Rox Resources Ltd · ASX:RXL
Rox Resources — Shareholder Meeting (November 2023)
17 slides from Rox Resources's shareholder meeting presentation, Nov 29, 2023
Slide 1: Annual General Meeting 2023
1 Exploring and Developing the Youanmi Gold Project ROX RESOURCES LIMITED Annual General Meeting 2023 ASX: RXL Robert Ryan | Managing Director 29 November 2023 www.roxresources.com.au
Slide 2: Important Information and Disclaimer
2 ROX RESOURCES LIMITED Important Information and Disclaimer Forward-Looking Statements Competent Person Statements This presentation has been prepared by Rox Resources Limited (Rox or the Company) and is dated 29 Exploration Results November 2023. This presentation contains background information a
Slide 3: 2023 Achievements
3 ROX RESOURCES LIMITED 2023 Achievements Consolidation of Youanmi Gold Belt Improving Resource Confidence • Rox acquired 100% interest in the OYG and • Resource drilling results from Link 90% to 100% gold interests in the regional increase resource confidence and tenure highlight down plunge ex
Slide 4: 2024 Key Milestones
4 ROX RESOURCES LIMITED 2024 Key Milestones Resource Model Update Q1 2024 • Resource model update nearing completion • Re-interpretation of the resource model based on historical records and new drilling data • Link shaping up as an adjacent lode to the Youanmi Main Zone and close to existing underg
Slide 5: Project Location
5 ROX RESOURCES LIMITED Project Location • Youanmi Gold Project located approximately 480km northeast of Perth and Mt Fisher – Mt Eureka Gold Project approximately 140km southeast of Wiluna Jundee (5Moz) Meekatharra Mt Fisher – Mt Eureka • Located in the central part of the Youanmi Greenstone Belt,
Slide 6: Corporate Information
6 ROX RESOURCES LIMITED Corporate Capital Structure Current Pro-Forma1 Information Shares on Issue 360.0m 369.4m1 Share Price (at 28/11/2023) $0.19 $0.19 Market Capitalisation (at 28/11/2023) A$68.4m A$70.2m Rox Resources Limited (ASX: RXL) is a West Australian Unlisted Options 15.8m 15.8m focused g
Slide 7: Building Resource Confidence – Near Mine Exploration
7 ROX RESOURCES LIMITED Building Resource Confidence – Near Mine Exploration Limited Near-Mine Exploration Current Resource Statement – April 20221 Kurrajong / United Hill Kurrajong / Rebel Kathleen Main Pit Bunker Rebel North End Kathleen United North Hill End Link Resource Tonnes Au Grade Au Metal
Slide 8: Link High-Grade Drilling Results
8 ROX RESOURCES LIMITED Link High-Grade Drilling Results Resource Development Drilling • Drilling at Link intersecting thick, high-grade mineralisation with several standout intercepts: o RXDD058: 6.53m @ 10.31g/t Au o RXDD059: 8.25m @ 8.54g/t Au o RXDD076: 4.26m @ 9.67g/t Au o RXDD088: 24.43m @ 12.
Slide 9: Youanmi Underground
9 ROX RESOURCES LIMITED Youanmi Underground Youanmi Underground Overview Off-setting Faults • Refers to the underground lodes mined by Gold Mines of Australia Limited during the 1990’s. Above this lies the pre- 1942 underground workings that contain remnant pillars left for structural support • Shea
Slide 10: Exploration Growth Strategy
10 ROX RESOURCES LIMITED Exploration Growth Strategy Rox’s Project Pipeline Target Prospect Prospect Resource Mining Generation Definition Testing Definition Feasibility Youanmi Near Mine Grace Bunker North Midway Youanmi Granite Plant Zone Youanmi Youanmi Far Paddy’s Lode South Commonwealth Pincher
Slide 11: Near Mine Discoveries – Midway & Paddy's
11 ROX RESOURCES LIMITED 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
Slide 12: Near Mine - IP Survey Follow Up
12 ROX RESOURCES LIMITED Near Mine - IP Survey Follow Up L1060N L1400N L1200N L1600N IP Survey Results • Induced polarisation (IP) geophysical survey defines multiple bedrock targets within close proximity to the Youanmi deposit: 1. Target 1 – Bunker North 3. Target 3 and 4 – Paddy’s Lode 2. Target
Slide 13: Regional Advanced Projects
13 ROX RESOURCES LIMITED Regional Advanced Projects Currans Find Gold Project • 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 o CFRC031: 4m @ 18.59g/t Au from 108m o CFRC084: 3m @
Slide 14: Greenfields Exploration
14 ROX RESOURCES LIMITED Greenfields Exploration Penny South Project Area • Newly defined gold and lithium exploration targets located 50km south of the Youanmi Gold Project • Venus Metals Corporation has defined LCT pegmatites on E57/1078 (RXL 100% gold rights, VMC 100% non-gold mineral rights) o M
Slide 15: Potential Upside to Scoping Study
15 ROX RESOURCES LIMITED Potential Upside to Scoping Study Scoping Study (October 2022) Key Metrics (A$2,450/oz) Potential Upside – Resource Stope Optimisation Total Material Processed 3.9Mt @ 5.0g/t Au Annual Payable Metal 71koz pa Plant Throughput 480ktpa Processing Plant Layout All-In Sustaining
Slide 16: Why Invest in Rox Resources
16 ROX RESOURCES LIMITED Why Invest in Rox Resources Gold Stocks: Premium / Discount to Gold Price1 Record Gold Price • Significant valuation gap between gold miners and spot gold price1 Potential Scoping Study Upside • Leverage to record high AUD gold price (A$3,052/oz as at 28/11/2023) • Resource
Slide 17: THANK YOU
17 ROX RESOURCES LIMITED THANK YOU Level 2, 87 Colin Street, West Perth, WA 6005 (08) 9226 0044 admin@roxresources.com.au www.roxresources.com.au