Slide 1: Developing the High-Grade, High Margin Youanmi Gold Project
Developing the High-Grade, High Margin Youanmi Gold Project Investor Presentation RIU Explorers Conference 14 – 16 February 2023 Robert Ryan Managing Director www.roxresources.com.au ASX : RXL
Slide 2: Disclaimers and Competent Person Statement
Disclaimers and Competent Person Statement 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
Slide 3: A High-Grade Gold Development
A High-Grade Gold Development High Grade • High-grade, low arsenic, gold concentrate from Youanmi Production Target Gold Project from a +5g/t Production Target Significant • Only 20% of mineral resource included in the Scoping Study Upside • Ongoing exploration in near mine and regional areas • Stro
Slide 4: Corporate Information and EV/Attributable M&I Resource Ounce
Corporate Shareholders Hawke’s Point1 Board and Management Stephen Dennis Chairman Information Directors & 13% Management 1% Robert Ryan Managing Director John Mair Non-Executive Director Rox Resources Limited (ASX: RXL) is a West Australian focused gold exploration and development Company. It is Ch
Slide 5: Project Location
Project Location • Youanmi Gold Project located approximately 480km northeast of Perth and Mt Fisher – Mt Eureka Gold Project Jundee (5Moz) approximately 140km southeast of Wiluna Meekatharra Meekatharra Gold Mt Fisher – Mt Eureka (0.2Moz) Operation (3Moz) Cue Gold Operation (4Moz) Mt Magnet Mine (3
Slide 6: Historical High-Grade Production
Historical High-Grade Production Over 660koz of historical production at high-grade, mine closed due to low gold price of ~A$450/oz 1908 –1921 Historical Shaft Mining Production 166koz @ 15.2g/t 1937 – 1942 Historical Shaft Mining Production 95koz @ 8.1g/t and 15koz @ 10.2g/t 1987 – 1993 Open Pit Mi
Slide 7: ~4Moz Gold Endowment & Growing
~4Moz Gold Endowment & Growing Midway1 4m @ 45.5g/t Au 0.78m @ 32.98g/t Au Main Pit 3.87m @ 9.9g/t Au 3.62m @ 6.49g/t Au Bunker Hill End United North Kathleen Kurrajong / Rebel Exploration Programme • Total resource currently at 27.9Mt at 3.57g/t Au for 3.2Moz Au contained gold 1 • Historical produc
Slide 8: Extensive Drill Program Underway
Extensive Drill Program Underway • The 16,000m RC and 7,000m DD drill program will be ongoing from January to April 2023 with first drill assay results expected in late February • Resource drilling is focused on converting the inferred resources to indicated classification at the high priority areas
Slide 9: Midway – An Emerging Discovery
Midway – An Emerging Discovery • Newly defined exploration corridor that is located within 300m of the hanging-wall of the Youanmi Main Lode • Open in all directions, with only 4 holes drilled to date all intersecting +20gm to +100gm intercepts in a multi-lode system • Drilling shown thick continuou
Slide 10: Youanmi Project Generates High Quality Outcomes at a Low Capital Cost
Youanmi Project Generates High Quality Outcomes at a Low Capital Cost Total Material LOM Payable Metal Plant Processed 569koz over 8 years Throughput 3.9Mt @ 5.0g/t Au from 3.2Moz resource 480ktpa Mining Physicals Annual Payable Metal C1 Cash Cost1 AISC2 71koz pa $1,358/oz $1,538/oz Pre-Production C
Slide 11: High Quality Low Arsenic Gold Concentrate
High Quality Low Arsenic Gold Concentrate From Rox’s recent testwork and historic performance, simplified metallurgy is as follows: • Historical production shows consistent concentrate production of >40g/t gold in concentrate with ~2% As 1 • Recent test-work confirms conventional floatation produces
Slide 12: Gold Concentrate Market
Gold Concentrate Market Gold Concentrate as a % of Gold Production Gold Concentrate Forecast (%) (Tonnes) Actual Forecast 550 500 450 400 350 300 Other 12% Gold Concentrate 250 88% 200 150 100 50 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: MetalsFocus So
Slide 13: Project Potential – Resource Stope Optimisation
Project Potential – Resource Stope Optimisation Significant potential upside is not captured in the Scoping Study as only 20% of the Youanmi Global Mineral Resource is included in the Scoping Study production target and resource remains open down dip and along strike Potential Upside – Resource Stop
Slide 14: Focus for 2023
Focus for 2023 +20,000m Resource Development and Exploration Program Underway • Resource drilling targeting Kathleen and Link to convert resources to indicated • Near-mine exploration at the emerging Midway discovery Resource Update to Underpin Feasibility Studies • Improve the geological confidence
Slide 15: Appendix 1 - Comparable Gold Companies
Appendix 1 - Comparable Gold Companies Companies selected are considered comparable to Rox Resources as they are in exploration and/or study phase Measured Resources - 100% Indicated Resources - 100% Inferred Resources - 100% Total Resources - 100% Attributable Development Tonnage Grade Contained To
Slide 16: 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