Slide 1: Successful Base Metals Exploration
For personal use only Successful Base Metals Exploration Diggers & Dealers Presentation 5 August 2015 ASX: RXL 1
Slide 2: Disclaimers
Disclaimers For personal use only Forward-Looking Statements Competent Person Statements This report contains certain forward looking statements. The words "expect", "forecast", "should", "projected", The information in this report that relates to Exploration Results for the Mt Fisher, Reward and Bo
Slide 3: Introducing Rox
Introducing Rox For personal use only Rox Resources ASX : RXL Market Cap ~A$21M Ni Zn Cu Fisher East Nickel, WA Reward Zinc, NT Bonya Copper, NT 3.6Mt @ 2.0% Ni* Exploration Target at Teena High grade copper Scoping Study complete 60-80Mt @ 10-12% Zn+Pb** Discovery PFS underway Option/JV with Teck e
Slide 4: Last Year's Scorecard
Last Year’s Scorecard For personal use only Fisher East (FE) resource update Musket resource added, doubled total resource to 72,100 t Ni Look at FE scope for development Scoping Study completed, PFS now underway Make further discoveries at FE Cannonball drilled (5.3m @ 2.7% Ni) Sabre discover
Slide 5: Fisher East Location
Fisher East Location For personal use only New province for nickel sulphide deposits – discovered by Rox – 150km NE of Leinster (BHP Nickel West) Current Resource* of 3.6 Mt @ 2.0% Ni for 72,100 tonnes Ni Scoping Study completed PFS underway Continued exploration success over 25km of strike – four d
Slide 6: Four Nickel Discoveries
Four Nickel Discoveries For personal use only Camelwood 1.6 Mt @ 2.2% Ni 1,2 Musket 2.1 Mt @ 1.8% Ni 1 Cannonball Resource to come in 2015 Sabre Recent discovery Archaean nickel sulphide deposits typically occur in clusters with many deposits Potential to substantially increase resources 1 JORC Reso
Slide 7: Scoping Study
Scoping Study For personal use only Conducted by independent international consultants, CSA Global Pty Ltd Examined two options: o Toll milling – truck ore to nearby plant (200km) o Build a plant – truck concentrate for sale Standard industry underground mining techniques Produces a clean, saleable
Slide 8: Scoping Study Metrics
Scoping Study Metrics For personal use only Item Base Case Toll Case Production Rate 350,000 tpa 350,000 tpa Mid-range Ni price (forecast) US$8/lb US$8/lb A$10/lb A$10/lb ROM Grade* 2.6% Ni 2.6% Ni Ni in Concentrate 8,000 t 8,000 t Payable Ni Metal 5,600 t 5,200 t Life of Mine 3 years 3 years Upfron
Slide 9: Long Section
Long Section For personal use only Camelwood Mineral Resource: Indicated 0.6 Mt @ Open at depth and untested downhole EM conductors 2.4% Ni, Inferred 1.0 Mt @ 2.1% Ni, Total 1.6 Mt @ 2.2% Ni Three deposits, still being defined Musket Mineral Resource: Indicated 1.2 Mt @ 2.0% 72,100+ tonnes contained
Slide 10: Peer Comparison
Peer Comparison For personal use only Rox sits in middle of peer group for Grade Increased Mining Inventory (Resource) will enable: • Higher annual production, • Potentially higher mined grades, and therefore • Lower cash costs Overall Rox will sit comfortably amongst peers * Peer group data from va
Slide 11: Reward Zinc Project
Reward Zinc Project For personal use only Teena Zn Discovery Owned by Rox (49%) and Teck Resources (51%) Teck earning-in to 70% by funding $15m ($10.6m spent) Excellent infrastructure including bitumen road, gas pipeline, major airport, ship loader, port 11
Slide 12: Teena Drilling
Teena Drilling For personal use only 26.4m @ 13.3% Zn+Pb 200m 20.1m @ 15.0% Zn+Pb Drill results at 6% Zn+Pb cut-off or higher 500m 1,100m+ 20.3m @ 13.9% Zn+Pb of HG 400m 500m 14.7m @ 13.3% Zn+Pb 400m 200m 19.4% Zn, 2.9% Pb 21.3% Zn, 3.4% Pb 22.1% Zn, 3.8% Pb 22.0% Zn, 4.0% Pb 24.2% Zn, 4.1% Pb 12
Slide 13: Teena Cross Section
Teena Cross Section For personal use only Large stratiform mineralised system; Overall >1.9km strike x 800m wide x 250m thick; plunging east 500-1,100m depth High Zn:Pb ratio = 6.5:1 Exploration Target 60 - 80Mt @ 10 - 12% 500- Zn+Pb* 1,100m (6-10 Mt, 13-22 Blb contained zinc-lead) * This Exploratio
Slide 14: Bonya Copper Project
Bonya Copper Project For personal use only 25Mt @ 1.1% Cu, 22 g/t Ag New high grade copper sulphide discovery Multiple drill targets ready to be tested Rox 51% and earning to 70% for $1 million (by Dec 2016) 14
Slide 15: Bonya Mine Prospect
Bonya Mine Prospect For personal use only Copper sulphide intercepts 11m @ 4.4% Cu, incl. 3m @ 6.1% Cu 38m @ 4.4% Cu, incl. 6m @ 8.8% Cu and 8m @ 7.9% Cu 5m @ 9.1% Cu, incl. 3m @ 13.4% Cu and 11m @ 3.9% Cu Open at depth Only first prospect drilled 15
Slide 16: Exploration & Development Program
Exploration & Development Program For personal use only Q3 2015 Q4 2015 Q1 2016 Q2 2016 Mt Fisher Aircore Drilling Resource Update Pre-Feasibility Study Resource Extension Drilling Resource Infill Drilling Feasibility Study Reward (Teena) Drilling Program & Geophys Assays Bonya RC Drilling 16
Slide 17: Company Snapshot
Company Snapshot For personal use only Rox Capital Structure (31 July 2015) Teena Zn Musket Ni ASX Code: RXL Discovery Discovery Bonya Cu Discovery Issued Shares: 1,046 m Unlisted Options: 45.3 m Market Cap: $21 m (at 2.0c) Camelwood Ni Ni Resource Discovery Doubled Cash: $3.7 m - $2.4 m = $1.3 m (3
Slide 18: Successful
Successful For personal use only • In last 2 years – 4 new nickel sulphide deposits, 1 large zinc deposit, and a new copper discovery • Fisher East is a new nickel sulphide province – growing in size and moving towards development • Teena is a significant new zinc discovery – in JV with a major (Tec
Slide 19: Thank You
For personal use only Thank You Rox Resources Limited Level 1, 30 Richardson Street, West Perth, WA, 6005 AUSTRALIA T: (08) 9226 0044 F: (08) 9322 6254 E: admin@roxresources.com.au, W: www.roxresources.com.au 19