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Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.390 -0.18 (-31.58%)+
Announcement
Release
14 Jan 2026 8:20AM
Price at Release
$0.570
Full Release
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Summary
Rox Resources Limited, an Australian gold exploration and development company, has provided a development update for its Youanmi Gold Project in Western Australia. The company has made significant progress, including the completion of approximately 420 meters of underground development and establishment of a ventilation portal at United North. Main pit dewatering is well advanced, and work on the processing plant is underway with tenders received for the Engineering, Procurement, Construction (EPC) phase. Additionally, Rox Resources appointed Jonathan Streeter as General Manager – Geology, strengthening their technical leadership. The company is optimistic as it transitions into production, with key infrastructure, such as the power station and oxygen supply works, advancing. The project is anticipated to become one of the highest-grade gold producers in Western Australia.
Key Points
  • Approximately 420 meters of underground development completed at United North.
  • Main pit dewatering well advanced, scheduled for completion in Q1 CY2026.
  • Front End Engineering Design (FEED) works for processing plant advancing; EPC tenders received.
  • Early procurement and major infrastructure including power station and oxygen supply works progressing.
  • Jonathan Streeter appointed as General Manager – Geology.
  • 24-hour operations commenced at United North, with mining rates increased.
  • Construction crews focusing on accommodation camp expansion and underground workshop facilities.
  • Company expects to transition into production and become a high-grade gold producer in Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.