Rox Resources Ltd · ASX:RXL
Rox Resources — Shareholder Meeting (November 2021)
28 slides from Rox Resources's shareholder meeting presentation, Nov 25, 2021
Slide 1: Investor Presentation - AGM (Supplemental Appendix Information)
ASX ANNOUNCEMENT RR1792D 26 November 2021 Investor Presentation - AGM (Supplemental Appendix ROX RESOURCES LIMITED Information) ASX: RXL Rox Resources Limited (ASX: West Australian focused gold exploration and development company, Rox RXL) is an Australian listed Resources Limited (“Rox” or “the Com
Slide 2: About Rox Resources
About Rox Resources Rox Resources (ASX:RXL) is a West Australian focused gold exploration and development company. It is 70 per cent owner and operator of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth, and wholly-owns the Mt Fisher Gold project app
Slide 3: Investor Presentation Annual General Meeting
ASX:RXL Investor Presentation Annual General Meeting 25 November 2021 Alex Passmore | Managing Director 1
Slide 4: 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 5: Since the last AGM
Since the last AGM…… • CORNERSTONE investment by Hawkes Point • RESOURCE GROWTH (~ 40%) at flagship project, Youanmi (1.7Moz at 2.85 g/t) (1) • Strong EXPLORATION SUCCESS, with all 2021 drilling to be incorporated into a new resource update in 2022 • Metallurgical testwork showing IMPROVED RECOVERY
Slide 6: Strategy
Strategy “Applying modern exploration and mining technologies to historic assets and data to grow existing resources and return to production.” 2022 - + Progress studies Final Investment Decision 2021 - 2022 Funding Commence studies and progress Execution options for restart Ongoing exploration 2020
Slide 7: 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 the 70% owner and operator of the historic Youanmi Gold Project near 2% Hawke's Point 13% 13% Mt Magnet, approximately 480 kilometres no
Slide 8: 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 9: Comparable Gold Companies
Comparable Gold Companies (1) 350 3.50 300 3.00 EV/attributable resource ounce (A$) M&I 46% 250 2.50 M&I Grade (g/t Au) 43% 200 2.00 M&I 150 M&I 74% 1.50 20% M&I 100 57% 1.00 M&I 44% M&I 50 44% M&I 0.50 72% 0 0.00 Musgrave Degrey Alto Metals Apollo Breaker Black Cat Rox Resources Horizon Gold Consol
Slide 10: Youanmi Gold Project
Youanmi Gold Project Mine Area Penny Gold Deposit (335k oz Au at 13.8 g/t) 8
Slide 11: Overview
Overview • Rox holds a 70% interest in the Youanmi Gold Mine (OYG Joint Venture) and is 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 • Last parcel of ore mined underground at Youanmi (Nov 1997) was at 14.6g/t Au grade •
Slide 12: 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 13: 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 lo
Slide 14: Metallurgy
Metallurgy • Youanmi Total Mineral Resources currently 1,656 koz of contained gold (Au) • Near Surface Resource approximately 800koz Au in total • Deeps Resource approximately 856koz Au with high grades • Approximately 20% of Deeps Resource is refractory ore • September 2021 testwork(1) showed subst
Slide 15: 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) - St
Slide 16: Progress to Date
Progress to Date • More than 50,000 metres drilled 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 i
Slide 17: 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
Slide 18: Regional Targets - Upside
Regional Targets - Upside • 424 holes, 22,337m Aircore drilling program recently completed 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
Slide 19: Next Steps
Next Steps • Studies into optimal production scenarios including: o Metallurgical test work; o Processing plant design; o Pit optimisation; o Dewatering and geotechnical studies; o Waste rock characterisation; and o Environmental baseline testing • Focused on growing the resource base and progressin
Slide 20: Mt Fisher - Mt Eureka Gold Project
Mt Fisher - Mt Eureka Gold Project Mine Area Penny Gold Deposit (335k oz Au at 13.8 g/t) 18
Slide 21: Highlights
Highlights • 850km2 ground position in one of the least explored greenstone belts in the prolific Yilgarn Craton • Targeting orogenic gold mineralisation and strata-bound VMS style mineralisation • VMS prospectivity identified through extensive project review • Immediate work programs Aircore drilli
Slide 22: Project Location - Yilgarn Craton
Project Location - Yilgarn Craton • Mt Fisher - Mt Eureka Project is located in the Eastern Goldfields Superterrane of the Yilgarn Craton • Yilgarn Craton is one of the World’s great gold provinces • The project’s landholding is 850km2 in one of the least explored greenstone belts in the prolific Yi
Slide 23: Work Programs
Work Programs • Current work programs: • 160 holes, 7,300 metre Aircore drilling program completed at Mt Fisher Gold Project, all assays outstanding; • RC program circa 4,000 metres to commence; and • High resolution airborne magnetic survey to commence early December 2021 Mt Fisher Mine Long Sectio
Slide 24: 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
Slide 25: 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 26: 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 27: Appendix 3 - Comparable Gold Companies
Appendix 3 - Comparable Gold Companies Companies selected are considered comparable to Rox Resources as they are in exploration and/or study phase Project Attributable M&I Au/ Resource Grade Attributable ASX code Company name Ownership Contained Contained Source (Mt) (g/t Au) M&I Au (Koz) (%) Au (Ko
Slide 28: 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: 26