Rox Resources Ltd · ASX:RXL
Rox Resources — Shareholder Meeting (November 2019)
30 slides from Rox Resources's shareholder meeting presentation, Nov 26, 2019
Slide 1: Company Presentation – Rox AGM
ASX:RXL Company Presentation Rox AGM - 26 November 2019 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 – Scoping Study Parameters
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: 2019 Highlights
2019 Highlights Alex Passmore joined as CEO (subsequently appointed Managing Director) in February 2019 Project acquisition efforts continued Youanmi Gold Project acquisition announced in April and closed in June 2019 - Acquisition via a series of joint ventures with Venus Metals Corporation Ltd. Ro
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 has also recently acquired the Youanmi Gold Project wi
Slide 6: Asset Summary
Asset Summary Gold Projects Nickel Projects Youanmi Gold Project Fisher East Nickel Project 4 JVs with Venus Metals Ltd. Mine area JV Rox holds 50%, earning Individual deposit names: Camelwood, Musket, Cannonball, Sabre up to 70%. Venus Metals manages regional projects (other 3 JVs) until Rox moves
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 Venture Acquisition Cost $3.0m ($2.8m cash, Additional $3m (OYG Joint Venture) with the ability to increase to 70% (any time in the $0.2m scrip) Exploration Spend $2m n/a next 2 years). Timing
Slide 9: 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 10: 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 length of tenure to 40km of strike along the Youanmi Shear Zone Strong exploration upside and discove
Slide 11: 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) has developed pressure shadows enabling gold mineralising events Gold mineralisation is found in: Mafic / granite contact pressure shadow (dilational) areas Youanmi
Slide 12: 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 13: Recent Drilling Encounters Exceptional Grades
Recent Drilling Encounters Exceptional Grades Visible Gold Encountered in MLRC020 Refer ASX Announcement 19 Nov ’19 13
Slide 14: Regional Targets
Regional Targets Highly prospective granite-greenstone contact along the Youanmi Shear Zone - > 40km strike length Historically only very limited wide-spaced RAB/AC within regional Rox JV tenements Youanmi Resource 1.2Moz Drill-ready regional exploration prospects Detailed magnetics works well for s
Slide 15: Key Points – Youanmi GP
Key Points – Youanmi GP Strategic Rationale Milestones Acquisition of the Youanmi Gold Project was consistent with the Company’s stated Analysis of database : Ongoing objective of acquiring near-production assets within its financial capacity. Drilling regional targets : June – Dec ‘19 Opportunity f
Slide 16: Mt Fisher Project / Mt Eureka JV Project
Mt Fisher Project - Gold - - Nickel - Mt Eureka JV Project - Gold - - Nickel - 16
Slide 17: Gold Mineralisation
Gold Mineralisation Conceptual Model - Mt Fisher gold mineralisation Mt Fisher gold mineralisation is typical of greenstone- hosted Archean lode gold Lithology, structure and weathering are primary controls on gold mineralisation Project Summary • High-grade resource defined (7.53g/t Au) • Small 20m
Slide 18: Mt Fisher Gold Project
Mt Fisher Gold Project JORC Mineral Resource of 89,000 Mt Fisher Project Scale Geology Mt Fisher Project – max Au downhole oz* @ 2.7 g/t Au Majority of the known gold mineralisation (excluding extensions to historical Moray Reef and Mt Fisher) is found within regolith. Basement source of gold not ye
Slide 19: Basement Source
Basement Source Depth to Basement and Gold Occurrences > 2g/t Au Analogous to the Garden Well deposit Aircore drilling Implications for Targeting Au Mineralisation ineffective due to depletion above primary mineralization Drilling beneath regolith mineralisation ineffective (Au migration) Potential
Slide 20: Magnetics indicate major structures line up with basement lows
Depth to Basement and Gold Occurrences > 2g/t Au Structure, Max Au over Magnetics Magnetics indicate major structures line up with basement lows Gold mineralisation in the Dam trend is potentially remobilized to the west of the main structural corridor Dirks and Damsel structural targets stand out a
Slide 21: Rox's Nickel Projects
Rox’s Nickel Projects Two exceptional high grade nickel sulphide resources in WA’s northern goldfields 70km apart 150km from established infrastructure 21
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 Inventory 2.9Mt @ 1.7% Ni 2.9Mt @ 1.7% Ni Mining Study by CSA – stope optimisations, detailed mine schedule – optimum mining rate was 500 ktpa Mine Life 6 years 6 years Annual Production 7
Slide 24: Recent addition to Ni & Au tenure
Recent addition to Ni & Au tenure Rox to earn up to a 75% interest in a 290km2 tenement package (JV with Cullen Resources) adjacent to and along strike of the Fisher East Nickel Project $1m exploration spend over first 3 years to earn 51% $1m exploration spend following election to move to 75% at ye
Slide 25: Conclusion
Conclusion Gold and nickel sectors are enjoying strong commodity prices which is expected to continue Rox is actively exploring its exciting portfolio of mineral properties for gold and nickel in highly prospective WA greenstone belts Rox has commanding positions in these belts The significant Youan
Slide 26: Thank You & Questions
Thank You & Questions 26
Slide 27: Rox Resources Limited
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 27
Slide 28: 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 29: 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 30: 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. 30