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Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.555 0.005 (0.91%)+
Announcement
Release
19 Aug 2026 8:01AM
Price at Release
$0.550
Full Release
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Summary
Rox Resources Limited has announced the signing of a Native Title Mining Agreement with the Badimia Barna Native Title Claim Applicant for the Youanmi Gold Mine project in Western Australia. This agreement marks a significant milestone, providing consent for future mining tenure grants, and establishing a framework for heritage protection, employment, training, and business development for the Badimia people. The agreement reflects Rox's commitment to responsible mining and constructive collaboration with indigenous stakeholders, aiming to respect cultural heritage and share economic benefits. The agreement includes specific provisions for project tenure, cultural awareness, employment opportunities, a liaison committee, and financial benefits such as royalties. This development is a crucial step towards the progression of the Youanmi Gold Mine, with gold production expected by mid-2027.
Key Points
  • Signing of Native Title Mining Agreement with Badimia Barna Native Title Claim Applicant
  • Consent for grant and renewal of future mining tenure and approvals
  • Framework for cultural heritage protection and cultural awareness
  • Employment, training, and business development opportunities for Badimia people
  • Establishment of a project liaison committee for ongoing engagement
  • Financial benefits including upfront payments and production-based royalties
  • Commitment to responsible mining and respect for cultural heritage
  • Gold production at Youanmi expected by 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.