Welcome to Rox Resources
Rox Resources Limited (ASX: RXL) is an Australian exploration company with three key projects:
· the Mt Fisher Gold project in Western Australia;
· the Myrtle Zinc-Lead project in the Northern Territory; and
· the Marqua Phosphate Project in the Northern Territory.
Mt Fisher Gold Project (100%)
Rox has acquired a 615 km2 tenement package which dominates the highly prospective Mt Fisher Greenstone Belt, 40km to the east of the prolific Yandal greenstone belt and 100km east of the main Wiluna greenstone belt.
Rox has an Option to acquire a further area of 170 km2, including the Mt Fisher gold mine which has previously produced 30,000 ounces of gold, and shares similar geological characteristics with neighbouring greenstone belts that host several multi-million ounce gold deposits. Much of the Mt Fisher Greenstone Belt remains significantly under-explored and Rox is focusing on a number of options to establish near-term gold production at Mt Fisher.
Myrtle Zinc-Lead Project (JV with Teck)
Rox has a joint venture agreement with Teck Australia Ltd. (“Teck”) to explore its Myrtle project tenements situated adjacent to the world-class McArthur River zinc-lead deposit. Teck is required to spend $5 million to earn an initial 51% interest within 4 years, including a minimum of $1 million and 2,000m of drilling by 21 July 2012. Teck can increase its interest in the project to 70% by spending an additional $10 million ($15 million in total) over an additional 4 years.
A SEDEX style deposit has been identified by Rox at the Myrtle prospect, and has delineated a JORC Inferred Mineral Resource of 43.6Mt grading 4.09% zinc (Zn) and 0.95% lead (Pb). A higher grade core of 15.3 Mt grading 5.45% Zn and 1.40% Pb is present. Rox is extremely confident the resource will to continue to grow with further drilling. Several other prospects in the tenement area have similar potential to Myrtle but are at an early stage of exploration.
Marqua Phosphate Project (100%)
Rox also owns the Marqua Phosphate Project in the Northern Territory, located 300km south-west of Mt Isa. A 25 km long strike length of phosphate bearing rocks has been identified and there is the potential for a sizeable phosphate resource to be present. The project is located only 250 km from the nearest railhead and gas pipeline at Phosphate Hill.
Drill Rig at Reward Project, Northern Territory