Slide 1: RIU Explorers Conference Presentation
ASX: RXL Phillip Wilding - CEO 18 – 20 February 2025
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Important - you must read the following before continuing The following notices and disclaimers apply to this presentation and you are therefore advised to read this carefully before reading or making any other use of this presentation or any information containe
Slide 3: Important Information and Disclaimer
Important Information and Disclaimer Important - you must read the following before continuing Financial Information All financial information in this presentation is in Australian dollars unless otherwise stated. Effect of Rounding A number of figures, amounts, percentages, estimates, calculations
Slide 4: An Emerging High-Grade Gold Developer
An Emerging High-Grade Gold Developer High-Grade • High-Grade Maiden Probable Ore Reserve declared 3.8Mt @ 4.4g/t Au for 546koz Resource • Total Mineral Resource estimate of 16.2Mt @4.4g/t Au for 2.3Moz Exploration • Mineral Resource open down dip and along strike • Near-Mine exploration targets Ups
Slide 5: Team, Vision and Mission
Team, Vision and Mission Proven Leadership Team in the Resource Sector with a Clear Goal Board of Directors Management Stephen Dennis Dr John Mair Phillip Wilding Greg Hoskins Non-Executive Chair Non-Executive Director Chief Executive Officer Chief Financial Officer Matthew Hogan Nathan Stoitis Dani
Slide 6: Corporate Overview
Corporate Overview Analyst Coverage Capital Structure (as at 17 Feb 25) Hawke’s Point Shares on Issue 607.9m 19.6% Share Price A$0.245 Market Capitalisation A$149m 9.9% QGold Other 52.4% Unlisted Options 30.3m Performance Rights 10.4m 9.3% Venus 8.8% Metals Cash and cash equivalents1 A$25.5m Institu
Slide 7: The Youanmi Gold Project
The Youanmi Gold Project • Located in the central part of the Youanmi Greenstone Belt, in the Southern Cross Province of the Archaean Yilgarn Craton in Western Australia, “Australia’s premier gold province” • Surrounded by million-ounce mines and major gold producers • Proven track record of product
Slide 8: Youanmi PFS Highlights
Youanmi PFS Highlights A high-grade, high-margin underground gold project with compelling economics and potential for significant further upside High-Grade • High-Grade Maiden Probable Ore Reserve estimate of 3.8Mt @ 4.4 g/t Au for Reserve and 546koz Resource • Total Mineral Resource estimate of 16.
Slide 9: High-Grade Mineral Resource Estimate (January 2024)
High-Grade Mineral Resource Estimate (January 2024) Cut-off Indicated Inferred Total Category Grade Tonnes Au Grade Au Metal Tonnes Au Grade Au Metal Tonnes Au Grade Au Metal (g/t) (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
Slide 10: High-Grade Ore Reserve (July 2024)
High-Grade Ore Reserve (July 2024) Existing Decline to ~600m below surface Ore Reserve Tonnes (Mt) Grade (g/t Au) Contained Ounces (koz) Proved Underground Ore Reserve 0.0 0.0 0.0 Probable Underground Ore Reserve 3.83 4.4 546 Total Underground Ore Reserve 3.83 4.4 546 ASX: RXL 10
Slide 11: Key Results from Growth Program (11,000m)
Key Results from Growth Program (11,000m) Focused on Resource Conversion and Metallurgy Samples ASX: RXL 11
Slide 12: Key Initial Results from Step-up Program (35,000m) & Exploration Target
Key Initial Results1 from Step-up Program (35,000m) & Exploration Target2 Exploration Targets Target Tonnage Grade Au Ounce Au Area Range Range Range 1.0Mt to 5.3 g/t to 193Koz to Kathleen 1.3Mt 8.0 g/t 355Koz 0.8Mt to 3.9 g/t to 110Koz to Pollard 1.0Mt 7.8 g/t 269Koz Main 0.3Mt to 3.4 g/t to 42Koz
Slide 13: Regional Advanced Projects
Regional Advanced Projects Currans Find Gold Project • 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 o CFRC031: 4m @ 18.59g/t Au from 108m o CFRC084: 3m @ 19.58g/t Au from 21m • Re
Slide 14: Indicative Pathway to Production
Indicative Pathway to Production Developing a high-grade, high-margin underground gold project whilst simultaneously unlocking its significant growth potential I CY24 CY25 CY26 CY27 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Key Project Deliverables Definitive Feasibility Study FID Mill construction and commi
Slide 15: Metallurgical Testwork Underway
Metallurgical Testwork Underway • Metallurgical testwork for the DFS advancing • All composite samples delivered to ALS and flotation works have commenced. The concentrate produced will be sent to Core Resources laboratory to commence the Albion testwork Rougher flotation – recovers as much sulphide
Slide 16: Dewatering Early Works
Dewatering Early Works Previous Tailings • Significant infrastructure with high volume evaporation ponds Storage available – Fully permitted • Civil works underway for refurbishment, pumping infrastructure Licenced Evaporation on order Ponds • Permits lodged to move water to Northern Pits • Target t
Slide 17: Next Steps
Next Steps Near-mine Exploration and Growth ~35,000m Drill Program Underway • Drill near-mine growth exploration targets – focus for early ounces and increased production followed by infill and depth extensions • Potential to significantly increase the scale of the Youanmi Gold Project Progress Defi
Slide 18: Thank You
Thank You Level 2, 87 Colin Street, West Perth, WA 6005 (08) 9226 0044 admin@roxresources.com.au www.roxresources.com.au
Slide 19: Appendix - PFS Production Target – the Starting Point
Appendix - PFS Production Target – the Starting Point Current Life of Mine Ounces Mined and AISC – THE AIM – to bring in forward ounces and increase with higher throughput Ounces Mined (koz) AISC $/oz 140 2,800 130 Indicated Inferred AISC 120 2,400 110 100 2,000 90 Board 80 and Management 1,600 70 6
Slide 20: Appendix - Project PFS Capital Requirement
Appendix - Project PFS Capital Requirement Attractive Value Proposition Pre-Production Capital Costs A$m Base Case A$3,100/oz Site Infrastructure 22 $486m Processing Facilities 150 2.0x $322m Tailings Storage Facility 4 $252m $245m value Gap Underground Development 39 4.6x $70m Commissioning costs –
Slide 21: Appendix - Processing – A Scalable Plant
Appendix - Processing – A Scalable Plant Simple flowsheet to produce gold doré averaging 103koz per annum – with recoveries estimated at 92.6% Simple Flowsheet • Conventional crushing, grinding and flotation → Flotation concentrate to Albion ProcessTM → Flotation tails to conventional CIL • Albion P