Yearly Archives: 2021

Youanmi Drilling Update – High Grade Intercepts at Junction Prospect

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Highlights:
• Assays received for a further 6 holes from the ongoing drilling program at Youanmi Gold Project.
• All holes intersected gold mineralisation.
• High-grade mineralisation intersected at Junction:
RXRC380: 4m @ 17.5g/t Au from 259m
RXRC376: 4m @ 6.1g/t Au from 170m
RXRC378: 3m @ 8g/t Au from 194m
RXRC379: 3m @ 7.1g/t Au from 243m at end of hole
• RC drilling continues at Junction in addition to Grace South and Link.
• Results pending for 9 holes with drilling ongoing.

 

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High Grade Intercepts Continue at Youanmi

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• Assays received for a further 8 holes.
• All holes received intersected gold mineralisation.
• High-grade mineralisation extended down plunge at Link.
RXRC369: 4m @ 7.2g/t Au from 131m
RXRC368: 4m @ 2.7g/t Au from 164m
RXRC365: 1m @ 5.2g/t Au from 220m
RXRC367: 4m @ 2.2g/t Au from 151m
• RC drilling continues at new high priority targets, Grace South, Link and Junction.
• Assays pending for 13 holes.

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Details of Company Address

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Australian gold and nickel company, Rox Resources Limited (Rox or the Company) (ASX: RXL) advises that it has relocated its principal and registered office to Level 2, 87 Colin Street, West Perth WA 6005. Telephone, Fax and email contacts are unchanged.

Rox to Demerge Nickel and Base Metal Assets

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• Fisher East and Collurabbie nickel and base metal assets to be spun out (via a demerger) into a new company “Cannon Resources Limited”.
• Eligible Rox shareholders to receive new Cannon Resources shares via an in-specie distribution, subject to Rox shareholder approval.
• 1 for 15 consolidation of the equity securities in Rox to be completed prior to demerger, subject to Rox shareholder approval.
• Rox shareholders are expected to receive 1 ordinary share in Cannon Resources Limited for every 4.3 shares (approximately) held in Rox on a post-consolidation basis.

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Hawkes Point Transaction Settles

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Australian gold and nickel company, Rox Resources Limited (Rox or the Company) (ASX: RXL) is pleased to confirm that the share placement to Hawke’s Point has settled.
Hawke’s Point has subscribed for 314,285,714 ordinary shares at an issue price of $0.035 each, for a total of $11 million before expenses. In addition, 157,142,857 options exercisable at $0.07 each and which expire on 25 March 2025 have been issued to Hawke’s Point.
This issue of shares results in Hawke’s Point now holding 13.3% of the fully paid ordinary shares on issue.

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