Rox Resources Ltd · ASX:RXL
Rox Resources — RIU Investor Roadshow September 2018
17 slides from Rox Resources's conference presentation, Sep 26, 2018
Slide 1: Cashed Up Nickel Explorer
ASX: RXL For personal use only Cashed Up Nickel Explorer Rox Resources Limited RIU Investor Roadshow 25 & 27 September 2018 ASX: RXL www.roxresources.com.au 1
Slide 2: 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 Resource Statements about Rox Resources Limited current at the date of this presentation. The presentat
Slide 3: It's All About Nickel
It’s All About Nickel For personal use only “Amongst High Grade Nickel “WA is a stable and reliable jurisdiction” the highest Sulphide Resources grade Ni in in WA “Ni price is WA” up 70% in last year” 4.8 Mt @ 2.0% Major Re-rating of Ni; 91,000t Ni* Rox share price “Valuation of peers is higher per
Slide 4: Scoping Study Update
Scoping Study Update For personal use only Updated Scoping Study based on a new Conceptual Mining Study – stope optimisations, detailed mine schedule – optimum mining rate was 500 ktpa Other parameters same as previous Scoping Study in 20151 1 ASX:RXL 17 February 2015 Three possible cases to be exam
Slide 5: Previous Scoping Study
Previous Scoping Study For personal use only Low technical risk project: o Toll milling – truck ore to nearby plant (two plants within 200km) o Build a plant on site – truck concentrate for sale Decline to underground mine ~70-100m depth Standard underground mining techniques and costs Simple proces
Slide 6: Nickel Sulphide Discoveries
Nickel Sulphide Discoveries For personal use only Two exceptional high grade nickel sulphide resources in WA’s northern goldfields 70km apart 150km from established infrastructure 6
Slide 7: Fisher East Resources
Fisher East Resources For personal use only Total Mineral Resource* of 4.2 Mt @ 1.9% Ni, for 78,000 tonnes Ni metal Drilling to increase current resources and explore to identify new discoveries * See Appendix for Mineral Resource details 7
Slide 8: Resource Extensions
Resource Extensions For personal use only MFED076: 7.7m @ 1.4% Ni, incl. 1.4m @ 2.9% Ni MFED076W1: 2.4m @ 2.4% Ni 8
Slide 9: Blue Sky Achievable
Blue Sky Achievable For personal use only Exploration ongoing on several targets along 25km of strike Exploration Target of 1.5 – 2Mt @ 1.6 – 1.8% Ni at Sabre Fresh sulphides in aircore at Mt Tate and Sholl Range Sabre Exploration Target to follow up 1.5 - 2Mt @ 1.6 - 1.8% Ni Over 40km of This Explo
Slide 10: Collurabbie
Collurabbie For personal use only 167 km2 of prospective tenure Main discovery at Olympia deposit Only 70km from Fisher East Widespread Ni-Cu-PGE mineralisation over ~15km strike length on multiple stratigraphic horizons Underdone previous exploration Extensive and quality datasets of drilling and g
Slide 11: Exploration Potential
Exploration Potential For personal use only Olympia Mineral Resource of 573,000 tonnes @ 1.6% Ni, 1.2% Cu, 0.08% Co and 2.3 g/t Pt+Pd, 2.3% NiEq* High grade drill intercepts Open at depth Exploration New exploration results at Olympia potential over potentially extend mineralisation 15km of strike M
Slide 12: Nickel Deficit is Coming
Nickel Deficit is Coming For personal use only Graphic from Panoramic Resources (PAN) presentation 19 July 2018 (page 12) 12
Slide 13: Key Points
Key Points For personal use only Fisher East Scoping Study Update underway Concentrator, Toll, and Blue Sky Cases being examined Large shallow mineral systems (over 10km in strike length, open at 700m depth, sulphides at 60m depth) Aggressively exploring tenements covering > 500km2 Straight forward
Slide 14: Corporate Information
Corporate Information For personal use only Capital Structure Rox Share Price, Last 12 Months $0.04 40,000,000 ASX Code: RXL Volume Share Price Shares on Issue: 1,259M $0.03 30,000,000 Share Price: A$0.010 Share Price $ $0.02 20,000,000 Volume Unlisted Options: 65.8M $0.01 10,000,000 Market Cap: $12
Slide 15: Value Proposition
Value Proposition For personal use only Two relationships between EV/kt Ni and Ni grade – explorers and developers RXL EV/kt Ni is ~$300/kt Ni = $27 million Cash & receivables have an NPV ~$13m Rox’s market cap should be ~$40m (>3 cents/share) Independent research* has valued Rox at just that Bubble
Slide 16: 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 16
Slide 17: Appendix – Mineral Resources
Appendix – Mineral Resources For personal use only Fisher East Nickel, ASX:RXL 5 February 2016 Olympia Nickel-Copper-PGE, ASX:RXL 18 August 2017 Tonnes Pd+Pt Ni % Cu % Co ppm Pd ppm Pt ppm NiEq %* NiEq (kt) Deposit Category Tonnes (Mt) Ni% Ni (kt) (kt) (koz) 573 1.6 1.2 820 1.5 0.85 2.4 13.5 43.0 In