Rox Resources Ltd · ASX:RXL
Rox Resources — Diggers & Dealers 2021
24 slides from Rox Resources's conference presentation, Aug 2, 2021
Slide 1: Investor Presentation
ASX:RXL Investor Presentation Diggers & Dealers 2 August 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 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: 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 Attractive entry price ($45 per attributable resource ounce) Cornerstone investment by Hawkes Point Notes
Slide 5: Near term Strategy
Near term Strategy “Active exploration company, progressing studies with near term cash flow opportunities” Studies Active Exploration • Production - potential restart • Near Mine Resource Growth • Early cash flow opportunities • Regional Youanmi • Existing mine with pits & • Mt Fisher / Mt Eureka P
Slide 6: Corporate Information
Corporate Information About Rox Resources 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 Magnet, approximately 480 kilometres northeast of Perth, and wholly owns the Mt F
Slide 7: 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 7
Slide 8: Comparable Gold Explorers
Comparable Gold Explorers (1), (2), (3) Notes: 1. Enterprise value calculated as follows: - closing share prices for all entities as at 27 July 2021 - cash and debt balances as at 31 March 2021, sourced from respective Quarterly Reports 2. Resources are sourced from the most recent ASX announcements
Slide 9: 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 10: 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 11: 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 12: 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 13: Progress to date
Progress to date More than 48,000 metres of drilling in the past 18 Youanmi Gold Project months 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 14: 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 15: Regional Targets - Upside
Regional Targets - Upside 540 hole, 22,000m Aircore drilling program recently commenced on Youanmi Regional JV tenements Program targets an 18.5km long highly-prospective greenstone corridor between the Youanmi and Penny deposits 4 high-priority target areas identified from recently completed data r
Slide 16: 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 ba
Slide 17: Demerger & Listing of Nickel Assets -> Cannon Resources
Demerger & Listing of Nickel Assets -> Cannon Resources Cannon Resources to progress the nickel assets of Rox $6.0m in binding commitments received, offer heavily oversubscribed In-specie distribution completed, 28 July 2021 (1 CNR share for approx. 4.324 RXL shares held) On track to successfully li
Slide 18: 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 Attractive entry price ($45 per attributable resource ounce) Cornerstone investment by Hawkes Point Notes
Slide 19: Thank You
ASX:RXL Thank You For further information please visit the Rox Resources booth (#88) 19
Slide 20: 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 21: Appendix 2 - Fisher East Nickel Mineral Resources
Appendix 2 - Fisher East Nickel Mineral Resources Fisher East Nickel (ASX:RXL 5 February 2016) Olympia Nickel-Copper-PGE (ASX:RXL 18 August 2017) Deposit Category Tonnes (Mt) Ni% Ni (kt) Tonnes Ni% Cu% Co Pd Ptpp NiEq NiEq Pd+Pt (kt) ppm ppm m %* (kt) (koz) Indicated 1.7 2.0 34.0 573 1.6 1.2 820 1.5
Slide 22: Appendix 3 - Mt Fisher Gold Mineral Resources
Appendix 3 - 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 23: Notes
Notes 23
Slide 24: Rox Resources Limited
ASX:RXL Rox Resources Limited Level 2, 87 Colin Street, West Perth, WA, 6005 T: (08) 9226 0044 F: (08) 9322 6254 E: admin@roxresources.com.au W: www.roxresources.com.au Follow Rox: 24