Rox Resources Ltd · ASX:RXL
Rox Resources — Investor Presentation (August 2022)
33 slides from Rox Resources's investor presentation, Aug 2, 2022
Slide 1: Investor Presentation
Investor Presentation Diggers & Dealers - August 2022 Alex Passmore | Managing Director
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 Resources Limited current at the date of this presentation. The presentation is in summary form and does not purpor
Slide 3: Investment Highlights
Investment Highlights YOUANMI GOLD PROJECT (3.2Moz at 3.57 g/t Au) (1) • Quality high grade resource reported at flagship project, Youanmi (3.2Moz at 3.57 g/t Au) (1) Including high grade underground component of 2.2Moz at 6.9 g/t Au Resource remains open along strike and down dip with further g
Slide 4: Strategy
Strategy “Applying modern exploration and mining technologies to historical assets and data to grow existing resources and return to production” Recent Achievements 2021 – 2022 2022 – + Resource growth at Youanmi • Advance studies and options for • Finalise studies Exploration success at Mt rest
Slide 5: Corporate Information
ABOUT ROX RESOURCES Corporate Shareholders Information Hawke’s Point 13% Directors & Management 3% 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 48
Slide 6: Experienced Team
Experienced Team BOARD Stephen Dennis Alex Passmore John Mair Robert Ryan Non – Executive Chairman Managing Director Non – Executive Director Non – Executive Director MANAGEMENT Chris Hunt Matthew Antill Gregor Bennett Chief Financial Officer General Manager – Operations Exploration Manager 6
Slide 7: Comparable Gold Companies
Comparable Gold Companies (1) EV / Attributable Resource Ounces vs Grade for Comparable Gold Companies (Bubble size represents attributable resource ounces) 250 GMD 200 EV / Attributable Resource ounces (A$) DEG MGV 150 100 High quality and KIN large resource AUC AME MEK with compelling 50 STN HRN H
Slide 8: ESG Program
ESG Program We are pleased to align our reporting to the United Nations Sustainable Development Goals (SDG’s), the Global Reporting Initiative’s (GRI) Standards and the Task Force for Climate-related Financial Disclosures GRI TCFD (TCFD) Global Reporting Climate-related financial Intitiative disclos
Slide 9: Youanmi Gold Project Overview
PROJECT OVERVIEW Youanmi Gold Project 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 5.4 g/t Au; closure in 1997 when gold price was A$400/oz – A$450/oz • The last parcel of ore mined underground at Yo
Slide 10: Mineral Resource – April 2022
Mineral Resource – April 2022 January 2022 Resource* Change in April 2022 Resource Resource Update Tonnes Au Grade Au Metal Au Metal Tonnes Au Grade Au Metal Area Classification Cut-off (dmt) (g/t) (oz) (%) (dmt) (g/t) (oz) Near Surface Indicated 0.5 g/t** 7,470,000 1.81 434,000 up 27% 9,070,000 1.8
Slide 11: Resource Observations
Resource Observations Resource Observations • Multiple mineralised lodes modelled, along 2.8 km of strike length at surface, comprising the Mine Lode and associated footwall and hanging wall lodes along the main trend corridor • Maximum depth of the Mine Lode interpretation is to approximately -600m
Slide 12: Resource Observations (Cont’d)
Resource Observations (Cont’d) Resource Observations • A significant increase in ounces per vertical metre was achieved in the recent resource upgrade to an average of 4,000 ounces per vertical metre (ovm) between surface and 160m below surface (2,900 ovm 160m to 750m below surface) • Resource growt
Slide 13: Metallurgy
Metallurgy Readily extractible via CIL. Most of this material is in the near surface resource. Some material also within quartz rich Main Ore Non - Sulphide lodes in the Underground. Types at Fine gold associated with Pyrite (75%); and gold associated with Arsenopyrite (25%) which is easily floatabl
Slide 14: Gold Deportment and Past Observations
Gold Deportment and Past Observations From RXL’s recent work simplified metallurgy is as follows: • 1.0Moz Au Near Surface Resource (surface to 160m depth) = free milling • 2.2Moz Au Underground Resource = sulphide associated. Only 25% of this material is Arsenopyrite and needs extra oxidation. 75%
Slide 15: Conceptual Process Flowsheet
Conceptual Process Flowsheet • The process flow builds on a standard CIL circuit to include a sulphide flotation circuit which captures most of the gold bearing mineralisation into a concentrate which is then cleaned to optimise final gold grade. The concentrate is dried to a suitable moisture conte
Slide 16: Infrastructure
Infrastructure Midwest Pipeline & Road Infrastructure Existing Facilities • Spur line to Mount Magnet has a 4.1TJ/D capacity (APA Group) • State road network established to/through Youanmi. Sealed road to 90 km from Youanmi Site The Youanmi Project includes a developed • Close to mining service town
Slide 17: Progress to Date
Progress to Date Progress to Date More than 50,000 metres drilled (RC and DD) in the past 18 months Substantial 93% increase in resource to 27.9M tonnes @ 3.57g/t Au for 3.2 million ounces (1) Low discovery cost of just $7 per resource ounce, well below industry averages Experienced manageme
Slide 18: Resource Development Drilling
Resource Development Drilling Drilling Program • The Company continues to invest in drilling to support resource growth and resource conversion, in parallel with feasibility studies • Drilling programs will include resource conversion in addition to extensional drilling in key target areas with near
Slide 19: Scoping Study Update - Youanmi Gold Project
Scoping Study Update - Youanmi Gold Project Progress update • Given the current market conditions, which include significant cost pressures being experienced by producers, various options and trade-off’s are being studied, including: • an initial smaller scale operation, with low upfront capital exp
Slide 20: Regional Targets – Upside
Regional Targets – Upside Current Drilling Program Next Steps • 426 holes, 22,455 metre Aircore drilling • Follow up drilling (Aircore and RC) program completed on Youanmi Regional JV tenements planned along strike and down dip • Aircore drilling campaign intersected of newly identified mineralisati
Slide 21: Next Steps – Youanmi Gold Project
Next Steps – Youanmi Gold Project • Company expects concept level project economics to be very robust and is hence continuing to rapidly pursue its investigation of development pathways for the Youanmi Gold Project • Studies into optimal production scenarios are well advanced these include: Project
Slide 22: Mt Fisher - Mt Eureka Gold Project
PROJECT OVERVIEW Mt Fisher - Mt Eureka Gold Project • 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
Slide 23: Project Location – Yilgarn Craton
Project Location – Yilgarn Craton Project Location • 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 i
Slide 24: Drilling Update
Drilling Update Drilling Campaign Ongoing • Drilling is ongoing at the Mt Fisher Gold Project with a focus on the Damsel, Dam and Galway target areas. • Exceptional results received from RXL’s December 2021 drilling campaign from these prospects. • MFRC081: 18m @ 6.99g/t Au from 69m, including 10m @
Slide 25: Damsel Prospect
Damsel Prospect Long-section of Damsel Prospect looking east showing drill pierce points. Drilling orientation is perpendicular to • The results the plane of mineralisation demonstrate (west to east). strong continuity of high-grade mineralisation between drill Cross section of MFRC081 at the Damsel
Slide 26: Next Steps - Mt Fisher/Mt Eureka Gold Project
Next Steps - Mt Fisher/Mt Eureka Gold Project 2022 – + • Follow up drilling (RC) planned along strike and down dip of newly identified mineralisation at all prospects • Regional target generation ongoing over 850km² of highly prospective greenstone terrane 26
Slide 27: Upcoming News Flow
Upcoming News Flow Development • Results of Youanmi Scoping Study - Qtr 3 2022 Studies • Grace progress update - Qtr 3 2022 Resource & • Youanmi Gold Project resource update - Qtr 3 2022 Metallurgical • Metallurgical testwork results - Qtr 4 2022 Updates Drilling • Youanmi Regional results - Qtr 3 2
Slide 28: Investment Highlights
Investment Highlights YOUANMI GOLD PROJECT (3.2Moz at 3.57 g/t Au) (1) • Quality high grade resource reported at flagship project, Youanmi (3.2Moz at 3.57 g/t Au) (1) Including high grade underground component of 2.2Moz at 6.9 g/t Au Resource remains open along strike and down dip with further g
Slide 29: Appendix 1 - Youanmi Mineral Resources
Appendix 1 - Youanmi Mineral Resources Youanmi Mineral Resources (ASX: RXL 20 Apr 2022) Area Classification Cut-off (g/t) Tonnes (dmt) Au Grade (g/t) Au Metal (oz) Near Surface Indicated 0.5* 9,070,000 1.89 552,000 Underground Indicated 3.0 3,060,000 7.55 744,000 Sub-total Indicated 12,130,000 3.32
Slide 30: Appendix 2 - Mt Fisher Gold Mineral Resources
Appendix 2 - Mt Fisher Gold Mineral Resources Mt Fisher Gold Resource (ASX: RXL 11 July 2018) Deposit Category Tonnes Grade (g/t Au) Gold (oz) 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
Slide 31: 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 Resource Grade Attributable Attributable M&I Au/ Contained ASX code Company name Ownership Source (Mt) (g/t Au) Contained Au (Koz) M&I Au (Koz) A
Slide 32: EV/Attributable Resource Ounce (A$)
Appendix 4 - Comparable Gold Companies (1) EV / Attributable Resource Ounce vs Grade for Comparable Gold Companies (A$) (g/t Au) $200 4.00 M&I 58% $180 3.50 EV/Attributable Resource Ounce (A$) $160 3.00 $140 M&I 47% 2.50 $120 Grade (g/t Au) M&I 64% $100 2.00 $80 M&I 63% 1.50 $60 M&I 25% M&I 65% 1.00
Slide 33: Thank You
ASX : RXL Thank You Rox Resources Limited T: (08) 9226 0044 Follow Rox: Level 2, 87 Colin Street, West Perth, WA 6005 E: admin@roxresources.com.au W: www.roxresources.com.au