West Australian-focused gold exploration and development company Rox Resources (ASX: RXL) released a scoping study for its flagship Youanmi project, in the Murchison region, which provided a positive foundation for detailed feasibility studies into a restart of operations.
The scoping study set a net present value for Youanmi of $303 million, based on a gold production target of approximately 71,000ozpa at an average feed grade of 5.0g/t over an eight-year mine life. The scoping study only included 20% of Youanmi’s mineral resource.
Rox is planning resource development and exploration drilling at Youanmi to commence this quarter to build on the existing resource inventory and convert existing resources to a higher confidence category, with the aim of further strengthening the project metrics.
View the Rox December Quarterly Activities
View the Rox December Cashflow Report
