Slide 1: Acquire, Explore, Develop: The Rox Formula for Growth
ASX: RXL For personal use only Acquire, Explore, Develop The Rox Formula for Growth AMEC Conference Presentation 8 June 2017 Ian Mulholland - Managing Director 1
Slide 2: Who is Rox?
Who is Rox? For personal use only An awarded Australian exploration company Strong Financial Positon: Cash of $15 million & receivables of ~$4 million, no debt JORC Mineral Resources of Nickel and Gold Projects in Australia Committed management with “skin in the game” 2
Slide 3: Corporate Information
Corporate Information For personal use only Key Information ASX Code: RXL Share Price: A$0.015 Shares: 1,236M Unlisted Options: 83.8M Market Cap: $18.5M Cash: $15.0M EV: $3.5M Top 20: 26% 3
Slide 4: Money in the Ground
Money in the Ground For personal use only ~70% of funds into exploration since inception ~80% of funds into exploration over the last 5 years (~$20 million) 4
Slide 5: Rox Growth Projects
Rox Growth Projects For personal use only Fisher East Nickel Sulphide Reward Zinc-Lead Project Project Sale • Resource of 50,000t (110 Mlb) of • $19.73 million cash contained nickel, 2.0 Mt @ 2.5% Ni1 • Cash $15.97 million paid • Potential to increase resources • $3.75 million in 6 years • High qual
Slide 6: Nickel Primed For Recovery?
Nickel Primed For Recovery? For personal use only Current uncertainty about nickel – Indonesia, Philippines Spot price has risen from low a year ago Inventories & production in falling trend Nickel supply predicted to go into deficit over next 4 years Chinese stainless steel production stronger than
Slide 7: Nickel Price Projections
Nickel Price Projections* For personal use only • Nickel is predicted to move the most of the base and precious metals over next 4 years • Predicted to be ~US$15,000/t (=US$6.80/lb) by 2021 (4 years)- that’s >A$19,000/t (~A$8.80/lb) * Hartleys Research 17 March 2017 7
Slide 8: Nickel Projects
Nickel Projects For personal use only Two nickel sulphide projects in WA’s northern goldfields Fisher East is a new nickel province – discovered in 2013 by Rox Collurabbie discovered in 2004 by WMC – but relatively unexplored Fisher East and Collurabbie are just 70km apart – project development syne
Slide 9: Development Studies
Development Studies For personal use only Low technical risk project: o Toll milling – truck ore to nearby plant (two plants within 200km) o Build a plant on site – truck concentrate for sale Decline to underground mine ~100m depth to sulphides Standard underground mining techniques and costs (A$130
Slide 10: Fisher East Nickel
Fisher East Nickel For personal use only X X X Four deposits discovered so far, Musket, Cannonball, Camelwood & Sabre Total Mineral Resource* on three deposits of 2.0 Mt @ 2.5% Ni, for 50,000 tonnes Ni metal * See Appendix for Mineral Resource details 10
Slide 11: Exploration Targets
Exploration Targets For personal use only Fresh sulphides in aircore at Mt Tate RC drilling underway at Cutlass, Sabre North, Tomahawk, Mt X X X Tate, Horatio, and 10m @ 1.9% Ni Claymore – results in Resource to be drilled 2-3 weeks out at Sabre Diamond drilling at Sabre, Camelwood & Musket to start
Slide 12: Attractive Gold Potential
Attractive Gold Potential For personal use only $10M JV with Doray Minerals o $1M minimum expenditure in Year 1 before withdrawal (30 June 2017) o $4M over 2 years for 51% o $5M over +2 years for 75% JORC Mineral Resource of 86,000 ounces* on Rox’s ground Large scale gold-in-regolith anomaly along c
Slide 13: Collurabbie Acquisition
Collurabbie Acquisition For personal use only 123km2 of prospective tenure Main discovery at Olympia deposit Widespread Ni-Cu-PGE mineralisation over ~15km strike length on multiple stratigraphic horizons Drill targets for Ni-Cu-PGE Drill targets for Gold Quality datasets of drilling and extensive g
Slide 14: Exploration Potential
Exploration Potential For personal use only High grade Olympia lens: ❖ 5.8m @ 3.0% Ni, 2.0% Cu, 5.3 g/t PGE ❖ 3.8m @ 2.2% Ni, 1.8% Cu, 3.5 g/t PGE ❖ 1.9m @ 3.6% Ni, 2.8% Cu, 7.0 g/t PGE Elevated Co values ~ 0.1 – 0.2% Open at depth Resource on Olympia out soon Exploration potential over 15km of stri
Slide 15: Spot the Opportunity
Spot the Opportunity For personal use only Rox seems under-valued based on the size and grade of our nickel resources Cash is $15m + $3.75m in receivables Bubble size relates to amount of contained nickel, based on data as of 4 May 2017 15
Slide 16: Value Proposition
Value Proposition For personal use only ~$19 million in cash and receivables Outstanding gold and nickel assets located in WA, the world’s #1 jurisdiction1 Looking to double Ni resources to >100,000 tonnes contained nickel Studies demonstrate a technically robust project at Fisher East Focus on grow
Slide 17: Project Search
Project Search For personal use only Looking for projects in Gold, Silver, Copper, or Zinc Australia preferred, but also any jurisdiction with secure Mining laws and especially security and continuity of title Advanced exploration (i.e. mineral resource defined, or close to) through to feasibility/p
Slide 18: Thank You
For personal use only Thank You 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 18
Slide 19: Disclaimers
Disclaimers For personal use only Forward-Looking Statements Competent Person Statements This presentation has been prepared by Rox Resources Limited. This document contains background information Resource Statements about Rox Resources Limited current at the date of this presentation. The presentat
Slide 20: Appendix: Mineral Resources
Appendix For personal use only Mineral Resources Fisher East Nickel, ASX:RXL 5 February 2016 Mt Fisher Gold, ASX:RXL 10 February 2012 Deposit Category Tonnes Uncut Cut Deposit Category Tonnes (Mt) Ni% Ni (kt) Grade Metal Grade Metal Value (g/tAu) (Ozs) (g/tAu) (Ozs) (g/tAu) Moray Reef Measured 25,70