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Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.380 -0.04 (-9.52%)+
Announcement
Release
7 May 2026 8:18AM
Price at Release
$0.420
Full Release
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Summary
Rox Resources Limited has successfully completed the dewatering of the Main Pit at Youanmi, exposing the historic Main Decline while maintaining low water levels with pumps. Transitioning efforts are in place to dewater underground workings through a borehole. Preparations for access re-establishment to the pit floor are progressing, with advanced works on new accesses to the Main and Pollard Portals. A power station installation is complete, awaiting commissioning. Development at United North is advancing faster than anticipated, with significant ore lodes identified. The processing plant construction has started, supported by completed accommodation facilities, and several contractors have been engaged for development and drilling operations.
Key Points
  • Rox Resources Limited has completed dewatering at the Youanmi Main Pit.
  • The historic Main Decline has been exposed, and pumps are maintaining low water levels.
  • Transition to dewatering underground workings is underway through an initial borehole.
  • Preparation works are advanced for re-establishing access to the pit floor.
  • New accesses to Main Portal and Pollard Portal are being prepared.
  • A power station for Main Pit is installed and ready for commissioning.
  • Significant progress in development meters at United North, exceeding feasibility study predictions.
  • Face-sampling results align with model expectations, predicting significant ore lodes.
  • Processing plant construction has commenced, with all buildings for the accommodation village onsite.
  • Rox Resources has engaged several contractors for infrastructure development and drilling activities.
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.