Rox Resources Ltd · ASX:RXL
Rox Resources — South-West Connect ASX Showcase 2021
20 slides from Rox Resources's conference presentation, Oct 27, 2021
Slide 1: Investor Presentation
ASX:RXL Investor Presentation South-West Connect ASX Showcase 27 October 2021 Alex Passmore | Managing Director 1
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements Competent Person Statements This presentation has been prepared by Rox Resources Limited. This document contains background information about Rox Exploration Results Resources Limited current at the date of this presentation. The presentation is in summary form
Slide 3: Investment Highlights
Investment Highlights Quality high grade resource at flagship project, Youanmi (1.7Moz at 2.85 g/t) (1) Strong potential for resource growth Feasibility studies commenced into restart of Youanmi Mt Fisher - Mt Eureka Project, renewed focus with VMS prospectivity identified Attractive entry price ($4
Slide 4: Near-term Strategy
Near-term Strategy “Active exploration company, progressing studies with near term cash flow opportunities” Active Exploration Studies Near Mine Resource Growth Production - potential restart Regional Youanmi Early cash flow opportunities Mt Fisher - Mt Eureka Project Existing mine with
Slide 5: Corporate Information
Corporate Information About Rox Resources Shareholders Rox Resources Limited (ASX:RXL) is a West Australian focused gold exploration and development Company. It is 70% owner and operator of the historic Youanmi Gold Project near Mt 2% Hawke's Point 13% 13% Magnet, approximately 480 kilometres northe
Slide 6: Experienced Team
Experienced Team Board Stephen Dennis Alex Passmore John Mair Non-Executive Chairman Managing Director Non-Executive Director Management Chris Hunt Matthew Antill Gregor Bennett Chief Financial Officer General Manager Exploration Manager Operations 6
Slide 7: Comparable Gold Explorers: EV per attributable resource ounce
Comparable Gold Explorers (1), (2), (3) 350 3.50 EV/attributable resource ounce (A$) 300 M&I 3.00 46% 250 2.50 Grade (g/t Au) 200 M&I 2.00 43% 150 M&I M&I 1.50 20% 74% 100 1.00 M&I M&I 57% 48% M&I M&I 50 44% 72% 0.50 0 0.00 Musgrave Degrey Alto Metals Apollo Breaker Resources Black Cat Rox Resources
Slide 8: Youanmi Gold Project
Youanmi Gold Project Rox holds a 70% interest in the Youanmi Gold Mine (OYG Joint Venture). It is the manager of the JV. Previously produced 670,000 ounces at 5.4g/t Au; closure in 1997 when gold price was A$400/oz – A$450/oz Mine Area Last parcel of ore mined underground at Youanmi Penny Gold (Nove
Slide 9: Mineral Resource - June 2021
Mineral Resource - June 2021 Youanmi Total Mineral Resources increased by 466 koz Youanmi Resources Remaining June 2021 Area Classification Cut-Off Tonnes Change in Previously (Widenbar 2018) Au Grade Au Metal Au Metal Tonnes Au Grade Au Metal (+39%) to 1,656 koz of contained gold (Au). (dmt) (g/t)
Slide 10: Resource Observations
Resource Observations Resources start from surface and in many cases do not require a pit cutback (Grace, Plant Zone, Hill End) Opportunity for a high grade starter pit (Grace, and potentially Hill End) followed by a high grade underground (using 1990’s decline as a starting point) Parallel lodes in
Slide 11: Infrastructure
Infrastructure The Youanmi Project includes a developed underground mine (dewatering required) and surface infrastructure including: Midwest Pipeline & Road Infrastructure Access roads (sealed roads 90km from mine gate) - Spur line to Mount Magnet has a 4.1TJ/D Airstrip capacity (APA Group) - State
Slide 12: Progress to date
Progress to date More than 50,000 metres of drilling in the past 18 months Youanmi Gold Project Substantial 39% increase in resource to 18.1M tonnes @ 2.85g/t Au for 1.7 million ounces (1) Low discovery cost of just $16 per resource ounce, well below industry averages Cash injection from major inter
Slide 13: Resource Growth to Continue
Resource Growth to Continue Multiple drill rigs working on near mine extension drilling at Youanmi Targeting the intersection of north-west trending mafic rocks and north-south accommodation structures Resource growth momentum building with recent positive results Adding mineable ounces near existin
Slide 14: Regional Targets - Upside
Regional Targets - Upside 424 holes, 22,337m Aircore drilling program recently completed on Youanmi Regional JV tenements. Assays remain pending for all holes Program targets an 18.5km long highly-prospective greenstone corridor between the Youanmi and Penny deposits 4 high-priority target areas ide
Slide 15: Youanmi - Next Steps
Youanmi - Next Steps Feasibility Studies into optimal production scenarios including: Metallurgical test work; Processing plant design; Pit optimisation; Dewatering and geotechnical studies; Waste rock characterisation; and Environmental baseline testing Focussed on growing the resource
Slide 16: Mt Fisher - Mt Eureka
Mt Fisher - Mt Eureka Following the demerger of its nickel assets, Rox has a renewed focus on targeting orogenic gold mineralisation and strata-bound VMS style mineralisation VMS prospectivity identified through extensive project review Planned immediate work programs: 160 holes, 7,000 metre Aircore
Slide 17: Investment Highlights
Investment Highlights Quality high grade resource at flagship project, Youanmi (1.7Moz at 2.85 g/t) (1) Strong potential for resource growth Feasibility studies commenced into restart of Youanmi Mt Fisher - Mt Eureka Project, renewed focus with VMS prospectivity identified Attractive entry price ($4
Slide 18: Appendix 1 – Youanmi Mineral Resources
Appendix 1 – Youanmi Mineral Resources Youanmi Resources Remaining June 2021 (ASX:RXL 23 June 2021) Cut-off Tonnes Au Grade Au Metal Area Classification (g/t) (dmt) (g/t) (oz) Near Surface Indicated 0.5* 7,470,000 1.81 434,000 Deeps Indicated 4.0 1,097,000 8.23 290,200 Sub-total Indicated 8,567,000
Slide 19: Appendix 2 - Mt Fisher Gold Mineral Resources
Appendix 2 - Mt Fisher Gold Mineral Resources Mt Fisher Gold (ASX:RXL 11 July 2018) Grade Deposit Category Tonnes Gold (oz) (g/t Au) Measured 25,521 8.02 6,577 Indicated 4,930 5.95 943 Moray Reef Inferred 1,242 3.87 155 Total 31,693 7.53 7,675 Measured 125,605 3.61 14,569 Indicated 59,533 3.63 6,948
Slide 20: Rox Resources Limited
ASX:RXL Rox Resources Limited Level 2, 87 Colin Street, West Perth, WA, 6005 T: (08) 9226 0044 E: admin@roxresources.com.au W: www.roxresources.com.au Follow Rox: 20