Company Profile
Rox Resources is an emerging Australian exploration company focussing on zinc-lead deposits, particularly deposits of the Mississippi Valley Type (MVT). MVT zinc-lead deposits are known across the world and usually occur in “districts”, providing some 35% of the world’s zinc-lead resources. Notable MVT districts and/or deposits include the Lennard Shelf and Admiral Bay in NW Australia, Navan (Ireland), Mehdiabad (Iran), Reocin (Spain), Fankou (China) and the Mississippi Valley area of the USA.
Rox has established strong projects in three of the world's most promising zinc-lead provinces at Pha Luang, Lennard Shelf and McArthur River.
The Company owns a 60% interest in the Pha Luang lead-zinc sulphide project in Laos which it believes has the potential to become a large new lead-zinc district. The project area covers a 20km² mining concession area and contains more than 20 MVT zinc-lead prospects. Rox is the first explorer to apply modern techniques to the area. Mineralisation is widespread with zinc oxides and lead sulphides outcropping in various places along a strike length of over 10km.
Mineralisation has been defined at a number of prospects in the Pha Luang project, with over 9,000 metres of drilling conducted so far. A number of very strong drill targets, and extensions to known mineralisation remain untested. Drilling results include 33 metres grading 11.4% combined zinc and lead. Rox is now among several Australian mining companies enjoying success in Laos where the Government has stated its intentions to embrace mining as a priority industry.
Rox is accustomed to, and comfortable with operating in Laos, and maintains a fully staffed exploration office in the Lao capital, Vientiane, to support the Pha Luang project.
The Company has an option to joint venture a large 2,600km2 holding of ground on the Lennard Shelf in Western Australia. The Lennard Shelf is a known MVT province with past production, and has a mineral resource endowment of about 40 million tonnes at about 10% zinc equivalent grade. There is an extensive exploration and research database that Rox plans to use to efficiently and effectively explore the area, building upon its MVT expertise as manager of the proposed JV.
The Company recently announced the acquisition of the Reward zinc-lead project near McArthur River in the Northern Territory. McArthur River (HYC) is one of the largest sediment hosted (SEDEX) zinc-lead deposits in the world. Previous drilling at the Myrtle prospect located about 20km south of the McArthur River deposit has intersected 21 metres grading 5.2% Zn and 1.4% Pb. There are a number of other poorly explored prospects within the Reward project area.
Rox continues to actively review potential new opportunities, particularly zinc-lead projects in Australia and South East Asia.
