Rox Resources Ltd · ASX:RXL
Rox Resources — RIU Sydney Resources Round-up (May 2019)
23 slides from Rox Resources's conference presentation, May 7, 2019
Slide 1: For personal use only
For personal use only ASX: RXL www.roxresources.com.au 1
Slide 2: Disclaimers
For personal use only Disclaimers Forward-Looking Statements Competent Person Statements This presentation has been prepared by Rox Resources Limited. This document contains background information Exploration Results about Rox Resources Limited current at the date of this presentation. The presentat
Slide 3: Introduction: Game changing acquisition
For personal use only Introduction Game changing acquisition Youanmi mineral inventory of 1.2Moz Au Rox to acquire an initial 50% interest in the Youanmi Gold Mine Joint Venture (OYG Joint Venture) with the ability to increase to 70% (any time in the next 2 years). Rox to manage the Project and to u
Slide 4: Corporate Information
For personal use only Corporate Information Capital Structure Rox Share Price, Last 12 Months ASX Code: RXL $0.03 40,000,000 Volume Shares on Issue: 1,259M 30,000,000 Share Price Share Price: A$0.010 $0.02 Volume Unlisted Options: 65.8M 20,000,000 $0.01 Market Capitalisation: $12.6M 10,000,000 Cash
Slide 5: The Youanmi Gold Project
For personal use only The Youanmi Gold Project The Project includes Indicated and Inferred JORC2012 Gold Resources 12.4Mt @ 2.97g/t Au for 1.19 million ounces* The Youanmi Mining Centre has produced 670,000 ounces at 5.4g/t Au Closure in 1997 when gold price was A$400/oz – A$450/oz Very limited expl
Slide 6: Youanmi Regional Setting
For personal use only Youanmi Regional Setting Younami Shear Zone is a major feature observable on state wide geology maps Intersection of the YSZ, greenstones and cross cutting structures are highly prospective areas. Together the JVs extend the length of tenure to 40km of strike along the Youanmi
Slide 7: Transaction Summary
For personal use only Transaction Summary OYG Joint Venture – Key Terms Rox to initially acquire a 50% interest (all minerals) in OYG JV by funding $2.8 million to be applied to the cash component of VMC’s option exercise to acquire the OYG Tenements. Rox also to issue VMC $0.2 million in Rox scrip
Slide 8: Transaction Summary: Regional Exploration JVs
For personal use only Transaction Summary Regional Exploration JV’s – Key Terms Rox to earn-in a 45% or 50% interest in the gold rights of the regional joint ventures. Contributes the first $1 million of exploration expenditure across JVs. VMC is to be the manager of the regional JVs initially with
Slide 9: Infrastructure
For personal use only Infrastructure The Youanmi Project includes a developed underground mine 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 Acces
Slide 10: Database of opportunity
For personal use only Database of opportunity Strong Gold Endowment – Depth Extensions to satellites likely Reflects Youanmi Deeps Drilling only 10 * See Appendix for Mineral Resource details
Slide 11: Metallurgy
For personal use only Metallurgy Near Surface Youanmi Deeps COG (g/t Tonnes Au Gold (oz) COG Tonnes Au (g/t) Gold Au) (Mt) (g/t) (g/t (Mt) (oz) Au) Youanmi Indicated 0.5 4.72 1.76 266,200 Indicated 4 0.808 8.1 210,200 Gold Mine Inferred 0.5 5.36 1.55 266,500 Inferred 4 1.605 8.7 447,700 Total 0.5 10
Slide 12: Potential Near-Term Value Creation: Northern Pits
For personal use only Potential Near-Term Value Creation Northern Pits Last mined when gold price was A$450-A$500/oz (1993) Potential for pit extensions and cutbacks or “super pit” The sequence strikes northwest and dips to the west at 30-45 degrees Drill tested to only 160m below surface - Depth ex
Slide 13: Youanmi Main Pit / Hangingwall
For personal use only Youanmi Main Pit / Hangingwall Unmined near surface Indicated and Inferred Resource (JORC 2012) 3.2Mt @ 2.25g/t Au for 232Koz* Multiple follow-up targets located at depth and within mafic hanging-wall e.g. 10m @ 5.8g/t Au from 61m – not followed up* Gold in semi-continuous shea
Slide 14: Bunker Pit
For personal use only Bunker Pit High-grade unmined gold intersected in historical drilling. e.g. 29m Drill tested to only 100m below surface @ 12.9g/t Au from 51m* Mined to less than 45m, near-surface pit-wall failure Mineralisation defined over 240m of strike - open along strike and Potential for
Slide 15: Unmined Resources: Commonwealth-Connemara Deposits
For personal use only Unmined Resources Commonwealth- Connemara Deposits Undeveloped Indicated and Inferred Resource (JORC 2012) 570Kt @ 1.7g/t Au for 31Koz* 4km NW of the Youanmi Plant Gold mineralisation defined over 600m strike length Shallow gold mineralisation intersected in historical RC drill
Slide 16: Plant Zone Deposit
For personal use only Plant Zone Deposit Undeveloped Indicated and Inferred Resource (JORC 2012) 2.46Mt @ 0.93g/t Au for 74Koz* Gold mineralisation occurs as free particles within the sulphide-poor stockwork quartz veining in deeply weathered granite host - Free milling High grade near surface miner
Slide 17: Airstrip Zone
For personal use only Airstrip Zone Significant gold-in-laterite at surface (7m @ 4.5g/t Au from 3m) - Potential for early free milling gold production* Laterite zone seen over a wide area at the southern end of the main pit Free milling gold mineralisation in weathered granite parallel to Youanmi M
Slide 18: Exploration Targets
For personal use only Exploration Targets Detailed target ranking completed - Numerous high priority exploration targets identified Strong know spatial correlation between most of the deposits and major faults, in particular the main north west to north-north west trending faults. (Including the You
Slide 19: Exploration Potential
For personal use only Exploration Potential Oxide and free milling gold mineralisation in granite and parallel belts to Youanmi In the immediate vicinity of main lode (at depth) mineralization is partially refractory Gold endowment is impressive We are aware of the controls on metallurgy/recovery Un
Slide 20: Regional Targets
For personal use only Regional Targets Highly prospective granite-greenstone contact along the Youanmi Shear Zone - > 40km strike length Tenements surround high grade Penny-West gold mine Historically only very limited wide-spaced RAB/AC within regional Rox JV tenements Drill-ready regional explorat
Slide 21: Conclusion
For personal use only Conclusion Milestones Strategic Rationale Acquisition of the Youanmi Gold Project is Analysis of database : Ongoing consistent with the Company’s stated objective of acquiring near-production Drilling regional targets : July onward assets within its financial capacity. Drilling
Slide 22: For personal use only
For personal use only 22
Slide 23: Appendix – Mineral Resource Estimate
For personal use only 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
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