World Class Zn-Pb Resource at Teena

World Class Zn-Pb Resource at Teena

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  • June 1, 2016

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce a maiden Inferred Mineral Resource for the Teena zinc-lead deposit, located 8 km west of the McArthur River zinc-lead mine in the Northern Territory (Figure 1).

The Teena deposit forms part of the Reward zinc-lead project, subject to an option/joint venture (“Rox-Teck JV”) agreement, currently owned 49% by Rox and 51% by Teck Australia Pty Ltd (“Teck”) (51%), a subsidiary of Teck Resources Limited. Teck has the option to increase its JV interest to 70% by spending up to A$15 million in total by 31 August 2018. As at 31 March 2016 Teck had spent approximately $13.85 million.

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