Rox Resources Ltd · ASX:RXL
Rox Resources — Resources Rising Stars Conference (April 2024)
21 slides from Rox Resources's conference presentation, Apr 4, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION ASX: RXL Robert Ryan | Managing Director 4 April 2024 ASX: RXL Exploring and Developing the High-Grade Youanmi Gold Project 1
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements Competent Person Statements This presentation contains background information about Rox current at the date of this presentation (unless otherwise indicated). The information in this presentation is in summary form and does not purport
Slide 3: 2024 Key Milestones
2024 Key Milestones Resource Model Update Complete • 2.3Moz @ 4.4g/t demonstrates the high grade of the Youanmi Gold Deposit • Importantly, 48% increase in Underground Indicated Resource for feasibility studies • Link shaping up as an adjacent lode to the Youanmi Main Zone and close to existing unde
Slide 4: Project Location
Project Location • Youanmi Gold Project located approximately 480km northeast of Perth and Mt Fisher – Mt Eureka Gold Project approximately 140km southeast of Wiluna • Located in the central part of the Youanmi Greenstone Belt, which is situated in the Southern Cross Province of the Archaean Yilgarn
Slide 5: Corporate Information
Text Corporate Capital Structure Shareholders Information Venus ASX Code RXL Metals Shares on Issue 369.4m 16.67% Rox Resources Limited (ASX: RXL) is a West Australian Share Price (at 28/3/2024) $0.165 Hawke’s focused gold exploration and development Company. It is the 9.99% Point Market Capitalisat
Slide 6: Resource Overview
Resource Overview Indicated Inferred Total Cut-off Category Grade Tonnes Au Au Au Tonnes Grade Au Au Tonnes Grade Au (g/t) Grade Metal Metal Metal (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) Open Pit 0.5 5.1 2.8 458 1.4 2.4 108 6.5 2.7 565 Underground 2.5 5.6 6.1 1,103 4.1 4.8 633 9.7 5.5 1,7
Slide 7: Significant Increase in Resource Confidence
Significant Increase in Resource Confidence Current Resource Statement – January 20241 Indicated Resource Growth Since Acquisition1 Underground Indicated Resource increased by 48%, providing (Koz) Tonnes Au Grade Au Metal strong platform for potential Resource Statement January 2024 improvements in
Slide 8: Ounces per Vertical Metre
Ounces per Vertical Metre • The top ~400m of the resource contains over 4,000oz per vertical metre • High grade areas of the Pollard resource remain undrilled at depth (OVM) highlighting the high-grade nature of the deposit • OVM’s decrease with depth due to a lack of drilling ASX: RXL 8
Slide 9: Pre-Feasibility Study (PFS) Timeline
Pre-Feasibility Study (PFS) Timeline Q1 2024 Q2 2024 PFS Timeline Jan – Mar 24 Apr – Jun 24 Mineral Resource Updates 2 Mine Planning 3 Hydrology & Hydrogeology 4 Environmental Study 5 Metallurgical 6 Ore Processing 7 Non-Processing Infrastructure 8 Financial Model 9 Study Completion ASX: RXL 9
Slide 10: Metallurgical Test-work Underway
Metallurgical Test-work Underway From Rox’s 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 • Test-work confirms conventional floatation produces a high-grade, low arse
Slide 11: Exploration Growth Strategy
Exploration Growth Strategy Rox’s Project Pipeline Target Prospect Prospect Resource Mining Generation Definition Testing Definition Feasibility Youanmi Resource 2.3Moz Au @ 4.4g/t Au Youanmi Near Mine Link/Main lode Bunker North Midway Youanmi Project Youanmi Pollard Area Youanmi Far Deposits Paddy
Slide 12: Exploration Targets
Exploration Targets Long-Section of Youanmi Lodes along the Granite/Greenstone contact showing the current classified resource area, and the area estimated for the Exploration Target Exploration Targets1 Target Tonnage Grade Au Ounce Au Area Range Range Range 1.0Mt to 5.3 g/t to 193Koz to Kathleen 1
Slide 13: Link and Main Lode Resource
Link and Main Lode Resource Link Schematic Cross-Section Main Lode Schematic Cross-Section A A’ B B’ Notes: 1. Refer to ASX Announcements on 30 January 2024 ASX: RXL 13
Slide 14: Near Mine Discoveries – Midway & Paddy’s
Near Mine Discoveries – Midway & Paddy’s Midway & Paddy’s Discoveries • Newly defined exploration targets located within 300m of the Youanmi Main Lode • Paddy’s Results: o RXRC458: 28m @ 34.81g/t Au from 204m o RXDD080: 5.70m @ 8.26g/t Au from 233.30m, Midway Long Section o RXDD095: 5.08m @ 9.56g/t
Slide 15: Regional Advanced Projects
Regional Advanced Projects Currans Find Gold Project A A’ • Located 20km south of Youanmi • Significant historical intercepts at Currans Find include: o CFRC026: 3m @ 32.58g/t Au from 115m o CFRC016: 3m @ 27.50g/t Au from 39m B o CFRC031: 4m @ 18.59g/t Au from 108m B’ A’ o CFRC084: 3m @ 19.58g/t Au
Slide 16: Penny South - Lithium Exploration
Penny South - Lithium Exploration Penny South Project Area • Newly defined lithium exploration targets located 50km south of the Youanmi Gold Project • Identified large-scale lithium soil anomaly of >100ppm Li2O, extending over a +10km strike on Rox’s 100%- owned tenure, located along strike to the
Slide 17: Mt Fisher – Mt Eureka Project (Non-Core Asset)
Mt Fisher – Mt Eureka Project (Non-Core Asset) Project Overview • 1,150km2 ground position in one of the least explored greenstone belts in the prolific Yilgarn Craton • Located immediately along strike of Cannon Resources’ nickel deposits (237kt of Ni at 1.8% Ni) with the host ultramafic unit exten
Slide 18: Why Invest in Rox Resources
Why Invest in Rox Resources Record • Significant valuation gap between gold miners and Gold Price spot gold price1 Gold Stocks: Premium / Discount to Gold Price1 • One of the highest-grade undeveloped gold Strong deposits in a Tier-1 mining jurisdiction with a total resource of 2.3Moz at 4.4 g/t Au
Slide 19: Appendix 1 – Comparable Companies
Appendix 1 – Comparable Companies Companies selected are considered comparable to Rox Resources as they are Western Australian gold explorers or developers that have market capitalization less than A$250m at 26 March 2024, and their resource data excludes overseas assets Measured Resources - 100% In
Slide 20: Appendix 2 – ASX Announcements
Appendix 2 – ASX Announcements Relevant RXL’s ASX Announcements • ASX Announcement on 17 April 2019 – “Rox Confirms Mineral Resource Estimate and Near Surface Historic Drilling at Youanmi Gold Project” • ASX Announcement on 13 June 2019 – “Currans Find Joint Venture Gold Project High Grade Gold Valu
Slide 21: Thank You
THANK YOU Level 2, 87 Colin Street, West Perth, WA 6005 (08) 9226 0044 admin@roxresources.com.au www.roxresources.com.au ASX: RXL 21
Rox Resources — Resources Rising Stars Conference (April 2024) on 6ix