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Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.595 0.21 (54.55%)+
Announcement
Release
22 Jul 2026 8:28AM
Price at Release
$0.385
Full Release
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Summary
Rox Resources Limited is progressing with its Youanmi Gold Project. Key developments over the quarter include the completion of project funding and securing significant debt financing. The company is moving towards production with a series of strategic steps including obtaining necessary approvals and commencing significant mining operations. The company's financial report shows active capital investments with a reduction in cash reserves corresponding to these activities.
Key Points
  • Rox Resources Limited's indicative pathway to production for Youanmi Gold Project is on track.
  • Definitive Feasibility Study was released in November 2025.
  • Project funding included a $200m Placement and $18m SPP completed in December 2025.
  • Debt Financing facilities of $350m secured in March 2026.
  • MDCP approval for processing plant and site infrastructure received in March 2026.
  • Final Investment Decision approved by the Board in March 2026.
  • Dewatering at Main Pit completed, transitioning to underground dewatering.
  • Mining works and infill drilling have commenced.
  • Works Approval granted in early July 2026.
  • Cash balance at the end of June 2026 was $152.7 million, a decrease of $47.7 million from March 2026.
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.