ASX:RXL
ASX:RXL
Rox Resources Limited (ASX: RXL) is a West Australian focused gold exploration and development Company. It is the 100 per cent owner of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth.
The Company’s focus is on the development of the high-grade, high-margin Youanmi Gold Project that hosts a global mineral resource of 12.1Mt at 5.6g/t for 2.17Moz of gold. With a clear strategic and execution plan to production, Rox Resources offers significant values to its investors.
Youanmi has a Total Mineral Resource of 2.17Moz of contained gold, with potential for further expansion with the integration of existing prospects into the Resource and further drilling. The Company’s recent drilling results confirmed new discoveries in near-mine areas at Midway and Paddy’s Lode, indicating potential to deliver extensive resource growth with quality ounces.
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 operation.
The Mt Fisher – Mt Eureka Project (“the Project”) is in the Northern Goldfields, approximately 500km northeast of Kalgoorlie (about 120km east of Wiluna) within the Mt Fisher greenstone belt which is located 40km east of the prolific Yandal greenstone belt, host of significant gold deposits including Jundee, Bronzewing and Mt McClure. The Project is also situated immediately along strike of Cannon Resources Limited’s (“Cannon”) nickel deposits (237kt of contained Nickel at 1.8% Ni) with the host ultramafic unit extending into the Project’s tenure.
Surrounded by world class gold and nickel deposits, the Project is considered highly prospective for gold and nickel mineralisation.
