Rox Resources Ltd · ASX:RXL
Rox Resources — Investor Presentation (April 2020)
29 slides from Rox Resources's investor presentation, April 2020
Slide 1: Investor Presentation
ASX:RXL Investor Presentation Rox Resources Limited April 2020 Alex Passmore – Managing Director 1
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements Competent Person Statements This presentation has been prepared by Rox Resources Limited. This document contains background information about Exploration Results Rox Resources Limited current at the date of this presentation. The presentation is in summary form
Slide 3: Disclaimers
Disclaimers Cautionary Statement – Scoping Study Parameters The updated Scoping Study released to the ASX on the 10th of October 2018 is based on low-level technical and economic assessments, and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development
Slide 4: Investment Highlights
Investment Highlights Several advanced Gold and Nickel projects in Western Australia The company’s flagship project is the Youanmi Gold Project located south of Sandstone in Western Australia. The company has one of the largest land holdings in this area with a prospective strike length of 80km of s
Slide 5: Corporate Information
Corporate Information About Rox Resources Rox Resources Limited (ASX:RXL) owns advanced gold and nickel exploration projects in Western Australia, including the Mt Fisher Gold Project, the Fisher East and Collurabbie Nickel Projects. The Company owns the Youanmi Gold Project with Venus Metals Corpor
Slide 6: Asset Summary
Asset Summary Gold Projects Nickel Projects Youanmi Gold Project Fisher East Nickel Project Located in WA south of Sandstone Individual deposit names: Camelwood, Musket, Cannonball, Sabre 4 JVs with Venus Metals Ltd. Mine area JV Rox holds 50%, earning Located in WA, circa 150km east of Wiluna up to
Slide 7: The Youanmi Gold Project
The Youanmi Gold Project - Gold - 7
Slide 8: The Youanmi Gold Project
The Youanmi Gold Project Ownership 50% 70% Rox holds an initial 50% interest in the Youanmi Gold Mine Joint Acquisition Cost $3.0m ($2.8m cash, Additional $3m Venture (OYG Joint Venture) with the ability to increase to 70% $0.2m scrip) Exploration Spend $2m n/a (any time in the next 2 years) Timing
Slide 9: Site Overview
Site Overview Weathered Greenstone (lower angle pit slope) Host to much of the historically mined gold mineralization Contains refractory portion of resources (arsenopyrite associated gold mineralization) Weathered Granite (higher angle pit slope) Historically not a focus for exploration Contains Gr
Slide 10: Infrastructure
Infrastructure The Youanmi Project includes a developed underground mine (dewatering required) and surface infrastructure including: CIP process plant designed to treat 600,000tpa of oxide ore (requiring significant refurbishment) Tailings disposal facility Mine offices Core shed and workshop Access
Slide 11: Youanmi Regional Setting
Youanmi Regional Setting Youanmi Shear Zone is a major state scale feature Intersection of the YSZ, greenstones and cross cutting structures are highly prospective areas. Together the JVs extend the Mine Area length of tenure to 40km of strike along the Youanmi Shear Penny West / Zone Penny North St
Slide 12: Exploration Model – Near Mine
Exploration Model – Near Mine Undulations in the granite / mafic contact along the main lode shear zone (NW trending long lived shear) accommodates dilation zones enabling gold mineralising events Gold mineralisation is found in: Mafic / granite contact pressure shadow (dilational) areas Youanmi Gra
Slide 13: Exceptional Grades (Grace Prospect)
November 2019 - Drilling Encounters Exceptional Grades (Grace Prospect) Visible Gold Encountered in MLRC020 Refer ASX Announcement 19 Nov ’19 13
Slide 14: January 2020 - Grace Cross Section
January 2020 - Grace Cross Section Refer ASX Announcement dated 20 January 2020 14
Slide 15: February 2020 - Grace along strike
February 2020 - Grace along strike Refer ASX Announcement dated 18 February 2020 15
Slide 16: March / April 2020 - Grace Long Section
March / April 2020 - Grace Long Section North plunging high grade shoots within west dipping, north striking mineralized envelope Several mineralized shoots present Refer ASX Announcement dated 2 April 2020 16
Slide 17: Youanmi South
Youanmi South Youanmi South prospect lies near the intersection of the Main Lode Shear Zone and the Youanmi Fault Prospective for various styles of gold mineralisation along strike to the south Most of the mineralisation encountered has been quartz / shear zone hosted Deeply weathered mafic host roc
Slide 18: Youanmi Deeps
Youanmi Deeps Cross Section – 4500N through Youanmi Deeps^ Youanmi main shear deposit is significant and open at depth (‘Youanmi deeps’) The Youanmi deeps ore body is partially refractory Rox is investigating the potential for the sale of a gold concentrate from Youanmi deeps ore Transactions such a
Slide 19: Key Points – Youanmi GP
Key Points – Youanmi GP Key Strengths Milestones Following the discovery of Grace Prospect the Youanmi Gold Project potentially offers a March 2020 Drilling out of Grace Prospect path to production via a high-grade small (RC) starter project followed by a larger longer life milling operation. Apri
Slide 20: Mt Fisher Project
Mt Fisher Project Rox’s nickel portfolio is centered on high-grade sulfide related nickel deposits. Fisher East was discovered in 2012 by Rox. Some of the better intersections^ seen at Fisher East include: MFEC071 – 4m @ 8.4% Ni from 178m, incl 2m @ 14.7% MFEC072 – 5m @ 8.4% Ni from 205m, incl 3m @
Slide 21: Geological Framework
Geological Framework Mt Fisher is located within an Archean greenstone belt to Conceptual Model - Mt Fisher Greenstone Belt the east of the Norseman-Wiluna and Yandal belts in Western Australia. These are host to some of the largest nickel and gold deposits globally. Mt Fisher is a similar age and m
Slide 22: Fisher East Resources
Fisher East Resources Total Mineral Resource* of 4.2 Mt @ 1.9% Ni, for 78,000 tonnes Ni metal Potential to increase current resources and to identify new resources * See Appendix for Mineral Resource details 22
Slide 23: Fisher East Nickel Conceptual Plan
Fisher East Nickel Conceptual Plan Concentrator Toll Mill Updated Scoping Study1 based on new Conceptual Mining Study by CSA – stope optimisations, detailed mine Mining Inventory 2.9Mt @ 1.7% Ni 2.9Mt @ 1.7% Ni schedule – optimum mining rate was 500 ktpa Mine Life 6 years 6 years Annual Production 7
Slide 24: Key Points – Mount Fisher
Key Points – Mount Fisher Key Strengths Milestones Large land holding with a significant existing nickel resource discovered by Rox March 2020 VTEM and Air core drilling regional targets Several targets for near term resource growth along strike from existing deposits April 2020 Data evaluation
Slide 25: Conclusion
Conclusion Gold sector is enjoying strong AUD gold price which is expected to continue Nickel price expected to recover / outperform over the medium to long term with as EV / battery thematic plays out The recent discovery of Grace Prospect at the significant Youanmi Gold Project has significantly e
Slide 26: ASX:RXL
ASX:RXL 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 26
Slide 27: Appendix – Mineral Resource Estimate
Appendix – Mineral Resource Estimate The information in this report that relates to gold Mineral Resources for the Youanmi Gold project was reported to the ASX on 17 April 2019 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information inclu
Slide 28: Appendix – Mineral Resources
Appendix – Mineral Resources Fisher East Nickel, ASX:RXL 5 February 2016 Olympia Nickel-Copper-PGE, ASX:RXL 18 August 2017 Tonnes Pd+Pt Deposit Category Tonnes (Mt) Ni% Ni (kt) Ni % Cu % Co ppm Pd ppm Pt ppm NiEq %* NiEq (kt) (kt) (koz) 573 1.6 1.2 820 1.5 0.85 2.2 13.5 43.0 Indicated 1.7 2.0 34.0 O
Slide 29: Appendix – Mineral Resources
Appendix – Mineral Resources Mt Fisher Gold, ASX:RXL 11 July 2018 0.8 g/tAu block cut-off grade. Values may not sum due to rounding. 29