Slide 1: Near-Term Gold Producer: Grade. Margin. Upside.
ASX: RXL For personal use only Near-Term Gold Producer Grade. Margin. Upside. Noosa Mining Conference Presentation | July 2025
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer ASX: RXL Important - you must read the following before continuing The following notices and disclaimers apply to this presentation and you are therefore advised to read this carefully before reading or making any other use of this presentation or any information
Slide 3: Important Information and Disclaimer
Important Information and Disclaimer ASX: RXL Important - you must read the following before continuing Production Target The Production Target and forecast financial information derived from the Production Target referred to in this release are underpinned by Indicated Mineral Resources (approximat
Slide 4: Major Highlights
Major Highlights ASX: RXL $0.50 12 High-grades and exploration upside 10 $0.40 For personal use only • Flagship Youanmi gold project has high-grade resource updated this week Volume (Millions) 8 • Mineral Resource open down dip and along strike $0.30 • Underground gold project with compelling econom
Slide 5: Flagship - Youanmi Gold Project
Flagship - Youanmi Gold Project ASX: RXL • Located in the central Youanmi Greenstone Belt, within the Southern Cross Province of the Archaean Yilgarn Craton For personal use only • Situated in Western Australia – globally recognised as Australia’s premier gold province • Surrounded by million-ounce
Slide 6: PFS Highlights – Youanmi Flagship Project
PFS Highlights – Youanmi Flagship Project ASX: RXL High-Grade Reserve and Resource • July 2024 PFS Probable Ore Reserve estimate of 3.8Mt @ 4.4 g/t Au for 546koz For personal use only • New 2025 Total MRE of 12.1Mt @ 5.6 g/t Au for 2,170koz >100koz pa Production Profile • >100koz pa production profi
Slide 7: New High-Grade Mineral Resource Estimate (July 2025)
New High-Grade Mineral Resource Estimate (July 2025) ASX: RXL For personal use only Cut-off Indicated Inferred Total Category Grade Tonnes Au Grade Au Metal Tonnes Au Grade Au Metal Tonnes Au Grade Au Metal (g/t) (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) Open Pit 0.5 0.7 2.0 48 0.5 1.3 22 1
Slide 8: Key Results From Step-Up Program
Key Results From Step-Up Program1 ASX: RXL For personal use only Investor presentation | July 2025 8 1. Refer to ASX announcement titled and dated “Youanmi drill program May update” 28 May 2025.
Slide 9: High-Grade Ore Reserve (July 2024)
High-Grade Ore Reserve (July 2024) ASX: RXL For personal use only Existing Decline to ~600m below surface Ore Reserve Tonnes (Mt) Grade (g/t Au) Contained Ounces (koz) Proved Underground Ore Reserve - - - Probable Underground Ore Reserve 3.83 4.4 546 Total Underground Ore Reserve 3.83 4.4 546 Invest
Slide 10: Dewatering Early Works
Dewatering Early Works ASX: RXL • Significant infrastructure with high volume evaporation ponds and pits available – fully permitted For personal use only • Pumping underway from United North and Main Pits • Significant step forward on Pathway to Production • United North exploration decline expecte
Slide 11: Metallurgical Testwork Underway
Metallurgical Testwork Underway ASX: RXL Metallurgical test work for the DFS advancing, comminution and flotation works completed Simple bulk sulphide flotation resulting in high sulphur recovery to concentrate of ~98.3%, containing ~91.6% of gold, remaining gold in flotation tails For personal use
Slide 12: Regional Advanced Projects
Regional Advanced Projects ASX: RXL Currans Find Gold Project1 For personal use only Located 20km south of Youanmi Significant historical intercepts at Currans Find include: • CFRC026: 3m @ 32.58g/t Au from 115m • CFRC016: 3m @ 27.50g/t Au from 39m • CFRC031: 4m @ 18.59g/t Au from 108m • CFRC084: 3m
Slide 13: Indicative Pathway to Production
Indicative Pathway to Production ASX: RXL I CY24 CY25 CY26 CY27 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 For personal use only Key Project Deliverables Definitive Feasibility Study FID Mill construction and commissioning First gold Milestones Resource extensional drilling Extensional drilling Growth Explora
Slide 14: Team, Vision, Mission
Team, Vision, Mission ASX: RXL Board of Directors For personal use only Stephen Dennis Phillip Wilding Non-Executive Chair Managing Director & CEO Experienced team with proven record in Nathan Stoitis David Boyd developing Australian Non-Executive Director Non-Executive Director gold mines Managemen
Slide 15: Next Steps
Next Steps ASX: RXL Updated Mineral Resource Estimate just released For personal use only • Based off ~46,000m of recent drilling, driving a larger, higher confidence UG Resource • Mine Plan optimisations to commence, feeding to mill design and project DFS Progress Definitive Feasibility Study • Con
Slide 16: Thank You
ASX: RXL For personal use only Thank You Level 2, 87 Colin Street, www.roxresources.com.au West Perth, Western Australia 6005 + 61 (8) 9226 0044 admin@roxresources.com.au rox-resources
Slide 17: Appendix - PFS Production Target – The Starting Point
Appendix - PFS Production Target – The Starting Point ASX: RXL Current Life of Mine, Ounces Mined and AISC – THE AIM: to bring in forward ounces and increase with higher throughput For personal use only Ounces Mined (koz) AISC $/oz 140 2,800 130 Indicated Inferred AISC 120 2,400 110 100 2,000 90 80
Slide 18: Appendix - Project PFS Capital Requirement
Appendix - Project PFS Capital Requirement ASX: RXL Pre-Production Capital Costs $m For personal use only Site Infrastructure 22 Processing Facilities 150 Tailings Storage Facility 4 Underground Development 39 Commissioning Costs – Net 15 Contingency 15 Total Pre-Production Costs 245 Sustaining Capi
Slide 19: Appendix - Processing – A Scalable Plant
Appendix - Processing – A Scalable Plant ASX: RXL Simple flowsheet to produce gold doré averaging 103koz per annum – with recoveries estimated at 92.6% Simple Flowsheet For personal use only • Conventional crushing, grinding and flotation • Flotation concentrate to Albion Process • Flotation tails t