West Australian focused gold exploration and development company, Rox Resources Limited (ASX: RXL) has released the Investor Presentation from the RIU Conference.
HIGHLIGHTS
- Quality high grade resource reported at flagship project, Youanmi (3.0Moz at 3.78 g/t Au).
▪ Including high grade underground component of 2.2Moz at 6.9g/t Au.
▪ Resource remains open along strike and down dip with further growth likely.
▪ 39% of resource currently in indicated category (Jan 2022).
▪ Resource / Reserve definition drilling inferred -> indicated (ongoing). - Albion process preferred method for sulphide ore bodies at Youanmi (92.2% average gold extraction for underground).
- Feasibility studies continuing into restart of Youanmi.
- Mt Fisher – Mt Eureka Project, renewed focus on exploration with VMS prospectivity
identified. - Attractive entry price ($30 per attributable resource ounce).
