Yearly Archives: 2015

Copper Intersected at New Prospect

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report more high grade copper results from the recent reverse circulation (RC) drilling program at its Bonya copper project, located 350km east of Alice Springs in the Northern Territory.

The drilling was undertaken at the Bonya Mine prospect to follow up spectacular drilling results received last December (38m at 4.4% Cu) and two new prospects , Green Gully and Green Hoard, (Figure 1).

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Another Stunning Result From Teena

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report another excellent drill result from diamond drilling at the Teena zinc prospect (Figure 1), which forms part of the Reward project in the Northern Territory.

Hole TNDD022 was the fourth and final hole drilled at Teena this year (Figure 2), and another strong intercept of high grade zinc and lead sulphide mineralisation was returned in both defined lenses:

Lens 2:          20.8m @ 12.8% Zn+Pb from 849.7m, including

15.1m @ 16.4% Zn+Pb from 855.4m, and

Lens 1:          5.1m @ 9.0% Zn+Pb from 892.2m, including

3.8m @ 11.0% Zn+Pb from 892.2m

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Another Exceptional Hole at Teena

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report another exceptional drill result from diamond drilling at the Teena zinc prospect (Figure 1), which forms part of the Reward project in the Northern Territory.

Hole TNDD020 was drilled on the same north-south section as holes TNDD021 and TNDD014 (Figures 2 & 3), and intersected further high grade zinc and lead sulphide mineralisation in both defined lenses:

Lens 2:          35.4m @ 13.2% Zn+Pb from 817.0m, including

21.2m @ 18.6% Zn+Pb from 831.2m, and

Lens 1:          12.8m @ 9.4% Zn+Pb from 895.2m, including

6.8m @ 12.5% Zn+Pb from 895.2m

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Rights Issue Prospectus

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Prospectus for a renounceable rights issue to raise approximately $1,668,310 (before costs) at an issue price of 1.5 cents per New Share with Eligible Shareholders having an Entitlement to subscribe for 1 New Share for every 10 Shares held (Entitlement Offer).

The Entitlement Offer is partially underwritten by Patersons Securities Limited.

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Share Placement Completed

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Rox Resources Limited (ASX:RXL “Rox” or “the Company”) wishes to announce that it has completed the Share Placement announced on 3rd November 2015.

The initial intention was to raise $500,000 through a placement to institutional and sophisticated investors, however due to strong support from an overseas based investor this amount has been increased to $1,000,000.

Eligible Shareholders will be offered the opportunity to participate in an Entitlements Issue on the same terms as the share placement.

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Good Results Keep Coming At Teena, 19.7m at 14.9% Zn and Pb

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report further assay results from diamond drilling at the Teena zinc prospect (Figure 1). The Teena prospect forms part of the Reward project in the Northern Territory.

Hole TNDD021 was drilled to confirm the northern extent of high grade mineralization toward the Bald Hills Fault zone between previous holes TNDD010 and TNDD011, (Figure 2), and intersected high grade zinc and lead sulphide mineralisation with further exceptional results.

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Rox Resources Named Australian Explorer of the Year

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report that it has taken out the prestigious Explorer of the Year Award at the 2015 Australian Mining Prospect Awards staged in Sydney.

The award was presented to Rox Resources on the back of a highly successful year which saw the company have drilling successes that continued to build on its exciting Fisher East nickel sulphide project in WA, led to the promising copper discovery at Bonya in central Australia and saw further exploration success at the Teena zinc project in the Northern Territory.

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Strategic Review and Capital Raising

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Rox Resources Limited (ASX:RXL “Rox” or “the Company”) wishes to announce that it has conducted a strategic review of its projects and assets.

Following this review, the Company has decided to consider options for commercialising its interest in the Reward Zinc project (which includes the significant Teena discovery). This process may involve a sale to a third party or a spin out into a separate company.

Rox will also undertake a capital raising via a Placement and Entitlements Issue to ensure the Company is sufficiently funded during the period in which the sale of its interest in Reward Zinc is being progressed.

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September 2015

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During the third quarter of 2015 the Company has carried out aircore drilling and undertaken pre-feasibility studies on the Fisher East nickel sulphide project in Western Australia, and received assays from drilling at the Teena prospect (Reward zinc project) in the Northern Territory.

At Fisher East:

  • Aircore drilling was undertaken to test a number of new EM conductors with fresh nickel sulphides intersected at the Mt Tate prospect.
  • Baseline environmental studies continued.
  • Pre-Feasibility Studies continued.

At the Reward zinc-lead project in the Northern Territory:

  • Spectacular assay results from the first deep hole drilled at Teena this year were received.
  • Three more holes were drilled with assays pending.
  • Geochemical and geophysical surveys were undertaken to test regional targets.

At the Bonya copper project in the Northern Territory:

  • RC drilling is planned for the second half of 2015.

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Exceptional Thick, High Grade Zinc Drill Intersection

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report assay results from the first diamond hole drilled at the Teena zinc prospect (Figure 1) this year. The Teena prospect forms part of the greater Reward project in the Northern Territory.

Hole TNDD019 was drilled approximately 200m east of discovery hole TNDD009 (Figure 2), and intersected high grade mineralisation with exceptional results.

TNDD019:    38.8m @ 16.9% Zn+Pb from 1068.9-1107.7m, including

                                        20.0m @ 22.4% Zn+Pb from 1076.0–1096.0m, and

                        8.9m @ 8.0% Zn+Pb from 1164.0 – 1172.9m, including

                                        5.0m @ 10.8% Zn+Pb from 1164.3-1169.3m

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