Rox Resources Ltd · ASX:RXL
Rox Resources — Shareholder Meeting (November 2020)
23 slides from Rox Resources's shareholder meeting presentation, Nov 19, 2020
Slide 1: Annual General Meeting
ASX:RXL Annual General Meeting Rox Resources Limited 19 November 2020 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 Exploration Results Rox Resources Limited current at the date of this presentation. The presentation is in summary form
Slide 3: Disclaimers
Disclaimers Cautionary Statement – Scoping Study Parameters The updated Scoping Study released to the ASX on the 10th of October 2018 is based on low-level technical and economic assessments, and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development
Slide 4: Highlights
Highlights The Last 12 Months Nov 2019: Drilling first intersects Grace mineralisation at Youanmi just prior to AGM 2019 Nov 2019 to May 2020: Exploration work continues albeit slowed by Covid-19 restrictions May 2020: New institutional investors brought onto company register via a capital raising w
Slide 5: ….looking forward
….looking forward Q1 2021: • Ongoing Drilling at Youanmi with a focus on two major new targets • Resource estimation (Grace maiden resource and incorporation of all drilling from 2020) • Transition into management of regional joint ventures • Monetise our substantial nickel portfolio Q2 2021 • Comme
Slide 6: Corporate Information
Corporate Information About Rox Resources Rox Resources Limited (ASX:RXL) owns advanced gold and nickel exploration projects in Western Australia. The Company owns a majority stake (70%) in the Youanmi Gold Project with JV Partner Venus Metals Corporation Limited (“VMC”) holding the remaining 30%. R
Slide 7: 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. Newly discovered Grace Prospect Existing Indicated and Inferred JORC2012 Gold Resources Mine Area 12.4Mt @ 2.97g/t Au for 1.19 million ounces*. Including near surface resource of
Slide 8: 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 capacity (APA Group) Airstrip - State
Slide 9: Exploration Model – Near Mine
Exploration Model – Near Mine Undulations in the granite / mafic contact along the main lode shear zone (NW trending long lived shear) accommodates dilation zones enabling gold mineralising events Gold mineralisation is found in: Mafic / granite contact pressure shadow (dilational) areas Youanmi Gra
Slide 10: Youanmi Exploration – Grace Discovery
Youanmi Exploration – Grace Discovery Granite-hosted gold mineralisation confirmed along 2.5km of strike in the Grace structural corridor Detailed drilling over a 700m strike length between Grace and Grace North Grace mineralisation is free milling, high grade and occurs in an altered, sheared, gran
Slide 11: Litho-structural targeting
Litho-structural targeting N to NE structures High Strain Zone (Mineralised) Historical pits & Youanmi underground Junction Target 11
Slide 12: Broader Potential Opening Up
Broader Potential Opening Up 12
Slide 13: Youanmi Summary
Youanmi Summary Following the discovery of Grace Prospect the Work Programs Youanmi Gold Project potentially offers a path to Drilling out of Grace Prospect (RC & • Completed production via a high-grade small starter project Diamond) followed by a larger longer life milling operation. Resource Estim
Slide 14: Mt Fisher Project
Mt Fisher Project Rox’s nickel portfolio is centered on high-grade sulfide related nickel deposits. Fisher East was discovered in 2012 by Rox. Some of the better intersections^ seen at Fisher East include: MFEC071 – 4m @ 8.4% Ni from 178m, incl 2m @ 14.7% MFEC072 – 5m @ 8.4% Ni from 205m, incl 3m @
Slide 15: Fisher East Resources
Fisher East Resources Total Mineral Resource* of 4.2 Mt @ 1.9% Ni, for 78,000 tonnes Ni metal Potential to increase current resources and to identify new resources * See Appendix for Mineral Resource details 15
Slide 16: Fisher East Nickel Conceptual Plan
Fisher East Nickel Conceptual Plan Concentrator Toll Mill Updated Scoping Study1 based on new Conceptual Mining Study by CSA – stope optimisations, detailed mine Mining Inventory 2.9Mt @ 1.7% Ni 2.9Mt @ 1.7% Ni schedule – optimum mining rate was 500 ktpa Mine Life 6 years 6 years Annual Production 7
Slide 17: Frontier Ni exploration at Mt Fisher
Frontier Ni exploration at Mt Fisher • Recent VTEM and Aircore drilling has identified 5 key locations where there are coincident EM conductors with nickel indicator geochemistry (i.e. anomalous platinum and palladium) in the regolith (Anomalies 1 to 5). The coincidence of nickel sulphide pathfinder
Slide 18: Mount Fisher Summary
Mount Fisher Summary Key Strengths Milestones Targeting new nickel targets in deformed Completed ✓ VTEM and Aircore rocks at the margin of the Yilgarn Craton drilling regional Large land holding with a significant existing targets nickel resource discovered by Rox Completed ✓ Data Evaluation Increme
Slide 19: Conclusion
Conclusion Rox is actively exploring its exciting portfolio of mineral properties for gold and nickel in highly prospective WA greenstone belts → Gold sector is enjoying strong AUD gold price which is expected to continue → Nickel price expected to recover / outperform over the medium to long term w
Slide 20: ASX:RXL
ASX:RXL Rox Resources Limited Level 1, 34 Colin Street, West Perth, WA, 6005 AUSTRALIA T: (08) 9226 0044 F: (08) 9322 6254 E: admin@roxresources.com.au W: www.roxresources.com.au 20
Slide 21: Appendix – Mineral Resource Estimate
Appendix – Mineral Resource Estimate The information in this report that relates to gold Mineral Resources for the Youanmi Gold project was reported to the ASX on 17 April 2019 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information inclu
Slide 22: Appendix – Mineral Resources
Appendix – Mineral Resources Fisher East Nickel, ASX:RXL 5 February 2016 Olympia Nickel-Copper-PGE, ASX:RXL 18 August 2017 Tonnes Pd+Pt Deposit Category Tonnes (Mt) Ni% Ni (kt) Ni % Cu % Co ppm Pd ppm Pt ppm NiEq %* NiEq (kt) (kt) (koz) 573 1.6 1.2 820 1.5 0.85 2.2 13.5 43.0 Indicated 1.7 2.0 34.0 O
Slide 23: Appendix – Mineral Resources
Appendix – Mineral Resources Mt Fisher Gold, ASX:RXL 11 July 2018 0.8 g/tAu block cut-off grade. Values may not sum due to rounding. 23