Rox Resources Ltd · ASX:RXL
Rox Resources — Resources Rising Stars 2024
20 slides from Rox Resources's conference presentation, September 2024
Slide 1: Investor Presentation – Resources Rising Stars
Investor Presentation Resources Rising Stars September 2024 ASX: RXL
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements Competent Person Statements This presentation contains background information about Rox current at the date of this presentation (unless otherwise indicated). The information in this presentation is in summary form and does not purport
Slide 3: Youanmi Highlights
Youanmi Highlights High-grade, high-margin underground gold project with compelling economics and potential for significant further upside High-Grade • High-Grade Maiden Probable Ore Reserve estimate of Maiden Ore 3.8Mt @ 4.4 g/t Au for 546koz Reserve • Total Mineral Resource estimate of 16.2Mt @ 4.
Slide 4: Corporate Information
Corporate Capital Structure Shareholders Information Venus Metals ASX Code RXL 15.59% Shares on Issue 408.7m 9.99% Hawke’s Rox Re s ource s Limite d (AS X: RXL) is a West Aus tra lia n Share Price (at 29/8/2024) A$0.135 Point focus e d gold e xplora tion a nd de ve lopme nt Compa ny. It is the Marke
Slide 5: Project Location
Project Location • Youanmi Gold Project located approximately 480km northeast of Perth and Mt Fisher – Mt Eureka Gold Project approximately 140km southeast of Wiluna • Located in the central part of the Youanmi Greenstone Belt, which is situated in the Southern Cross Province of the Archaean Yilgarn
Slide 6: High-Grade Mineral Resource Estimate
High-Grade Mineral Resource Estimate1 Cut-off Indicated Inferred Total Category Grade Tonnes Au Grade Au Metal Tonnes Au Grade Au Metal Tonnes Au Grade Au Metal (g/t) (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) (Mt) (g/t) (Koz) Open Pit 0.5 5.1 2.8 458 1.4 2.4 108 6.5 2.7 565 Underground 2.5 5.6 6.1 1,103 4.1
Slide 7: High-Grade Ore Reserve
High-Grade Ore Reserve1 Ore Reserve Tonnes (Mt) Grade (g/t Au) Contained Ounces (koz) Proved Underground Ore Reserve 0.0 0.0 0.0 Probable Underground Ore Reserve 3.83 4.4 546 Total Underground Ore Reserve 3.83 4.4 546 Note: ASX: RXL 7 1. Refer to ASX announcement titled ‘Youanmi Gold Project – Posit
Slide 8: PFS Highlights
PFS Highlights A High Margin, Long Life Gold Project Gold Production (koz) and FCF ($‘000) 800 $1,600 700 $1,400 Mine life 7.7year, 786koz Produced Average production of 103kozpa 600 $1,200 Ounces (“000) 500 $1,000 Strong FCF: A$194Mpa Cash flow (‘000) 400 $800 Post construction at current spot pric
Slide 9: Low All-In Sustaining Cost
Low All-In Sustaining Cost LOM C1 Cash Cost and AISC Breakdown1 AISC Peer Comparison2 ($/oz) ($/oz) Horizon Gold Barton Gold Black Cat (Paulsens) Saturn Metals Board and Management Meeka Metals Rox Resources $1,676 Astral Resources Ausgold 0 500 1,000 1,500 2,000 Notes: 1. C1 cash cost and AISC are
Slide 10: Capital Requirement
Capital Requirement Attractive Value Proposition Pre-Production Capital Costs A$m Base Case $3,100/oz Site Infrastructure 22 $486m Processing Facilities 150 2.0x $322m Tailings Storage Facility 4 $263m $245m value Gap Underground Development 39 5.5x $59m Commissioning costs – net 15 Youanmi Gold Pro
Slide 11: Sensitivity Analysis
Sensitivity Analysis Project NPV (unleveraged and post-tax) Sensitivity Analysis1 Scenario Analysis – Various Gold Price Assumptions ($m) Base Case Gold Price Gold Price (+/-10%) $209 $435 Unit $2,900 $3,100 $3,300 $3,500 $3,700 (A$/oz) NPV8 (pre-tax) $m 382 486 590 694 797 Opex (+/-10%) $266 $379 I
Slide 12: Production Target
Production Target Life of Mine Ounces Mined and AISC Ounces Mined (koz) AISC $/oz 140 2,800 130 Indicated Inferred AISC 120 2,400 110 100 2,000 90 Board 80 and Management 1,600 70 60 1,200 50 40 800 30 20 400 10 0 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Notes: 1. Ounces mine
Slide 13: Processing
Processing Simple flowsheet to produce gold doré averaging 103koz per annum Albion Process TM The Albion ProcessTM has significant advantages for sulphide gold projects: • Lower capital cost relative to other oxidation methods; • Quick, simple testwork and design process, rapid commissioning; • Low
Slide 14: Next Steps
Next Steps Resource Development • Infill drilling targeting conversion of Inferred resources to Indicated resources Near-mine Exploration • Drill near-mine exploration targets of 1.1Moz to 1.8Moz • Potential to significantly increase the scale of the Youanmi Gold Project Progress Definitive Feasibil
Slide 15: Up-coming Drill Program
Up-coming Drill Program • +10,000m Drill program approved for Resource Definition & Growth and Exploration Drilling • Resource Definition drilling to target inferred stopes in the current mine plan and has the potential to add additional ounces in undrilled areas of the resource • Resource Drilling
Slide 16: Significant Upside Potential
Significant Upside Potential • Paddy’s extensional drilling has the potential to grow the resource and the potential production profile • ~400m corridor between Paddy’s and Pollard with limited drilling below 100m depth • Huge upside potential to expand upon the high-grade extensions of Pollard and
Slide 17: Investment Highlights
Investment Highlights High-Grade • High-Grade Maiden Ore Reserve declared 546koz @4.4 g/t • Mineral Resource of 2.3Moz @4.4 g/t demonstrates the high- Resource grade nature of the Youanmi Gold Project Resource Growth • Mineral Resource open down dip and along strike • Exploration targets of 1.1m oz
Slide 18: Appendix 1 – 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 capitalisation less than A$250m at 29 August 2024, and their resource data excludes overseas assets Measured Resources - 100% I
Slide 19: Appendix - Experienced Team
Appendix 2 - Experienced Team Geology and Geotechnical Hydrology and Mine Dewatering Mine Engineering Resource Estimation Hydrogeology Underground Underground Mining Metallurgical Metallurgical Mine Ventilation Infrastructure Costs Consulting Testwork Board and Management Process Site Power Non-Proc
Slide 20: 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