Category Archives: Announcements

Director Resignation

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Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL) advises that Mr Brett Dickson has resigned as a director of the Company to concentrate on his executive duties. Mr Dickson will continue as Company Secretary and CFO.

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Youanmi Exploration Update

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Highlights:
• Significant exploration activity continues at Youanmi
• New gold zone discovered 3km north of mine site. AC drilling of 251 holes for 11,516m completed to date. Assays received for first 25 holes with new high-grade gold zone identified within the Youanmi granite 3km north of Grace in RXAC022 4m @ 15.95g/t Au from 36m
• RC drilling ongoing as excellent results continue RXRC314 2m @ 13.96g/t Au from 114m encountered at Grace (north)
• Assays pending for 1½ months of drilling comprising 2,600 metres of RC drilling from 17 holes. 226 aircore holes and 9 diamond.
• Visible gold in diamond drilling at Grace. 9 diamond holes for 1192m completed at Grace with results pending for all holes.

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New exceptionally high gold grades extend Grace Prospect

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Highlights:

  • New, very high-grade results encountered at Grace extend strike length of mineralised envelope to 700m
  • Best intercept in this round of results from drillhole RXRC239: 13m @ 60.49g/t Au from 177m, including 4m @ 191.56g/t Au from 181m.
  • Elsewhere drilling at the Youanmi Gold Project has continued to deliver impressive gold grades with other highlights including:
    • RXRC310: 4m @ 18.53g/t Au from 88m (Grace)
    • RXRC308: 3m @ 22.67g/t Au from 10m (Grace)
    • RXRC305: 3m @ 10.26g/t Au from 107m (Grace North)
    • RXRC312: 3m @ 5.72g/t Au from 217m at EOH (Grace North)
  • Rox MD to host webinar to discuss results (details below)

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Impressive Gold Grades in Youanmi Drilling

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Highlights

Deepest drilling completed at Grace has intersected impressive gold grades. Highlights include:

  • RXRC287: 25m @ 34.79g/t Au from 143m (Grace)
    • Including: 6m @ 140.7g/t Au from 150m
    • Deepest intercept to date extending mineralisation both along strike, and down-dip
  • RXRC291: Visible gold in RC chips approximately 20m down dip from RXRC287 intersection. Assays Pending.

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Rox’s SPP Over-Subscribed, Raises $4.0 Million

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Rox Resources Limited (ASX: RXL) (“Rox” or the “Company”) is pleased to announce that the Company’s Share Purchase Plan (“SPP”) has closed over-subscribed with valid applications for $5.3 million received, an outstanding result given current market conditions.

The Company has accepted applications of a total of $4 million with SPP applicants being scaled back to this level. As a result, the Company will issue 166,666,667 new shares at $0.024 each.

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