Category Archives: Announcements

Update – Reward Project Sale

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On 15 November 2016 Rox Resources Limited (ASX: RXL) (Rox or the Company) advised that it had received correspondence from legal representatives acting on behalf of Marindi Metals Limited (ASX:MZN) (Marindi) in which Marindi has alleged that it considers the Company remains bound to complete the sale of its interest in the Reward Zinc Project to Marindi, notwithstanding the exercise by the Company’s joint venture partner, Teck Australia Pty Ltd (Teck), of its pre-emptive right over the project.

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Rox Acquires Collurabbie Nickel-Gold Project

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that it has reached agreement with Falcon Minerals Limited (ASX:FCN) to acquire 100% of the Collurabbie project tenements, located 500km north of Kalgoorlie, Western Australia and 70km due east of Rox’s Fisher East nickel sulphide and Mt Fisher gold projects (Figure 1).

The tenements comprise E38/2009 and E38/2912, covering 63.1 km2 with most of the known nickel sulphide mineralisation located on E38/2009. In addition Rox has applied for adjoining tenement areas covering over 59 km2, giving a total project area of 122.5 km2.

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Rox Rewarded with up to $20.6 Million for Sale of Zinc Project

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Rox Resources Limited (ASX:RXL) (“Rox” or “the Company”) wishes to announce that Teck Australia Pty Ltd (“Teck”) has advised Rox that it has exercised its pre-emptive right to match the offer previously received from Marindi Metals Limited (“Marindi”) (“Marindi Offer”) (ASX:RXL 17 August 2016) for the purchase of Rox’s minority interest in the Reward Zinc Project ( the “Reward Project” or the “Project”) in the Northern Territory.

Pursuant to the Earn-in and Joint Venture Agreement (“JVA”) between Rox and Teck, Teck retained a pre-emptive right over Rox’s interest in the Project. Rox was obliged to offer to sell its interest in the Reward Project to Teck under the pre-emptive right.

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Aircore Drilling Results From Fisher East

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ESULTS

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce recent aircore (AC) drilling results from the Fisher East nickel sulphide project 500km north of Kalgoorlie, Western Australia (Figure 1).

The program of 2,540 metres consisting of 49 angled holes was designed to better define the target zones at the Mt Tate and Horatio prospects, and to test EM anomalies along strike to the south of Horatio. In addition an encouraging result north of the Sabre prospect has been received. Significant results were:

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Extension of Bonya Farm-In

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The directors of Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) are pleased to advise that agreement has been reached with farm-in and potential joint venture partner Arafura Resources to extend the stage 2 earn-in period on the Bonya project by 1 year.

Rox is earning-in to the Bonya project via a Farm-in and Joint Venture Agreement with Arafura Resources Limited (“Arafura”). Rox has already earned a 51% interest by expenditure of $500,000 between 10 December 2012 and 10 December 2014. Rox elected to continue to earn-in to the project and increase its interest to 70% by expenditure of a further $1,000,000 by 10 December 2016.

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Aircore Drilling Starts at Fisher East

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that AC drilling has commenced at the Fisher East nickel sulphide project 500km north of Kalgoorlie, Western Australia (Figure 1).

The program of 3,000 metres consisting of 49 angled holes will better define the target zones at the Mt Tate and Horatio prospects, and three as-yet unnamed EM anomalies (MTVTEM_06, _07 and _08) along strike to the south for follow-up RC drilling (Figure 3).

The AC drilling program is expected to take about 10 days to complete, with assay results available within 3-4 weeks after that.

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Sale of Reward zinc-lead project

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On 17 August 2016 Rox Resources Limited (ASX:RXL) (“Rox” or “the Company”) advised that it had accepted an offer from Marindi Metals Limited (“Marindi”) for the Company’s interest in the Reward zinc-lead project.

Under the Earn-in and Joint Venture Agreement (“JVA”) between Rox and Teck Australia Pty Ltd (“Teck”) Rox is obliged to offer to sell its interest in the Reward Project to Teck on the same terms and conditions as any offer Rox intends to accept.  Teck has been provided with such an offer (“Offer”).

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