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Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.410 -0.02 (-4.65%)+
Announcement
Release
10 Jun 2026 8:19AM
Price at Release
$0.430
Full Release
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Summary
Rox Resources Limited is progressing well with its Youanmi Gold Mine project in Western Australia, with significant developments including the execution of an EPC contract with Interquip for the construction of the processing plant, which is on track for completion with bulk earthworks nearing completion. The company has re-established access to the Youanmi Decline, preparing it for modern mining, and is developing high-grade stockpiles at United North. A definitive feasibility study was released in November 2025, and financial backing is secured through a $350m debt facility and additional funding rounds, ensuring that the project is fully funded. The first gold pour is expected by mid-CY2027, as the company continues diamond drilling to enhance resource conversion and extend the mine’s life.
Key Points
  • Rox Resources Limited is advancing the Youanmi Gold Mine project in Western Australia.
  • The company has executed an EPC contract with Interquip for processing plant construction.
  • Bulk earthworks for the mill construction are nearing completion.
  • Youanmi Decline access is re-established and is being prepared for modern mining equipment.
  • High-grade stockpiles are being developed at the United North operations.
  • The first gold pour is targeted for mid-CY2027.
  • A definitive feasibility study was released in November 2025.
  • A $350m debt financing facility was secured in March 2026 to support development.
  • Diamond drilling is ongoing to convert resources and extend the mine's life.
  • The project is fully funded following a $200m placement and $18m SPP.
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.