Slide 1: Investor Presentation May 2021
ASX:RXL Investor Presentation May 2021 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: Investment Highlights
Investment Highlights Well funded & Capable team – the Rox team has had demonstrable success in the small to mid-cap resources sector (Mt Fisher nickel discovery, transaction track record). Following an $11m placement to Hawke’s Point (now a 13% holder) in March 2021 Rox is well funded to undertake
Slide 5: Corporate Information
Corporate Information About Rox Resources Rox Resources Limited (ASX:RXL) owns advanced gold and nickel exploration projects in Western Australia. The Company owns a majority stake (70%) in the Youanmi Gold Project (OYG JV) with JV Partner Venus Metals Corporation Limited (“VMC”) holding the remaini
Slide 6: Rox - a capable team
Rox - a capable team Stephen Dennis Alex Passmore John Mair Brett Dickson Chairman Managing Director Non-Executive Director Company Secretary Chair Meetings & Leadership Strategic Guidance Geology Advisor Accounts & Compliance Matt Antill Gregor Bennett David Thomas Tyler White GM Operations Explora
Slide 7: Youanmi Gold Project
Youanmi Gold Project Rox holds a 70% interest in the Youanmi Gold Mine (OYG Joint Venture). It is the manager of the JV. Newly discovered Grace Prospect Existing Indicated and Inferred JORC2012 Gold Resources Mine Area 12.4Mt @ 2.97g/t Au for 1.19 million ounces*. Including near surface resource of
Slide 8: 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) - State
Slide 9: 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) accommodates dilation zones enabling gold mineralising events Gold mineralisation is found in: Mafic / granite contact pressure shadow (dilational) areas Youanmi Gra
Slide 10: Youanmi Exploration – New Discoveries
Youanmi Exploration – New Discoveries Granite-hosted gold mineralisation confirmed along 2.5km of strike in the Grace structural corridor Detailed drilling over a 700m strike length between Grace and Grace North Grace mineralisation is free milling, high grade and occurs in an altered, sheared, gran
Slide 11: Litho-structural targeting
Litho-structural targeting N to NE structures High Strain Zone (Mineralised) Historical pits & Youanmi underground Junction Target 11
Slide 12: Broader Potential Opening Up
Broader Potential Opening Up 12
Slide 13: Link Drilling Highlights
Link Drilling Highlights The Link target is beneath the northern pits (United/Rebel/ Kathleen/ Kurrajong). Rox’s exploration model shows this area is directly down plunge of high-grade shoots mined in the northern pits and underground Hill End Deeps mine. Little to no previous drilling has been comp
Slide 14: Junction Drilling Highlights
Junction Drilling Highlights Junction Target is convergence zone between Grace and the Main Lode Shear Sits below the Pollard lode (an historical 1930’s mine) that was mined underground, at shallow depths with historical mine records indicating production of 260,000oz at 15 g/t Au mined grade. Rox r
Slide 15: Grace Drilling Highlights
Grace Drilling Highlights Grace is to the east of the Main Lode in an unmined area. Rox recently reported 8m @ 19.9 g/t Au from 68m* amongst other positive results Grace mineralisation sits within sheared granite (a conjugate structure to the Main Lode mineralisation) *Refer ASX Announcement 23 Marc
Slide 16: Youanmi Summary
Youanmi Summary Following the discovery of Grace Prospect the Work Programs Youanmi Gold Project potentially offers a path to Drilling out of Grace Prospect (RC & • Completed – shallow production via a high-grade small starter project Diamond) • Deeper drilling ongoing followed by a larger longer li
Slide 17: Mt Fisher Project
Mt Fisher Project Rox’s nickel portfolio is centered on high-grade sulfide related nickel deposits. Fisher East was discovered in 2012 by Rox. Some of the better intersections^ seen at Fisher East include: MFEC071 – 4m @ 8.4% Ni from 178m, incl 2m @ 14.7% MFEC072 – 5m @ 8.4% Ni from 205m, incl 3m @
Slide 18: 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 18
Slide 19: Fisher East Nickel Conceptual Plan
Fisher East Nickel Conceptual Plan Concentrator Toll Mill Updated Scoping Study1 based on new Conceptual Mining Study by CSA – stope optimisations, detailed mine Mining Inventory 2.9Mt @ 1.7% Ni 2.9Mt @ 1.7% Ni schedule – optimum mining rate was 500 ktpa Mine Life 6 years 6 years Annual Production 7
Slide 20: Cannon Resources – nickel spinco
Cannon Resources – nickel spinco Fisher East and Collurabbie nickel and base Item # of Shares @ 20c metal assets to be spun out (via a demerger) Retained by Rox Resources Limited 8,550,000 into a new company “Cannon Resources Limited”. Pro-Rata In-Specie Distribution to Rox Shareholders 36,450,000 E
Slide 21: ….looking forward
….looking forward Q1 2021: Ongoing Drilling at Youanmi with a focus on two major new targets Resource estimation work ongoing (Grace maiden resource and incorporation of all drilling from 2020) Transition into management of regional joint ventures Monetise our substantial nickel portfolio Q2
Slide 22: Conclusion
Conclusion Rox is actively exploring its exciting portfolio of mineral properties for gold and nickel in highly prospective WA greenstone belts → Gold sector is enjoying strong AUD gold price which is expected to continue → Nickel price expected to recover / outperform over the medium to long term w
Slide 23: ASX:RXL
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 23
Slide 24: 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 25: 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 26: 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. 26