Slide 1: A Successful Explorer
For personal use only A Successful Explorer RIU Explorer’s Conference 25 February 2016 ASX: RXL 1
Slide 2: Who is Rox?
Who is Rox? For personal use only Fisher East Nickel: New nickel sulphide discoveries in WA Mt Fisher Gold: Gold resources in a highly prospective greenstone belt in WA Reward Zinc: Significant new Teena zinc-lead discovery in NT Bonya Copper: New copper discovery in NT 2
Slide 3: Rox Value Proposition
Rox Value Proposition For personal use only Advanced Nickel Sulphide Project – Fisher East Resource of 78,000t (172 Mlb) of contained nickel, 4.2 Mt @ 1.9% Ni Potential to increase resources with a number of high quality targets Moving to Monetise Value of Teena Zinc Deposit Value of Teena dep
Slide 4: Company Snapshot
Company Snapshot For personal use only Rox Capital Structure (19 Feb 2016) ASX Code: RXL RXL correlates with US$ Ni Issued Shares: 1,180.7 m Unlisted Options: 61.8 m (various 2.7c to 8.0c) Market Cap: $14.2 m (at 1.2c) Cash: $1.4 m (31 Dec) Experienced Board & Management Stephen Dennis Operations/Co
Slide 5: Fisher East – Nickel
Fisher East – Nickel For personal use only Updated Mineral Resource* 4.2 Mt @ 1.9% Ni, for 78,000 tonnes contained Ni Further discoveries (e.g. Sabre, Mt Tate and Horatio) will add to resource base Multiple exploration targets - potential for more discoveries Scoping Study completed, PFS underway *
Slide 6: Mt Fisher Location
Mt Fisher Location For personal use only Mt Fisher Greenstone Belt 150km north-east of Leinster (BHP Nickel West) New province for nickel sulphide deposits – discovered by Rox Four deposits discovered so far, Camelwood, Cannonball, Musket & Sabre Mt Tate and Horatio targets highly prospective (fresh
Slide 7: Nickel Sulphide Resources
Nickel Sulphide Resources For personal use only Total Mineral Resource* (Camelwood, Cannonball, Musket) of 4.2Mt @ 1.9% Ni (78,000t Ni) at 1% Ni cut-off Indicated 3.7Mt @ 1.9% Ni (91%) Inferred 0.5Mt @ 1.5% Ni (9%) Higher grade portion, 0.5 Mt @ 4.6% Ni (21,100t Ni) across 3 orebodies * see (ASX:RXL
Slide 8: Resource Extensions
Resource Extensions For personal use only 800m 1km Open at depth and along strike, untested downhole EM conductors Strong potential for increasing mineral resources at depth Targets have potential to add significant extra Ni tonnes 8
Slide 9: Mining Study – PFS level
Mining Study – PFS level For personal use only Three separate underground mines Operating and Capital Camelwood costs are industry Musket standard (and same as Scoping Study) On site mill produces best return at mining rate of 500-600ktpa Additional tonnes produce significant additional benefit Focu
Slide 10: New Resources
New Resources For personal use only FEAC396; NiS at EOH 0.21% Ni, 224ppm Cu, 57ppb PGE RC drill testing required X X X Sabre Potential = 20-30kt Ni 10
Slide 11: Exploration Potential
Exploration Potential For personal use only Define targets between Cutlass and Horatio, and south from Horatio – aircore drilling Potential new discoveries at Mt Tate and Horatio – RC drilling Resource definition at Sabre – diamond drilling Resource extensions at Camelwood, Cannonball and Musket – d
Slide 12: Mt Fisher Gold Location
Mt Fisher Gold Location For personal use only Poorly explored greenstone belt Norseman-Wiluna Belt, northern end (Agnew- Wiluna) = 10 Moz Yandal Belt = 17 Mozs 17 Moz 5 Moz? Potential for Mt Fisher to become a multi-million 10 Moz ounce greenstone belt (5 Moz?) – current endowment ~ 0.5 Moz JORC res
Slide 13: Mt Fisher Gold Resources
Mt Fisher Gold Resources For personal use only Deposit Tonnes Grade Gold (g/tAu) (ozs) Moray Reef 31,800 7.50 7,664 Mt Fisher 215,200 3.57 24,707 Damsel 726,000 2.30 53,710 TOTAL 973,000 2.75 86,080 Three different geological settings Lots of targets based on structural analysis Potential for shallo
Slide 14: Mt Fisher Gold Potential
Mt Fisher Gold Potential For personal use only Three parallel structures with multiple “hot spots” Potential shallow oxide and deeper sulphide zone gold resources Damsel Shallow oxide resource of ~54,000 oz, open at depth Dam Central Drill intercepts* include: 9m @ 7.1 g/t 3m @ 17.4 g/t 4m @ 9.0 g/t
Slide 15: 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 ($13.7m spent) Excellent infrastructure including bitumen road, gas pipeline, major airport, ship loader, port 15
Slide 16: Teena Drilling
Teena Drilling For personal use only 38.8m @ 16.9% Zn+Pb 200m Drill results at 6% Zn+Pb cut-off or higher 26.4m @ 13.3% Zn+Pb 200m 20.1m @ 15.0% Zn+Pb 300m 35.4m @ 13.2% Zn+Pb 1,300m+ 200m of HG 20.3m @ 13.9% Zn+Pb 200m 15.1m @ 16.4% Zn+Pb 200m 14.7m @ 13.3% Zn+Pb 16
Slide 17: High Grade Sulphides
High Grade Sulphides For personal use only 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 17
Slide 18: Stacked Cross Sections
Stacked Cross Sections For personal use only ~400-600m 18
Slide 19: Stacked Cross Sections
Stacked Cross Sections For personal use only ~400-700m 19
Slide 20: Stacked Cross Sections
Stacked Cross Sections For personal use only ~500-800m 20
Slide 21: Stacked Cross Sections
Stacked Cross Sections For personal use only ~500- 1,000m 21
Slide 22: Teena Summary
Teena Summary For personal use only Large stratiform mineralised system; Overall >1.9km strike x 800m wide x 250m thick; plunging east 1,000m around hinge 400-1,000m depth High Zn:Pb ratio = 6.5:1 Exploration Target 400- 70 - 80Mt @ 11 - 13% Zn+Pb* 1,000m (6-10 Mt, 13-22 Blb contained zinc-lead) * T
Slide 23: Bonya Copper Project
Bonya Copper Project For personal use only Jervois Deposits 25Mt @ 1.1% Cu, 22 g/t Ag New high grade copper sulphide discovery at Bonya prospect Rox 51% and earning to 70% for $1 million (by Dec 2016) Multiple drill targets to be tested (red dots) 23
Slide 24: Bonya Prospect
Bonya 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 24
Slide 25: Successful Explorer
Successful Explorer For personal use only • In last 5 years – 4 new nickel sulphide deposits, 1 large zinc deposit, 3 gold deposits and a new copper discovery • Fisher East is a new nickel sulphide province – growing in size • Teena is a globally significant new zinc discovery – in JV with a Major •
Slide 26: Disclaimers
Disclaimers For personal use only Forward-Looking Statements Competent Person Statements This presentation has been prepared by Rox Resources Limited. This document contains background information The information in this report that relates to nickel Exploration Results for the Mt Fisher Project is
Slide 27: Thank You
For personal use only Thank You 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 27