Slide 1: Investor Presentation
ASX:RXL Investor Presentation April 2022 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 Rox Exploration Results Resources Limited current at the date of this presentation. The presentation is in summary form
Slide 3: Investment Highlights
Investment Highlights • Quality high grade resource reported at flagship project, Youanmi (3.2Moz at 3.57 g/t Au) (1) ▪ Including high grade underground component of 2.2Moz at 6.9g/t Au ▪ Resource remains open along strike and down dip with further growth likely ▪ 41% of resource currently in indica
Slide 4: Strategy
Strategy “Applying modern exploration and mining technologies to historic assets and data to grow existing resources and return to production.” 2022 - + Progress studies Final Investment Decision 2021 - 2022 Funding Commence studies and progress Execution options for restart Ongoing exploration 2020
Slide 5: Corporate Information
Corporate Information About Rox Resources Shareholders Rox Resources Limited (ASX:RXL) is a West Australian focused gold exploration and development Company. It is the 70% owner and operator of the historic Youanmi Gold Project near 13% 3% Hawke's Point 13% Mt Magnet, approximately 480 kilometres no
Slide 6: Experienced Team
Experienced Team Board Stephen Dennis Alex Passmore John Mair Non - Executive Chairman Managing Director Non - Executive Director Management Chris Hunt Matthew Antill Gregor Bennett Chief Financial Officer General Manager - Exploration Manager Operations 6
Slide 7: Comparable Gold Companies: EV/attributable resource ounce
Comparable Gold Companies (1) 350 4.00 300 M&I 3.50 EV/attributable resource ounce (A$) 46% 3.00 250 M&I M&I 58% 2.50 Grade (g/t Au) 43% 200 2.00 150 M&I 1.50 65% 100 M&I M&I M&I M&I 59% 1.00 M&I M&I 25% 63% 73% 54% 46% M&I M&I 50 65% 72% M&I 0.50 41% 0 0.00 Musgrave Genesis Degrey Ausgold Alto Meta
Slide 8: Youanmi Gold Project
Youanmi Gold Project Mine Area Penny Gold Deposit (335k oz Au at 13.8 g/t) 8
Slide 9: Overview
Overview • Rox holds a 70% interest in the Youanmi Gold Mine (OYG Joint Venture) and is Manager of the JV • Previously produced 670,000 ounces at 5.4g/t Au; closure in 1997 when gold price was A$400/oz – A$450/oz • Last parcel of ore mined underground at Youanmi (Nov 1997) was at 14.6g/t Au grade •
Slide 10: Mineral Resource - April 2022
Mineral Resource - April 2022 • Youanmi Total Mineral Resources increased in 2022 by 1.50Moz Au (+93%) to 3.2 Moz of contained gold (Au) • Underground Resource growth (+156%) to 2.2Moz Au at 6.9 g/t Au with high grades preserved (6.9g/t Au resource average) • Near Surface Resource growth to 1.0Moz a
Slide 11: Resource Observations
Resource Observations • Multiple mineralised lodes modelled, along 2.8 km of strike length at surface, comprising the Mine Lode and associated footwall and hanging wall lodes along the main trend corridor • Maximum depth of the Mine Lode interpretation is to approximately - 600mRL, 1,060m below the
Slide 12: Resource Observations (cont'd)
Resource Observations (cont’d) • A significant increase in ounces per vertical metre was achieved in the recent resource upgrade to an average of 2,900 ounces per vertical metre between surface and 750m below surface • Resource growth to April 2022 being lateral in two aspects: • To the north includ
Slide 13: Metallurgy
Metallurgy • There are two principal ore types at Youanmi: I. Non-Sulphide – readily extractible via CIL. Most of this material is in the near surface resource. Some material also within quartz rich lodes in the deeps. II. Sulphide – fine gold associated with Pyrite (75%); and gold associated with A
Slide 14: Gold Deportment & Past Observations
Gold Deportment & Past Observations • From RXL’s recent work simplified metallurgy is as follows: - 800koz Au Near Surface Resource (surface to 160m depth) = free milling - 2.2Moz Au Underground Resource = sulphide associated. Only 25% of this material is Arsenopyrite and needs extra oxidation. 75%
Slide 15: Conceptual Flowsheet
Conceptual Flowsheet • Conceptual flowsheets are being studied and developed with further detail available in mid 2022 following the next round of engineering work • Flowsheet envisages a Crush -> Grind -> CIL for Oxide / Non-Sulphide and a parallel Float -> Oxidation step for sulphide material • In
Slide 16: Infrastructure
Infrastructure The Youanmi Project includes a developed underground mine (dewatering required) and surface infrastructure including: Midwest Pipeline & Road Infrastructure • Access roads (sealed roads 90km from mine gate) - Spur line to Mount Magnet has a 4.1TJ/D • Airstrip capacity (APA Group) - St
Slide 17: Progress to Date
Progress to Date • More than 50,000 metres drilled (RC and DD) in the past 18 Youanmi Gold Project months • Substantial 93% increase in resource to 27.9M tonnes @ 3.57g/t Au for 3.2 million ounces (1) • Low discovery cost of just $7 per resource ounce, well below industry averages • Experienced mana
Slide 18: Resource Development Drilling
Resource Development Drilling • The Company continues to invest in drilling to support resource growth and resource conversion, in parallel with feasibility studies • Drilling programs in 2022 will include resource conversion in addition to extensional drilling in key target areas with near term pro
Slide 19: Regional Targets - Upside
Regional Targets - Upside • 426 holes, 22,455 metre Aircore drilling program completed on Youanmi Regional JV tenements • Aircore drilling campaign intersected regolith gold anomalies within NW trending structures over approximately 4km of strike • High-priority target areas identified for follow up
Slide 20: Next Steps
Next Steps • Substantial upgrades to the Youanmi resource inventory delivered in 2022. This new resource will underpin the Company’s scoping study which is well advanced and due for completion in the middle of the year. • Company expects concept level project economics to be very robust and is hence
Slide 21: Mt Fisher - Mt Eureka Gold Project
Mt Fisher - Mt Eureka Gold Project Mine Area Penny Gold Deposit (335k oz Au at 13.8 g/t) 21
Slide 22: Highlights
Highlights • 850km2 ground position in one of the least explored greenstone belts in the prolific Yilgarn Craton • Targeting orogenic gold mineralisation and strata-bound VMS style mineralisation • VMS prospectivity identified through extensive project review • Immediate work programs Aircore drilli
Slide 23: Project Location - Yilgarn Craton
Project Location - Yilgarn Craton • Mt Fisher - Mt Eureka Project is located in the Eastern Goldfields Superterrane of the Yilgarn Craton • Yilgarn Craton is one of the World’s great gold provinces • The project’s landholding is 850km2 in one of the least explored greenstone belts in the prolific Yi
Slide 24: Work Programs
Work Programs • High resolution airborne magnetic survey completed • Drilling programs completed (assays pending): • 160 holes, 7,300 metre Aircore drilling program completed at Mt Fisher Gold Project – new targets identified • RC program of 4,000 metres completed with assays pending Mt Fisher Mine
Slide 25: Investment Highlights
Investment Highlights • Quality high grade resource reported at flagship project, Youanmi (3.2Moz at 3.57 g/t Au) (1) ▪ Including high grade underground component of 2.2Moz at 6.9g/t Au ▪ Resource remains open along strike and down dip with further growth likely ▪ 41% of resource currently in indica
Slide 26: Appendix 1 - Youanmi Mineral Resources
Appendix 1 - Youanmi Mineral Resources Youanmi Mineral Resources (ASX:RXL 20 April 2022) Cut-off Tonnes Au Grade Au Metal Area Classification (g/t) (dmt) (g/t) (oz) Near Surface Indicated 0.5* 9,070,000 1.89 552,000 Underground Indicated 3.0 3,060,000 7.55 744,000 Sub-total Indicated 12,130,000 3.32
Slide 27: Appendix 2 - Mt Fisher Gold Mineral Resources
Appendix 2 - Mt Fisher Gold Mineral Resources Mt Fisher Gold (ASX:RXL 11 July 2018) Grade Competent Person Statements Deposit Category Tonnes Gold (oz) (g/t Au) Resource Statement Measured 25,521 8.02 6,577 The Statement of Estimates of Mineral Resources that relates to gold Mineral Resources for th
Slide 28: Appendix 3 - Comparable Gold Companies
Appendix 3 - Comparable Gold Companies Companies selected are considered comparable to Rox Resources as they are in exploration and/or study phase Project Attributable M&I Au/ Resource Grade Attributable ASX code Company name Ownership Contained Contained Source (Mt) (g/t Au) M&I Au (Koz) (%) Au (Ko
Slide 29: Rox Resources Limited
ASX:RXL Rox Resources Limited Level 2, 87 Colin Street, West Perth, WA, 6005 T: (08) 9226 0044 E: admin@roxresources.com.au W: www.roxresources.com.au Follow Rox: 29