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Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.560 0.19 (51.35%)+
Announcement
Release
21 Jul 2026 8:24AM
Price at Release
$0.370
Full Release
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Summary
Rox Resources Limited presented at the Noosa Mining Investor Conference in July 2026, detailing the progress and future plans for the Youanmi Gold Project. The project, located in Western Australia, aims to become a significant gold producer with an aspiration to reach over 150koz per annum. The project is supported by a high-grade Mineral Resource Estimate and significant ore reserves, with plans for further infill and exploration drilling to extend the mine life and increase production rates. The company has reported significant progress, including site construction, securing necessary permits, and commencing ore development. The project is fully funded with a combination of equity and debt facilities, and boasts a low all-in sustaining cost, promising high margins at current gold prices. The pathway to first gold production is significantly de-risked, with initial gold pouring expected in mid-2027.
Key Points
  • Youanmi Gold Project aspiring to 150kozpa production.
  • High-grade Mineral Resource Estimate of 12.1 Mt @ 5.6 g/t Au for 2.2Moz.
  • Significant ore reserve of 4.4 Mt @ 4.8 g/t Au for 674koz.
  • Project fully funded with equity and debt facilities.
  • Low all-in sustaining cost resulting in high project margins.
  • Site construction commenced and permits secured.
  • First gold pour targeted for mid-2027.
  • Exploration potential to extend mine life and increase production rates.
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.