QX RESOURCES LIMITED — M&A Activity 2026

Jun 2, 2026

2 June 2026

QX Resources
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Bid for Bayrock Resources

HIGHLIGHTS

• The Company has received a target’s statement for the off-market bid made by ECC Ventures 5 Corp. (ECC)
• The bid is conditional upon 90% acceptance
• QX Resources is yet to make any decision in relation to its ~35% holding in Bayrock
• Bayrock shareholders who accept ECC’s bid may be precluded from participating in any alternative transaction

QX Resources Limited (ASX: QXR, ‘QXR’) refers to its ~35% holding in Bayrock Resources Limited (Bayrock) and the off-market bid made by ECC Ventures Corp. (ECC). for Bayrock. Bayrock shareholders received Bayrock’s target statement in response to ECC’s bid on 1 June 2026.

The bid is conditional upon, amongst other things, holders of 90% of Bayrock’s shares accepting the bid.

QXR is currently considering its position. In the meantime, QXR notes that Bayrock shareholders who accept ECC’s bid may be precluded from accepting any alternative transaction, if one emerges. For that reason, QXR will not, at this time, be taking any action in relation to ECC’s bid.

Authorised by the Board of QX Resources Limited.

Further information:
Maurice Feilich, Executive Chairman: 0411 545 262

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QX Resources Limited
ABN 55 147 106 974
Ground Floor, 8 St Georges Terrace
Perth WA 6000
Tel: +61 8 9486 4036