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Rox Resources Limited (ASX:RXL)
ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.365 -0.045 (-10.98%)+
Announcement
Release
13 Jul 2026 8:23AM
Price at Release
$0.410
Full Release
Summary
Rox Resources Limited has received full environmental approval for its Youanmi Gold Mine in Western Australia, allowing construction to accelerate. The company has initiated the construction of its processing plant with a capacity of 1.0Mtpa, along with other infrastructure like a tailings storage facility and power station. The mining operations at Youanmi and United North are progressing ahead of schedule, with significant advancements in ore stockpile and underground drilling. Rox boasts a cash balance of $152.7 million and access to debt facilities of $350 million, positioning it to achieve its first gold pour by mid-2027.
Key Points
- Rox Resources received final environmental approval for Youanmi Gold Mine.
- Construction of processing plant with a capacity of 1.0Mtpa has begun.
- Mining operations at Youanmi and United North are ahead of schedule.
- Company holds a cash balance of $152.7 million as of June 2026.
- Access to $350 million in debt facilities planned for the second half of 2026.
- First gold pour targeted for mid-2027.
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.
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