Yearly Archives: 2014

Strong VTEM Results at Bonya

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report results from an airborne Versatile Time Domain Electro-Magnetic (VTEM) survey conducted over a large portion of the Bonya project tenements 350km east of Alice Springs in the Northern Territory.

The airborne VTEM survey was designed to detect electro-magnetic conductors that could be indicative of accumulations of copper sulphide mineralisation similar to the nearby Jervois deposits.

The survey was very successful, with ten (10) anomalies identified as targets, of which three are considered high priority. B_10 has a very similar EM signature to the one observed at Jervois, while B_01 and B_03 are strong, well-defined anomalies occurring on at least two survey lines in favourable geological units.

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Fisher East Drilling Re-Commences

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that Reverse Circulation (RC) drilling has re-commenced at its Fisher East nickel sulphide project, 500km north of Kalgoorlie in Western Australia.

The new RC drilling program (12 holes for 2,400m) is designed to follow-up previously reported nickel sulphide mineralisation (ASX: 18 December 2013) at two separate locations, along the strike of the Camelwood ultramafic unit (Figure 1).

Each mineralised zone, Cannonball and Musket, is over 200m in strike length (Figures 2 – 4), indicating a southern strike continuation of the mineralisation from Camelwood where a mineral resource of 1.6 Mt @ 2.2% Ni has been defined (ASX: 3 October 2013).

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Fisher East Option Terms Re-Negotiated

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that it has re-negotiated the terms of the Option Agreement to acquire mineral tenements covering a portion of its Fisher East nickel sulphide project, 500km north of Kalgoorlie in Western Australia.

The original Option Agreement (ASX: 27 May 2011) had a term expiring on 30 June 2014, with an exercise payment of $3.5 million due on or before that date.

The new terms provide for an extension of the Option term for a further 12 months to 30 June 2015 as shown below. An additional payment in consideration for the extension of term of $200,000 will be payable by 31 December 2014.

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Letter to Shareholders

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Dear Shareholder,

Last year was a very significant year of progress for your Company, with the discovery of the Camelwood nickel sulphide deposit in Western Australia, and the Teena zinc-lead deposit in the Northern Territory. These discoveries place Rox in a position to look forward to 2014 with optimism.

The Company would not have been able to achieve the success of 2013 without the support shown by shareholders with your strong participation in the Share Purchase Plans undertaken in late 2012 and 2013.

There is no doubt that the environment for small cap resources companies has been extremely tough, especially in the latter half of 2013. However we are starting to see positive signs of an improvement in sentiment, with commodity prices recovering and interest in small cap stocks returning. With this background we have pleasure in providing you with an update of our plans for this year.

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Assays Confirm New Nickel Sulphide Discoveries

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report laboratory assays from the Reverse Circulation (RC) drilling program previously reported (ASX: 18 December 2013) at its Fisher East nickel sulphide project, 500km north of Kalgoorlie in Western Australia.

The RC drilling program (18 holes for 2,619m) intersected nickel sulphide mineralisation at shallow depths in two separate locations, Cannonball and Musket, along the strike of the Camelwood ultramafic unit (Figure 1).

Each mineralised zone is over 200m in strike length (Figures 2 & 4), indicating a southern strike continuation of the mineralisation at Camelwood where a mineral resource of 1.6 Mt @ 2.2% Ni has been defined (ASX: 3 October 2013).

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