Rox Resources Ltd · ASX:RXL
Rox Resources — RIU Sydney Resources Round Up 2024
22 slides from Rox Resources's conference presentation, May 9, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION ASX: RXL Robert Ryan | Managing Director 7 - 9 May 2024 ASX: RXL Exploring and Developing the High-Grade Youanmi Gold Project 1
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Important - you must read the following before continuing Past Performance The past performance and position of Rox included in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of Rox's views on
Slide 3: 2024 Key Milestones
2024 Key Milestones Resource Model Update Complete • 2.3Moz @ 4.4g/t demonstrates the high grade of the Youanmi Gold Deposit1 • Importantly, 48% increase in Underground Indicated Resource for feasibility studies • Link shaping up as an adjacent lode to the Youanmi Main Zone and close to existing und
Slide 4: Project Location
Project Location • Youanmi Gold Project located approximately 480km northeast of Perth and Mt Fisher – Mt Eureka Gold Project approximately 140km southeast of Wiluna • Located in the central part of the Youanmi Greenstone Belt, which is situated in the Southern Cross Province of the Archaean Yilgarn
Slide 5: Corporate Information
Corporate Capital Structure Shareholders Information Venus ASX Code RXL 16.67% Metals Shares on Issue 369.4m 9.99% Hawke’s Rox Re s ource s Limite d (AS X: RXL) is a West Aus tra lia n Share Price (at 02/05/2024) $0.175 Point focus e d gold e xplora tion a nd de ve lopme nt Compa ny. It is the Marke
Slide 6: Entitlements offer
Entitlements offer Key Terms • 1-for-8 pro rata non-renounceable entitlement offer to raise up to $7.62 million (before costs) • Offer price of $0.165 per share represents a 24% discount to the 7-day vwap before announcement • Eligible shareholders will also receive one free attaching option for eve
Slide 7: Resource Overview
Resource Overview Indicated Inferred Total Cut-off Category Grade Tonnes Au Au Au Tonnes Grade Au Au Tonnes Grade Au (g/t) Grade Metal Metal Metal (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) Open Pit 0.5 5.1 2.8 458 1.4 2.4 108 6.5 2.7 565 Underground 2.5 5.6 6.1 1,103 4.1 4.8 633 9.7 5.5 1,7
Slide 8: Significant Increase in Resource Confidence
Significant Increase in Resource Confidence Current Resource Statement – January 20241 Indicated Resource Growth Since Acquisition1 Underground Indicated Resource increased by 48%, providing (Koz) Tonnes Au Grade Au Metal strong platform for potential Resource Statement January 2024 improvements in
Slide 9: Ounces per Vertical Metre
Ounces per Vertical Metre • The top ~400m of the resource contains over 4,000oz per vertical metre • High grade areas of the Pollard resource remain undrilled at depth (OVM) highlighting the high-grade nature of the deposit • OVM’s decrease with depth due to a lack of drilling ASX: RXL 9
Slide 10: Pre-Feasibility Study (PFS) Timeline
Pre-Feasibility Study (PFS) Timeline Q1 2024 Q2 2024 PFS Timeline Jan – Mar 24 Apr – Jun 24 Mineral Resource Updates Mine Planning Hydrology & Hydrogeology Environmental Study 5 Metallurgical 6 Ore Processing 7 Non-Processing Infrastructure 8 Financial Model 9 Study Completion ASX: RXL 10
Slide 11: Metallurgical Test-work Underway
Metallurgical Test-work Underway From Rox’s testwork and historic performance, simplified metallurgy is as follows: • Historical production shows consistent concentrate production of >40g/t gold in concentrate with ~2% As 1 • Test-work confirms conventional floatation produces a high-grade, low arse
Slide 12: Exploration Growth Strategy
Exploration Growth Strategy Rox’s Project Pipeline Target Prospect Prospect Resource Mining Generation Definition Testing Definition Feasibility Youanmi Resource 2.3Moz Au @ 4.4g/t Au Youanmi Near Mine Link/Main lode Bunker North Midway Youanmi Project Youanmi Pollard Area Youanmi Far Deposits Paddy
Slide 13: Exploration Targets
Exploration Targets Long-Section of Youanmi Lodes along the Granite/Greenstone contact showing the current classified resource area, and the area estimated for the Exploration Target Exploration Targets1 Target Tonnage Grade Au Ounce Au Area Range Range Range 1.0Mt to 5.3 g/t to 193Koz to Kathleen 1
Slide 14: Link and Main Lode Resource
Link and Main Lode Resource Link Schematic Cross-Section Main Lode Schematic Cross-Section A A’ B B’ Notes: 1. Refer to ASX Announcement on 30 January 2024 ASX: RXL 14
Slide 15: Near Mine Discoveries – Midway & Paddy's
Near Mine Discoveries – Midway & Paddy’s Midway & Paddy’s Discoveries • Newly defined exploration targets located within 300m of the Youanmi Main Lode • Paddy’s Results: o RXRC458: 28m @ 34.81g/t Au from 204m o RXDD080: 5.70m @ 8.26g/t Au from 233.30m, Midway Long Section o RXDD095: 5.08m @ 9.56g/t
Slide 16: Regional Advanced Projects
Regional Advanced Projects Currans Find Gold Project A’ A • Located 20km south of Youanmi • Significant historical intercepts at Currans Find include: o CFRC026: 3m @ 32.58g/t Au from 115m o CFRC016: 3m @ 27.50g/t Au from 39m B o CFRC031: 4m @ 18.59g/t Au from 108m B’ A’ o CFRC084: 3m @ 19.58g/t Au
Slide 17: Penny South - Lithium Exploration
Penny South - Lithium Exploration Penny South Project Area • Newly defined lithium exploration targets located 50km south of the Youanmi Gold Project • Identified large-scale lithium soil anomaly of >100ppm Li2O, extending over a +10km strike on Rox’s 100%- owned tenure, located along strike to the
Slide 18: Mt Fisher – Mt Eureka Project (Non-Core Asset)
Mt Fisher – Mt Eureka Project (Non-Core Asset) Project Overview • 1,150km2 ground position in one of the least explored greenstone belts in the prolific Yilgarn Craton • Located immediately along strike of Cannon Resources’ nickel deposits (237kt of Ni at 1.8% Ni) with the host ultramafic unit exten
Slide 19: Why Invest in Rox Resources
Why Invest in Rox Resources Record • Significant valuation gap between gold miners and Gold Price spot gold price1 Gold Stocks: Premium / Discount to Gold Price1 • One of the highest-grade undeveloped gold Strong deposits in a Tier-1 mining jurisdiction with a total resource of 2.3Moz at 4.4 g/t Au
Slide 20: Appendix – Comparable Companies
Appendix 1 – Comparable Companies Companies selected are considered comparable to Rox Resources as they are Western Australian gold explorers or developers that have market capitalization less than A$250m at 2 May 2024, and their resource data excludes overseas assets Measured Resources - 100% Indic
Slide 21: Appendix – ASX Announcements
Appendix 2 – ASX Announcements Relevant RXL’s ASX Announcements • ASX Announcement on 17 April 2019 – “Rox Confirms Mineral Resource Estimate and Near Surface Historic Drilling at Youanmi Gold Project” • ASX Announcement on 13 June 2019 – “Currans Find Joint Venture Gold Project High Grade Gold Valu
Slide 22: Thank You
THANK YOU Level 2, 87 Colin Street, West Perth, WA 6005 (08) 9226 0044 a dmin@roxre s ource s .com.a u www.roxre s ource s .com.a u ASX: RXL 22