Rox Resources (ASX:RXL) is a West Australian focused gold exploration and development Company. It is 70 per cent owner and operator of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth, and wholly owns the Mt Fisher Gold project approximately 140 kilometres southeast of Wiluna.
Youanmi has a Total Mineral Resource of 1,656 koz of contained gold, with potential for further expansion with the integration of existing prospects into the Resource and further drilling. Youanmi was a high-grade gold mine and produced 667,000oz of gold (at 5.47 g/t Au) before it closed in 1997. Youanmi is classified as a disturbed site and is on existing mining leases which has significant existing infrastructure to support a return to mining operations.
The Mt Fisher Gold Project has a total Measured, Indicated and Inferred gold Mineral Resource of 1.0 million tonnes grading 2.7 g/t gold for 89,000 ounces of gold at a cut-off of 0.8 g/t Au has been estimated at three deposits, Mt Fisher, Damsel and Moray Reef. Exploration is continuing on the company’s tenements.
Cannon Resources Limited is a Western Australia focused mineral resources exploration company, established to implement the demerger undertaken by Rox Resources Limited for the purpose of maximising the value of the Fisher East Nickel Project and the Collurabbie Nickel Project.