Rox Resources Ltd · ASX:RXL
Rox Resources — Investor Presentation (April 2023)
23 slides from Rox Resources's investor presentation, Apr 4, 2023
Slide 1: Investor Presentation: Youanmi Gold Project - Consolidation
Developing the High-Grade, High Margin Youanmi Gold Project Investor Presentation Youanmi Gold Project - Consolidation 4 April 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: Building Rox's Value
Building Rox’s Value Simple • 100% ownership of the Youanmi Gold Project (OYG), post Venus transaction Ownership • Increased investor and capital markets appeal Significant • Significant potential upside not included in the Scoping Study • New exploration in near mine and regional areas: Upside - Yo
Slide 4: Youanmi Gold Project – Consolidation Transaction
Youanmi Gold Project – Consolidation Transaction 4
Slide 5: Youanmi - Transaction Overview
Youanmi - Transaction Overview • Acquisition of Venus Metals Corporation Limited’s (“Venus”) gold interests in 4 Youanmi Joint Ventures by acquiring a mixture of: • Oz Youanmi Gold Pty Ltd, 100% owned subsidiary of Venus (all interests) • The core exploration tenements and gold interests held by Ven
Slide 6: Youanmi - Transaction Overview
Youanmi - Transaction Overview Post-Transaction Pre-Transaction Post-Transaction Tenement Joint Venture Au Other Transaction Outcome Au Other Rox Venus Rox Venus Rox Venus Rox Venus M57/0010 OYG JV 70% 30% 70% 30% 100% - 100% - M57/0051 OYG JV 70% 30% 70% 30% 100% - 100% - M57/0075 OYG JV 70% 30% 70
Slide 7: Consolidating the Youanmi Gold Belt
Consolidating the Youanmi Gold Belt • Rox to acquire 100% interest in the OYG and 90% to 100% gold interests in the regional tenure 1 • Highly strategic consolidation of 697km2 and >60km of strike of the Youanmi Shear Zone • The belt is demonstrated to be host to extensive high- grade gold occurrenc
Slide 8: Key Commercial Terms
Key Commercial Terms Consideration • 110m Rox shares (equivalent to 32.9% of post transaction share capital) In-Specie • 55m of the 110m Rox shares to be distributed in-specie to Venus shareholders Distribution • 12-month escrow on remaining 55m Rox shares held by Venus Escrow • Release from escrow
Slide 9: Conditions & Indicative Timetable
Conditions & Indicative Timetable Conditions Precedent Key Events Date • Each party completing its due diligence on the other and the results being satisfactory Rox – Dispatch Notice of Meeting May to each party, in their absolute discretion • Approval by Rox shareholders Venus – Dispatch Notice of
Slide 10: Pro-Forma Corporate Snapshot
Pro-Forma Corporate Snapshot Current Pro-Forma Capital Structure Capital Structure Shares 224.4m Shares 334.4m Market Capitalisation1 A$63.9m Market Capitalisation1 A$95.3m Options 16.1m Options 16.1m Performance Rights 13.4m Performance Rights 13.4m Cash2 A$10.5m Cash2 A$10.5m 13.1% 2.2% 8.8% 17.9%
Slide 11: Near Mine and Regional Exploration
Near Mine and Regional Exploration 11
Slide 12: 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 13: Near-Mine Exploration Drilling
Near-Mine Exploration Drilling Limited Near-Mine Exploration Current Resource Statement – April 20221 Kurrajong / United Hill Kurrajong / Rebel Kathleen Main Pit Bunker Rebel North End Kathleen United North Hill End Link April 2022 Tonnes Au Grade Au Metal Resource (Mt) (g/t) (Moz) Youanmi Deeps Ind
Slide 14: Exploration Drilling Programme Highlights
Exploration Drilling Programme Highlights Exploration Drilling Programme Highlights1 • Exceptional initial drilling results from Midway and Youanmi South, indicating the potential high- grade discoveries located near Youanmi mine o New drilling at the emerging Midway discovery hits thick high-grade
Slide 15: 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 and open in all directions • Recent results: • 2.86m @ 22.03 g/t Au from 356.39m in RXDD047 and; • 3.73m @ 10.25 g/t Au from 405.80m in RXDD047 • 6.76m @ 15.40
Slide 16: Bonanza Intercept at Youanmi South Prospect
Bonanza Intercept at Youanmi South Prospect Youanmi South Exploration Drilling • ~250 metres from the Youanmi main open pit • A target area of largely untested mafic volcanic rocks southeast of the Youanmi Main lode • RXRC458 – first drill hole to be orientated perpendicular to historic drilling and
Slide 17: Regional Drilling Programme
Regional Drilling Programme Linda Gossan Prospect Currans Find – Taylor’s Reef Sovereign Prospect • Strong gold mineralisation encountered at Linda Gossan • Gold mineralization at Currans Find is hosted in multiple • An initial Aircore (AC) drilling program in 2019 generated geochemical Prospect VMC
Slide 18: Youanmi Gold Project - Scoping Study
Youanmi Gold Project - Scoping Study • Rox is in the process of acquiring 100% interest in the Youanmi Gold Mine (OYG Joint Venture) • Scoping Study outlines a production target of 569koz Au at an average AISC of $1,538/oz over 8 years • Pre-production capital cost of $99m • Leverages off existing i
Slide 19: 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 20: 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 21: 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 22: Next Steps
Next Steps • An additional drill rig was mobilised to site in early March to accelerate the current drill programme that is focused on: Drilling o Resource infill drilling to upgrade the inferred resource to indicated resource; and Programme o Target drilling the near mine exploration structures inc
Slide 23: 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