Yearly Archives: 2017

New Nickel Sulphide Mineralisation Discovered at Fisher East

By | Announcements | No Comments

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.”

Read more…

Collurabbie Project Acquisition

By | Announcements | No Comments

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.

Read more…

Diamond Drilling Commences at Fisher East

By | Announcements | No Comments

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.

Read more…

Daily Resources Bulletin by Gavin Wendt

By | Uncategorized | No Comments

Trading Below $19M Cash Backing – Portfolio Stock (coverage initiated @ $0.019 in Sep 2015) Rox Resources (ASX: RXL, Share Price: $0.014, Market Cap: $17m) is one of our most respected exploration plays, with a trifecta of promising Western Australian projects – its Fisher East nickel sulphide project, its Fisher gold project and also its Collurabbie nickel-gold project. The company is extremely well funded, with $19m in cash and receivables following the sale of its Reward zinc project sale to Teck.

Having finalised an agreement that allowed Teck to exercising its pre-emptive right to acquire Rox’s stake in the Reward Zinc Project in the NT, Rox received cash proceeds of $16m (with a further $3.75m receivable) – leaving it cashed-up to fund exploration activity and examine new project opportunities.

Read More…

Quarterly Report – March 2017

By | Announcements | No Comments

• Fisher East Nickel Project, WA
o RC drilling commenced to test targets at Cutlass, Sabre North, Mt Tate, Tomahawk, Horatio and Claymore
o Diamond drilling at Sabre, Musket and Camelwood scheduled for May
• Mt Fisher Gold Project, WA
o Aircore drilling program by farm-in partner Doray completed, assays pending
• Collurabbie Nickel-Copper-PGE-Gold Project, WA
o Aircore drilling planned for 3rd quarter
• Reward Zinc-Lead Project, NT
o Sale of interest for $16.0 million cash plus a deferred payment of $3.75 million
• Bonya Copper Project, NT
o Project under review
• New project opportunities being actively reviewed

 

• Cash on hand at end of quarter was $15.0 million

Read More…

Drilling Commences at Fisher East

By | Announcements | No Comments

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to provide an update on its exploration activities previously reported (ASX:RXL 10 April 2017).
Mt Fisher Gold Project
The aircore drilling program at Mt Fisher (by farm-in partner Doray Minerals) of 12,052m in 254 holes has been completed. The program targeted structural positions for gold mineralisation. Assay results are expected in 4-6 week’s time.

Read More…

Exploration Update

By | Announcements | No Comments

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to provide an update on its exploration activities previously reported (ASX:RXL 22 February 2017) following completion of the sale of its interest in the Reward Zinc-Lead project for a total $19,727,273.

The aircore drilling program at Mt Fisher (by farm-in partner Doray Minerals) and the planned RC and diamond drilling programs at Fisher East have been delayed by unseasonal wet weather in the WA Goldfields. This has resulted in road closures by the local shires, so it is not expected that access will be possible until after Easter.

Read More….

Aircore Drilling Commences at Mt Fisher

By | Announcements | No Comments

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to advise that an aircore drilling program of approximately 16,000 metres has been commenced at the Mt Fisher project (Figure 1) under the Farmin Agreement with Doray Minerals limited (ASX:DRM) (“Doray”).

The drilling is targeting interpreted zones of possible gold mineralisation located in favourable structural positions. These targets were developed by Doray following a gravity survey undertaken last year as well as a structural analysis of geophysical and geological data.

Read More….

Company Update

By | Announcements | No Comments

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to update its  corporate objectives following completion of the sale of its interest in the Reward Zinc-Lead project.

The proceeds from the sale of Reward total $19,727,273 are comprised as follows:

  • a cash payment of $15,827,273 recently received (refer ASX release 16 February 2017)
  • a $150,000 deposit (previously received); and
  • a deferred cash payment of $3,750,000 (due at the earlier of a Bankable Feasibility Study being completed on the project, or 6 years).

Read More….