Yearly Archives: 2017

Aircore Drilling Commences at Collurabbie

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce the commencement of an aircore drilling program at its Collurabbie project 250km north of Laverton in Western Australia (Figure 1).
The drilling program is scheduled to comprise 6,000 metres, and will test a number of targets (Figure 2) within the Company’s tenements.
Rox Managing Director, Ian Mulholland said: “This will be our first on-ground exploration at Collurabbie, and we’re looking forward to implementing the exploration techniques that we have used at Fisher East to successfully deliver a number of nickel sulphide discoveries.”
“This follows up our announcement of a maiden Inferred Mineral resource at the Olympia deposit of 573,000 tonnes grading 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt made recently (ASX:RXL 18 August 2017), showing the great potential of this project area.”
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Maiden Inferred Mineral Resource for the Olympia Nickel-Copper-Cobalt-PGE Deposit

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce a maiden Inferred Mineral Resource for the Olympia nickel-copper-cobalt-PGE deposit, part of Rox’s Collurabbie project 250km north of Laverton in Western Australia (Figure 1).
The Mineral Resource estimate of 573,000 tonnes grading 1.63% Ni, 1.19% Cu, 0.082% Co and 2.33 g/t Pd+Pt (1.49 g/t Pd and 0.85 g/t Pt) at a 1% Ni cut-off grade was undertaken by Trepanier Pty Ltd.
Assuming equivalent recoveries of Ni and Cu into concentrate (as per other Western Australian nickel-copper projects), the nickel equivalent grade (NiEq*) would be 2.36%, based on recent metal prices, giving 13,500t NiEq contained metal.

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Quarterly Report – June 2017

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to provide its Quarterly Report for the period ending 30 June 2017.
Several drilling programs have been undertaken across the Company’s portfolio and further programs are planned.
The Company continues to carefully explore its nickel projects but with a prudent approach given the current nickel market and outlook. The Company has also initiated a search for project opportunities in other commodities, including copper, zinc, gold and silver.

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Rox Settles Marindi Litigation

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that Marindi Metals Limited (“Marindi”) has agreed to discontinue the Supreme Court proceedings it commenced against the Company.
Under the settlement terms a payment of $300,000 cash will be made to Marindi by Rox (equivalent to the Break Fee in the original Marindi offer). Each party will bear its own costs up to this point, and will have no further claims against the other.

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Extensions to Fisher East Nickel

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report continued positive progress following a recently-completed diamond drill program at Fisher East (Figures 1 and 2).
The program tested deeper targets at the Sabre prospect and the Camelwood and Musket deposits. Four of the five drill holes were also surveyed by the Downhole EM (DHEM) technique.
Rox Managing Director, Mr Ian Mulholland said: “The deeper diamond drilling has indicated that the Camelwood, Musket and Sabre mineralised zones do continue at depth. There are strong off hole EM conductors at all deposits that are worth following up.”

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Mt Fisher Gold Project Update

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) reports that after meeting its minimum expenditure requirement of $1 million by 30 June 2017 Doray Minerals Limited (“Doray”) has advised that it does not wish to continue with its farm-in to the Mt Fisher gold project (Figure 1) and has withdrawn from the project.
Rox will now review the results of Doray’s exploration, particularly the zones of interest generated from the aircore drilling and also elsewhere on the tenements, and consider next steps.

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New Nickel Sulphide Mineralisation Discovered at Fisher East

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report encouraging results from the recently-completed RC drilling program at Fisher East (ASX:RXL 19 April 2017) (Figures 1 and 2).
The program generated the first ever intersection of massive and disseminated nickel sulphides at Mt Tate (Figure 3), and expands the prospectivity of the Fisher East Ultramafic Belt.
Rox Managing Director, Mr Ian Mulholland said: “This new discovery at Mt Tate supports our confidence that Fisher East is an extremely fertile Ultrmafic Belt. Mt Tate is now the fifth nickel sulphide mineralised zone we have identified after Camelwood, Musket, Cannonball and Sabre.”

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Collurabbie Project Acquisition

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to advise that a plaint brought by Baracus Pty Ltd over one of the tenements comprising the Collurabbie Project (“Project”) has been dismissed, allowing the Company’s acquisition of 100% of the Project (ASX:RXL 20 October 2016) tenements to proceed.
The purchase price of $25,000 cash and 7,500,000 shares in Rox will be paid and issued to Robo 3D Limited (ASX:RBO) (previously Falcon Minerals Limited) over the next few days.
The Collurabbie Project is located 500km north of Kalgoorlie, Western Australia and 70km due east of Rox’s Fisher East nickel sulphide and Mt Fisher gold projects.

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Diamond Drilling Commences at Fisher East

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to advise that diamond drilling has commenced at the Fisher East nickel sulphide project (Figures 1 and 2).
Three key targets are due to be tested looking for deep extensions of known resources and mineralisation at the highly-prospective project.
Diamond drill holes at Sabre will target a large EM conductor that was previously identified by shallow RC drilling and intersected massive and disseminated nickel sulphides (Figure 3). The latest program will test the EM conductor at around 250 metres below surface and will establish the potential for further significant massive sulphides at Sabre and provide some indication of the potential size and extent of the mineralisation.

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