Slide 1: Rox Resources: Focusing on Creating Shareholder Value
ASX: RXL For personal use only ROX RESOURCES LIMITED Focusing on Creating Shareholder Value Ian Mulholland, Managing Director September 2011
Slide 2: Competent Person Statement
For personal use only Competent Person Statement The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Ian Mulholland BSc (Hons), MSc, FAusIMM, FAIG, FSEG, MAICD, who is a Fellow of The Australasian Institute of Mining and Met
Slide 3: Company Snapshot
Company Snapshot For personal use only ASX Code: RXL Issued Shares: 398 million Market Cap: $13 million (at 3.3 cents) Cash (at 30 June 2011): $4.36 million Enterprise Value: $9 million Directors & Executive: Chairman: Jeff Gresham (Geologist) Managing Director: Ian Mulholland (Geologist) Finance Di
Slide 4: Rox Strategy
For personal use only Rox Strategy • Potential for Cash Flow from near term gold production at Mt Fisher • Longer term value from major discoveries • Three company making projects covering gold, zinc and phosphate
Slide 5: Project Locations
Project Locations For personal use only Myrtle Zinc • Current resource contains Marqua Phosphate 40Mt @ 5% Zn+Pb • Potential for large phosphate • Potential for major zinc deposit deposit, just 20km from established mine • Surface samples up to 39% P2O5 • $15M JV with Teck Resources • Drilling resul
Slide 6: Mt Fisher Location
Mt Fisher Location For personal use only • Mt Fisher greenstone belt prospective for gold and nickel • About 450km north of Kalgoorlie • Yandal Belt, 17 Mozs gold • Norseman-Wiluna Belt, >30 Mozs gold • Mt Fisher Belt hasn’t had the same amount of exploration • Several known gold occurrences and sma
Slide 7: Main Prospects
Main Prospects For personal use only • Rox tenement area covers 785 km2 • Main prospect areas: Dam-Damsel-Dirks, Mt Fisher, Moray Reef and Fisher East • Gold-in-regolith anomaly at Dam-Dirks is 7km long • Previous mining at Mt Fisher from underground and open cut (27,000 ozs) • High grade drill hits
Slide 8: Production Opportunities
Production Opportunities For personal use only Moray Reef • Resource target of 35,000-50,000 tonnes grading 5-10 g/t gold* – resource modelling and pit optimisation underway • Small tonnage, high margin, toll treatment, granted mining lease Damsel • Recent drilling highlighted a near surface zone wi
Slide 9: Resource Targets
Resource Targets* For personal use only Resource Tonnage Grade Gold Comments Target (kt) (g/tAu) (kozs) Moray Reef 40-50 5-10 6-16 Modelling underway Tailings 200-220 1.1-1.2 7-8 Metallurgical testwork LG Stockpiles 120-140 1.0-1.2 4-5 Re-sampling Pit Extensions 140-500 3-5 15-80 Drilling in Oct 201
Slide 10: Moray Reef
Moray Reef For personal use only • One simple structure 350m long • Outcrops and extends to 100m depth • Previous small scale mining has extracted high grades • Resource potential of 35,000 – 50,000 tonnes grading 5-10 g/tAu • Drill intercepts include: 1m @ 189 g/t Au from 71m 3m @ 67.9 g/t Au from
Slide 11: Dam-Dirks
Dam-Dirks For personal use only • Three parallel structures • Each structure has several “hot spots” which could relate to cross-cutting structures and/or sub-parallel splays • Drilling at Damsel (resource target of 400- 600 kt @ 4-5 g/tAu) includes: 9m @ 4.4 g/t 4m @ 6.1 g/t 18m @ 3.4 g/t • Drill i
Slide 12: Mt Fisher Mine Area
Mt Fisher Mine Area For personal use only Ultramafic Sulphidic Chert Basalt • Similar geological sequence to Bronzewing; ultramafic sulphidic chert basalt • Mineralisation is plunging to south open at depth • Drill intercepts such as; 6m @ 9.4 g/t and 2m @ 5.4 g/t • Still a lot of room for a r
Slide 13: Targets Along Strike
Targets Along Strike For personal use only • Host to mineralisation at Mt Fisher is sulphidic chert • Coincident magnetic and EM anomalies at Mt Fisher • Magnetic anomaly at Moray Reef also • Detailed aeromagnetics and VTEM flown • Several gold targets identified • VTEM also along ultramafic nicke
Slide 14: Myrtle Location
Myrtle Location For personal use only • 20km south of McArthur River Pb-Zn mine • 670 km2 tenement area • JORC resource of 43.6 Mt @ 4.1% Zn, 0.9% Pb, for 2.2 Mt (4.8 Blb) contained Zn+Pb metal • includes 15.3 Mt @ 5.5% Zn, 1.4% Pb • Adjacent to existing mine infrastructure at McArthur River (e.g. a
Slide 15: McArthur River Model
McArthur River Model For personal use only After Ireland et. al.* New drill holes to test High Grade Target Central Zone of High Grade (1 x 2km) Existing drill holes surrounded by Nodular located in fringe Carbonate Zone Nodular Carbonate Zone 1km Section Plan 2km * Ireland et. al., 2004, Econ Geol.
Slide 16: Myrtle Basin Potential
Myrtle Basin Potential For personal use only
Slide 17: Geology
Geology For personal use only • Favourable region McArthur River Sub-basin for very large Pb- Zn deposits • McArthur River Barney Creek mine is world Sub-basin class size (220 Mt @ 9% Zn, 4% Pb) 20km Myrtle Sub- • Form in small basin “sub-basins” • Myrtle is only one of a number of exploration prosp
Slide 18: Rox-Teck JV
For personal use only Rox-Teck JV • Teck is world’s 2nd largest Zinc producer production expertise • US$9B Mkt Cap Financial strength long term funding • Minimum spend of $1M, including 2,000 metres of drilling (will be completed in 2011) • $5M to earn initial 51% by July 2014 (3 years) • $15M
Slide 19: Giant Zn Deposits - Australia
Giant Zn Deposits - Australia For personal use only 20% of the world’s zinc reserves are contained in the Northern Australian Zinc province Deposit Owner Mt Mt Ore Pb+Zn Broken Hill Perilya, CBH 280 51.8 (BHP) McArthur River Xstrata 227 30.4 Mount Isa Xstrata 150 19.5 Myrtle Hilton Xstrata 120 20.3
Slide 20: Marqua Location
Marqua Location For personal use only • 450 km east of Alice Springs • Georgina Basin contains 90% of Australia’s hard rock phosphate resources • Only operating mine is at Phosphate Hill (QLD) @ 2 Mtpa • Other developing phosphate projects are Wonarah , and D-Tree (Lady Annie)
Slide 21: Marqua Project
Marqua Project For personal use only 25 km NT-QLD Border 3m @ 16.9% P2O5 5m @ 23.7% P2O5 3m @ 21.0% P2O5 5m @ 26.1% P2O5 2,000m of RC drilling in 4th Qtr 2011
Slide 22: Rox Share Price Drivers
For personal use only Rox Share Price Drivers • Near term gold production opportunities – Moray Reef, Tailings/LG Stockpiles • Drilling at Mt Fisher 5,000 metres in Oct-Nov 2011 – confirm resource targets at Damsel and Mt Fisher • Drilling at Myrtle 2,700 metres 4th Qtr 2011 • Drilling at Marqua
Slide 23: Summary
Summary For personal use only Projects in known areas for world class deposits Mt Fisher • Potential to establish near term gold production • Potential to define large high grade gold resource/s Myrtle • JV funding secured with major zinc company • High grade targets about to be drilled • Potential
Slide 24: Thank You!
Thank You! For personal use only Ian Mulholland Managing Director Rox Resources Limited Level 1, 30 Richardson St, West Perth WA 6005 Australia Ph: +61-8-6380-2966 www.roxresources.com.au