Maiden Inferred Mineral Resource for the Olympia Nickel-Copper-Cobalt-PGE Deposit

Maiden Inferred Mineral Resource for the Olympia Nickel-Copper-Cobalt-PGE Deposit

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  • August 18, 2017

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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