Slide 1: A Successful Explorer – Company Presentation
For personal use only A Successful Explorer Company Presentation July 2016 ASX: RXL 1
Slide 2: Rox in a Nutshell
Rox in a Nutshell For personal use only Advanced Nickel Sulphide Project – Fisher East Resource of 78,000t (172 Mlb) of contained nickel, 4.2 Mt @ 1.9% Ni1 Potential to increase resources with a number of high quality targets World Class Mineral Resources – Reward – 18.5 Blb Zn+Pb Teena Deposi
Slide 3: Unlocking Value of RXL's Zinc
Unlocking Value of RXL’s Zinc For personal use only RXL’s share price has tracked the US$ Nickel price since the discovery of Fisher East nickel in 2013, even though Teena was discovered during this period…. No real relationship with Zinc Price – until we released the Teena resource Now tracking A$
Slide 4: Spin Out Rationale
Spin Out Rationale For personal use only Monetise Asset Unlock value Cash reimbursement of $2.0 million Shares of $12.8 million Continued Zinc Exposure Rox will hold ~50% of New Zinco (IMI) Maintain exposure to zinc price upside New projects brought into New Zinco (IMI) Funding Secured
Slide 5: Clear Value for Rox
Clear Value for Rox For personal use only Gold $10 million JV with Doray Zinc $14.8 million sale and continued exposure through IMI Nickel 4.2 Mt @ 1.9% Ni for 78,000 tonnes of contained Ni Early mover when nickel price recovers Copper 38m @ 4.4% Cu, new discovery Cash Spinout ($2 millio
Slide 6: Company Snapshot
Company Snapshot For personal use only Rox Capital Structure (19 July 2016) ASX Code: RXL Issued Shares: 1,180.7 m Unlisted Options: 62.0 m (various 2.7c to 8.0c) Market Cap: $28.3 m (at 2.4c) Cash: $0.6 m (30 Jun) Experienced Board & Management Stephen Dennis Operations/Commercial: Major and Mid-Ti
Slide 7: Fisher East Nickel
Fisher East Nickel For personal use only New nickel province – discovered by Rox Four deposits discovered so far, Camelwood, Cannonball, Musket & Sabre Total Mineral Resource* of 4.2 Mt @ 1.9% Ni, for 78,000 tonnes Ni metal High grade portion of 0.5 Mt @ 4.6% Ni across 3 orebodies Strong exploration
Slide 8: Resource Potential
Resource Potential For personal use only 800m 1km Open at depth and along strike, untested downhole EM conductors Strong potential for increasing mineral resources at depth Scoping Study completed, PFS partially completed – on hold pending improvement in nickel price 8
Slide 9: Exploration Potential
Exploration Potential For personal use only Strong exploration potential over 25km Sabre prospect – strong initial RC results – needs deeper diamond 10m @ 1.9% Ni drilling – EIS funding X X X for 3 holes Fresh sulphides in aircore at Mt Tate and Horatio Four other targets 5km ready to drill 9
Slide 10: Reward Zinc
Reward Zinc For personal use only Owned by Rox (49%) and Teck Resources (51%) Teck earning-in to 70% by funding $15m ($14m spent), then Rox has to fund it’s 30% Excellent infrastructure including bitumen road, gas pipeline, major airport, ship loader, port (See Appendix for Mineral Resource details
Slide 11: Teena Mineral Resource
Teena Mineral Resource For personal use only 58 Mt @ 12.7% Zn+Pb (11.1% Zn, 1.6% Pb) for 7.4Mt (16.3 Blb) contained Zn+Pb metal (at 6% Zn+Pb cut-off)* Upper Lens, 45 Mt @ 13.7% Zn+Pb (12.0% Zn, 1.8% Pb) Lower Lens, 14 Mt @ 9.4% Zn+Pb (8.2% Zn, 1.2% Pb) Jabiru Fault Upper Lens Mineral Resource estima
Slide 12: Teena is NOT Deep
Teena is NOT Deep For personal use only Based on published data Level 700 means between 700 and 800m below surface 12
Slide 13: Zinc Resources on ASX
Zinc Resources on ASX For personal use only Teena Mineral Resource: 58 Mt @ 12.7% Zn+Pb = 7.4 Mt Zn+Pb metal Rox’s 30% portion is 2.2 Mt Zn+Pb metal Grade is important. Deposits <8% ZnEq will struggle during low price cycles Teena is the largest high grade deposit > 8% ZnEq 8% ZnEq High grade deposi
Slide 14: ASX-listed Zinc Resources
ASX-listed Zinc Resources For personal use only High Grade Deposits Grade Low Grade Deposits Rox 30% Rox’s share of Teena zinc + lead contained metal is comparable in size to Citronen, Tala Hamza, Sulphur Springs, 8% ZnEq and Admiral Bay*, but at significantly higher grade *Based on quoted high grad
Slide 15: Mt Fisher Gold
Mt Fisher Gold For personal use only Poorly explored Mt Fisher greenstone belt Norseman-Wiluna Belt, northern end (Agnew-Wiluna) = 10 Moz Yandal Belt = 17 Mozs 17 Moz Potential for Mt Fisher to become a multi-million ounce 5 Moz? greenstone belt (5 Moz?) – current endowment ~ 0.5 10 Moz Moz JORC res
Slide 16: Gold Deposits
Gold Deposits For personal use only Three styles of gold mineralisation Large shear zone down western side, 10km long, hosts numerous prospects – e.g. Dam, Damsel, Shiva, Dirks Mt Fisher gold mine, sulphide hosted (27,000 ozs production) Moray Reef, quartz vein hosted 16
Slide 17: $10M JV with Doray
$10M JV with Doray For personal use only $10M JV with Doray Minerals Doray is a well known and highly successful gold explorer and miner, with several projects in WA $1M minimum expenditure in Year 1 before withdrawal Additional $4M over 2 years (years 2-3) to earn 51% Additional $5M over 2 years (y
Slide 18: Bonya Copper Project
Bonya Copper Project For personal use only New high grade copper sulphide discovery at Bonya prospect 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 Rox 51% and earning to 70% for Numerous unteste
Slide 19: Forward Strategy
Forward Strategy For personal use only • Nickel Continue to explore and grow the Fisher East resource – leverage for an improved nickel price • Zinc Unlock the value of Teena via a spin out – keep exposure, but reduce the funding risk • Gold $10M JV with Doray at Mt Fisher – minimum of $1 million to
Slide 20: 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 21: 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 21
Slide 22: Appendix – Mineral Resources (Teena, Myrtle)
Appendix For personal use only Mineral Resources Teena, ASX:RXL 1 June 2016 Cut-off Tonnes Zn Pb Zn+Pb Lode Zn % Pb % Zn+Pb % Zn+Pb% (Mt) kt kt kt 6 Upper 45 12.0 1.8 13.7 5,329 793 6,122 6 Lower 14 8.2 1.2 9.4 1,112 164 1,276 TOTAL 58 11.1 1.6 12.7 6,441 957 7,398 Notes: Values may not sum due to
Slide 23: Appendix – Mineral Resources (Fisher East, Mt Fisher)
Appendix For personal use only Mineral Resources Fisher East Nickel, ASX:RXL 5 February 2016 Mt Fisher Gold, ASX:RXL 10 February 2012 Deposit Category Tonnes Uncut Cut Deposit Category Tonnes (Mt) Ni% Ni (kt) Grade Metal Grade Metal Value (g/tAu) (Ozs) (g/tAu) (Ozs) (g/tAu) Moray Reef Measured 25,70
Slide 24: Appendix – Zinc Equivalent Calculations
Appendix For personal use only Zinc Equivalent Calculations Metal Equivalent Calculations Clause 50 of the JORC Code (2012) states that the reporting of Exploration Results, Mineral Resources or Ore Reserves for polymetallic deposits in terms of metal equivalents (a single equivalent grade of one ma
Slide 25: Appendix – Zinc Equivalent Calculations table
Appendix For personal use only Zinc Equivalent Calculations ASX Zn+Pb ZnEq Company Deposit Ownership Mt Grade Metallurgical Recovery ZnEq% References Code % Mt Ag Au Ag Au Zn% Pb% Cu% Zn% Pb% Cu% g/t g/t g/t g/t Aurelia AMI Hera, NSW 100% 2.5 4.8 3.7 37 3.5 0.2 90 90 85 76 14.6 0.37 ASX:AMI 14 April