Exploration and Operation Update

MinRex Resources Limited (ASX: $MRR) has released its quarterly activities report for the quarter ended 31 March 2024. The report highlights the completion of diamond drilling at the Queenslander Gold Prospect, ongoing exploration activities, and the company's strong financial position with $9.95 million cash at bank.

Executive Commentary

The Company is pleased to report the completion of diamond drilling at the Queenslander Gold Prospect, which has yielded significant gold intersections. This reaffirms our commitment to advancing our precious and battery metals project portfolio. We are also encouraged by the strong financial position, which provides us with the necessary resources to continue our exploration and assessment of new opportunities.

Summary

MinRex Resources (ASX: $MRR) has successfully completed diamond drilling at the Queenslander Gold Prospect, demonstrating significant gold intersections. The company remains well funded with $9.95 million cash at bank, enabling it to continue exploration activities and assess new opportunities to complement its existing project portfolio. The ongoing exploration efforts reflect the company's commitment to unlocking the potential of its precious and battery metals projects. With a strong financial position and promising exploration results, MinRex Resources is well-positioned to pursue its corporate strategy and drive future growth.