Slide 1: A Successful Explorer
For personal use only A Successful Explorer 8 June 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 Resource - Reward Teena Deposit, Inferred Minera
Slide 3: Company Snapshot
Company Snapshot For personal use only Rox Capital Structure (31 May 2016) ASX Code: RXL Issued Shares: 1,180.7 m Unlisted Options: 62.0 m (various 2.7c to 8.0c) Market Cap: $29.5 m (at 2.5c) Cash: $1.1 m (31 Mar) Experienced Board & Management Stephen Dennis Operations/Commercial: Major and Mid-Tie
Slide 4: Fisher East Nickel
Fisher East Nickel For personal use only New nickel province – discovered by Rox Four deposits discovered so far, Camelwood, Cannonball, Musket & Sabre Total Mineral Resource* of 4.2 Mt @ 1.9% Ni, for 78,000 tonnes Ni metal High grade portion of 0.5 Mt @ 4.6% Ni across 3 orebodies Strong exploration
Slide 5: Resource Potential
Resource Potential For personal use only 800m 1km Open at depth and along strike, untested downhole EM conductors Strong potential for increasing mineral resources at depth Scoping Study completed, PFS partially completed – on hold pending improvement in nickel price 5
Slide 6: Exploration Potential
Exploration Potential For personal use only Strong exploration potential over 25km Sabre prospect – strong initial RC results – needs deeper diamond 10m @ 1.9% Ni drilling X X X Fresh sulphides in aircore at Mt Tate and Horatio Highly anomalous aircore results at 5km four other prospects 6
Slide 7: Unlocking Value of RXL's Zinc
Unlocking Value of RXL’s Zinc For personal use only RXL’s share price has tracked the US$ 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…. Correlation Corr
Slide 8: Reward Zinc
Reward Zinc For personal use only Owned by Rox (49%) and Teck Resources (51%) Teck earning-in to 70% by funding $15m ($13.85m spent) Excellent infrastructure including bitumen road, gas pipeline, major airport, ship loader, port (Mineral Resources: Myrtle, ASX:RXL 15 March 2010; Teena, ASX:RXL 1 Jun
Slide 9: Teena Drilling
Teena Drilling For personal use only Large stratiform mineralised system; up to 1.9km x 800m x 30m; plunging east Drill results at 6% Zn+Pb cut-off or higher 38.8m @ 16.9% Zn+Pb 200m 26.4m @ 13.3% Zn+Pb 200m 20.1m @ 15.0% Zn+Pb 300m 35.4m @ 13.2% Zn+Pb 1,300m+ 200m of HG 20.3m @ 13.9% Zn+Pb 200m 15.
Slide 10: 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 11: Tonnage-Grade
Tonnage-Grade For personal use only Grade-Tonnage Curve Total Resource 100 18.0 Lower Lens Upper Lens Total Grade 90 17.0 16.8 80 16.0 16.1 70 15.4 15.0 58 56 Grade Zn+Pb% 60 14.0 Tonnes (Mt) 51 14.5 50 13.0 13.4 42 12.7 12.9 36 40 12.0 31 27 30 11.0 20 10.0 10 9.0 - 8.0 6 7 8 9 10 11 12 Cut-Off Gra
Slide 12: Cross Section
Cross Section For personal use only 19.4% Zn, 2.9% Pb 21.3% Zn, 3.4% Pb 22.1% Zn, 3.8% Pb 22.0% Zn, 4.0% Pb 24.2% Zn, 4.1% Pb High Zn:Pb ratio = 6.5:1 favorable metallurgy 400-1,000m depth is NOT deep and there are no known technical impediments to mining the orebody 12
Slide 13: 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 13
Slide 14: Elephant Country
Elephant Country For personal use only 20% of the world’s zinc reserves are contained in the Carpentaria Zinc province, mined at depths of over 1km Major Zinc Deposits in Australia Zn+Pb Deposit Owner Mt* Zn+Pb%* Mine Type (Mt)* Broken Hill** Perilya, CBH (BHP) 280 18.5 51.8 UG, OC McArthur River Gl
Slide 15: ASX-listed Zinc Resources
ASX-listed Zinc Resources For personal use only Teena Mineral Resource: 58 Mt @ 12.7% Zn+Pb = 7.4 Mt Zn+Pb metal Grade is important. Deposits <8% ZnEq unlikely to “make it”. Teena is by far the largest high grade deposit > 8% ZnEq 8% ZnEq Most of the large deposits are low grade (< 8% ZnEq) = margin
Slide 16: Global Zinc Resources
Global Zinc Resources For personal use only Only 10 Super Giants (Tier 1) worldwide Tier 2 Other High (out of 136), with >12 Mt contained Zn+Pb Grade ASX and > 8% Zn+Pb Deposits Tier 1 Six (6) of these are in Australia Teena Mineral Resource (JORC 2012) 58 Mt @ 12.7% Zn+Pb* (7.4 Mt, 16.3 Blb contain
Slide 17: 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 18: 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 18
Slide 19: $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 20: 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 21: 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 22: 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 23: 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 23