Rox Resources Ltd · ASX:RXL
Rox Resources — Investor Presentation (June 2021)
19 slides from Rox Resources's investor presentation, Jun 28, 2021
Slide 1: Investor Presentation – General Meeting
ASX:RXL Investor Presentation General Meeting 28 June 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 – Cautionary Statement, Scoping Study Parameters
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 ($50 per attributable resource ounce) Cornerstone investment by Hawkes Point Notes
Slide 5: 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 (OYG JV) with JV Partner Venus Metals Corporation Limited (“VMC”) holding the remaini
Slide 6: 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 7: Comparable Gold Explorers
Comparable Gold Explorers (1), (2), (3) M&I 44% Notes: 1. Enterprise value calculated as follows: - closing share prices for all entities as at 25 June 2021 - cash and debt balances as at 31 March 2021, sourced from respective Quarterly Reports 2. Resources are sourced from the most recent ASX annou
Slide 8: 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 9: 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 10: 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 11: 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) - State
Slide 12: 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 13: 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 14: Demerger & Listing of Nickel Assets -> Cannon Resources
Demerger & Listing of Nickel Assets -> Cannon Resources Cannon Resources to progress the nickel assets of Rox Shareholders to receive an in-specie distribution of the demerged company on the basis of 1 x 20c CNR share for 64 RXL shares held (pre-consolidation) Shareholders have the first right to pa
Slide 15: 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 ($50 per attributable resource ounce) Cornerstone investment by Hawkes Point Notes
Slide 16: 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 us: 16
Slide 17: Appendix 1 - Mineral Resources
Appendix 1 - 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 2.63 724
Slide 18: Appendix 2 - Mineral Resources
Appendix 2 - 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 0.85 2.2 13.5 43.0
Slide 19: Appendix 3 - Mineral Resources
Appendix 3 - 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 Mt Fisher Infe