the identification, acquisition, and advancement of high-grade copper, gold, and silver projects. Its core activities are focused on two major projects in the United States: the Alaska Range Project—which is subdivided into the Caribou Dome and Stellar projects, both comprising multiple contiguous state mining claims—and the Humboldt Range Project in Nevada, which is prospective for significant gold and silver mineralization. PolarX Limited operates within the Basic Materials sector, with its primary business segment centered on mineral exploration, particularly targeting copper and gold resources. The company is headquartered in Subiaco, Western Australia, and maintains a streamlined organizational structure to support efficient exploration activities. PolarX Limited’s assets play an important role in supplying the metals essential for various industrial applications, including electronics, energy, and infrastructure, thereby contributing to commodity market dynamics. Its projects are notable for their potential to deliver high-grade ores, and the company continually undertakes exploration and drilling to expand its resource base and add value to shareholders and the broader metals and mining industry.

About

CEO
—
Employees
1
Address
215 Hay Street
Level 3
Subiaco, 6008, WA
Australia
Phone
61 8 9226 1356
Website
Instrument type
Common stock
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
Australia
MIC code
XASX
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Latest press releases

May 28, 2026
PolarX Announces Outstanding Geophysics Results and Sampling Assays from Their Alaska Range Project

Together the Results Highlight Potential for a Major Copper-Gold System

ANCHORAGE, Alaska, May 28, 2026 /PRNewswire/ -- PolarX Limited (ASX: PXX; OTCQB: PXXXF) announced outstanding geophysics results and surface sampling assays that together highlight the potential for a major copper-gold system at the company's Alaska Range Project.

New 3D magnetic inversion modeling has identified a large magnetic body with a diameter of 3.5km that extends north from the Zackly magnetite skarn deposit across Jupiter to the Gemini prospect. High-grade surface mineralization directly overlies several magnetic apophyses interpreted to emanate from the deeper intrusive body, significantly enhancing the prospectivity of the system for large-scale intrusion-related copper-gold mineralization.

A total of 128 rock chips were collected and samples, returning widespread high-grade copper and gold results at the Jupiter and Mars and surrounding prospects. Additional details can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03090824-6A1325804&v=undefined.

PolarX Limited (https://www.polarx.com.au) is an advanced Australian mineral explorer and developer with rapidly growing high-grade Copper, Gold and Silver projects in Alaska and Nevada. The company's Alaska Range Mine Development has a total JORC resource of 11.2Mt; 269,375t Cu, 213,000oz Au and 3.131,000 oz Ag. The 2024 Spring Scoping Study showed A$625m pre-tax NPV, A$223m Capex, 74% IRR, 1.6-year payback. In Nevada, the company is focusing its efforts on the Humbold Range, which also boasts high grades of gold, silver, lead and zinc.

Cision View original content:https://www.prnewswire.com/news-releases/polarx-announces-outstanding-geophysics-results-and-sampling-assays-from-their-alaska-range-project-302784710.html

SOURCE PolarX Limited

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