Rox Resources

Primary Ticker: ASX:RXL
Stage of Development: Development, Exploration
Primary Minerals: Gold
Country / Region: Australia
Market Cap 237m
Website: Rox Resources
Rox Resources (ASX: RXL) is a West Australian focused gold exploration and development company. It is the 100 per cent owner of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth. The Company’s focus is on the development of the high-grade, high-margin Youanmi Gold Project that hosts a global mineral resource of 12.1Mt at 5.6g/t for 2.17Moz of gold. With a clear strategic and execution plan to production, Rox Resources offers significant value to its investors.
Management Profile
Phillip Wilding, Managing Director & CEO, Greg Hoskins,CFO
What is your rationale for taking part in 121 Mining Investment?
Potential project funding requirement, further market support, communicating updates to study and development.
What recent news would you like to highlight to investors attending?
July - MRE Update, August - Met Update, September - Major Clearing Permits and Appointment of Mining Contractor
What are your key goals for the next 3, 6 and 12 months?
3 Months
Delivery of DFS, Early works commencement (exploration decline)
6 Months
Funding, FID, Commence mill construction
12 Months
Development of orebody, mill construction well advanced, regional exploration program
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
General development execution risks - building a reputable, highly experienced team and bringing those on board with required skillsets to assist.
Funding for FID - well advanced on debt, supportive shareholder registry
What do you think makes your company such a compelling investment?
Rox has one of the highest grade undeveloped assets of scale in Australia, with a team or proven mine building leaders, we are focused on near term delivery of the DFS and derisking the project with early works
What are the top 3 key investor takeaways?
- Large, very high-grade underground mining project
- Superior margins.
- Proven development team