InvestSMART

Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.585 0.105 (21.88%)+
Announcement
Release
17 Aug 2026 8:05AM
Price at Release
$0.480
Full Release
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Summary
Rox Resources Limited has made significant progress at its Youanmi Gold Project, with construction and mining operations advancing on schedule. Key milestones include the mobilisation of resources, construction of the processing plant, and significant progress in mining operations, particularly in the declines. Recent high-grade drilling results indicate potential for expansion beyond the current mine plan, supporting the project's growth. The company has secured the necessary funding and approvals, keeping them on track for production. The exploration results further highlight the potential for significant deposits, underpinning the project's strategic importance.
Key Points
  • Mobilisation to site has commenced with major contracts underway.
  • Construction of Rox’s Processing Plant is progressing on schedule.
  • Mining operations are exceeding advance rates with significant progress in declines.
  • Pathway to production is on track with key milestones achieved.
  • High-grade drilling results continue to support expansion of United North mine.
  • Significant intersections discovered in underground drilling.
  • Project funding and approvals have been secured.
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.