SQX Resources Ltd (ASX: SQX) – Ground Position Doubled at Bonanza-Grade Williams Gold-Silver Project

13 February 2026

Price Sensitive Announcement $

Project Highlights:

• Recent winter staking campaign more than doubles AM6 Mining LLC’s (80%-owned by SQX) ground position at the Williams Au-Ag Project in Montana, adding 25 new claims to bring the total to 45 claims.
• Expanded footprint captures interpreted ~2.5 km strike extensions of bonanza-grade veins from the main Black Bear workings, where historical bulk sampling produced 876 tonnes @ 141.7 g/t Au and 780 g/t Ag.
• Strategic new claims also cover additional outcropping veins northeast of Black Bear, including Fool’s Hen and Christian’s Reef prospects (recent grab sample: 4.3 g/t Au + 30 g/t Ag).
• Low-cost expansion secures potential plunging high-grade shoots and emerging vein field trends for systematic testing in the 2026 field season.
• 100% ownership on the new 25 claims; original 20 claims under purchase agreement with 2% NSR royalty.

Overview:

SQX Resources has executed a smart, low-cost land grab to significantly boost its exposure to the high-grade Williams Gold-Silver Project in Montana, USA. Through its 80%-owned US subsidiary AM6 Mining LLC, the company completed a winter staking program that added 25 unpatented claims, expanding the total holding from 20 to 45 claims.

This move locks in strike extensions to the proven bonanza-grade epithermal vein system centred on the historical Black Bear workings — a classic underground development from the 1890s, with major activity in the 1940s and bulk sampling/metallurgy in the 1980s by Mark V. No modern production, but the grade credentials remain exceptional.

SQX’s own 2025 verification work (surface/underground sampling) has backed up the historical data, delivering standout results including channel samples up to 75.1 g/t Au + 576 g/t Ag over 0.6 m and grab samples hitting 358 g/t Au + 1,800 g/t Ag. The historical bulk samples remain a standout benchmark: 876 tonnes at 141.7 g/t Au and 780 g/t Ag from the 101 raise, plus broader development averaging 17.3 g/t Au and 84 g/t Ag.

By capturing ~2.5 km of potential extensions and additional parallel/outcropping structures, SQX is shifting from targeting a single deposit to exploring what could evolve into a broader high-grade vein field.

Executive Chairman Bevan Tarratt commented:

“Securing the strike extensions of a system that has historically produced bulk samples of 141g/t gold is a major win for the Company. This staking program ensures that as we move into our 2026 field season, we are not just exploring a single deposit, but what appears to be emerging as a significant vein field. We now have the ground required to systematically test for the next generation of bonanza-grade deposits across the entire 45-claim package.” Company Notes

SQX is building a focused portfolio of high-quality gold (and copper) assets in tier-one jurisdictions, with a clear emphasis on North America via AM6. The Williams Project (Montana) sits alongside the Red Bird Gold Project (Arizona) as key US holdings — both feature extensive historical underground development and validated high-grade potential. In Australia, the company holds gold-copper interests in southeast Queensland’s Esk Basin (Ollenburgs and Scrub Paddock prospects). Forward work at Williams includes detailed mapping/sampling (surface + underground), bulk sampling of exposed zones, EM geophysics (potentially down-hole), drilling to chase plunging shoots, and metallurgical testwork. This nimble expansion positions SQX well to unlock value in a proven bonanza-grade district ahead of an active 2026 program.

Full ASX Announcement: SQX ASX Announcement