ROX RESOURCES LIMITED — Capital/Financing Update 2021

Oct 18, 2021

ASX ANNOUNCEMENT

19 October 2021

Link Prospect Continues to Grow, Youanmi Gold Project

RRL1786D

Highlights:

• Known high-grade mineralisation extended at the Link Prospect with high-grade drill intercepts received from 200m down plunge of the existing resource envelope
• Exceptional grades demonstrate strong continuity of previously intersected high-grade mineralisation at Link
• Latest high-grade gold intercepts received from resource drilling at Link include:
  • RXRC412: 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m.
  • RXDD030: 0.5m @ 77.49g/t Au from 277.8m and 0.75m @ 19.66g/t Au from 270.9m
  • RXDD019: 1m @ 11.05g/t Au from 389m
  • RXDD021: 0.7m @ 11.06g/t Au from 289.35m
• These results indicate that the Link Prospect (among other prospects) is likely to deliver strong increases to the Youanmi mineral resource estimate (June 2021 resource: 1.7Moz at 2.85g/t Au)
• Results are pending for 22 RC and 17 diamond holes at Youanmi. Drilling is ongoing.
• 424 aircore holes for 22,337m of exploration drilling completed on Regional Joint Venture tenements. Assays pending for all holes.

___________________________________________________________

West Australian focused gold exploration and development company, Rox Resources Limited ("Rox" or "the Company") (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX: VMC), is pleased to provide an update on drill results from the Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area (Rox 70% and Manager, VMC 30%).

Drilling continues at Youanmi, with diamond and RC rigs operating at the OYG JV.

Highlights of this round of results are 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m intersected in RXRC412, 0.5m @ 77.49g/t Au from 277.8m and 0.75m @ 19.66g/t Au from 270.9m intersected in RXDD030 and 1m @ 11.05g/t Au from 389m intersected in RXDD019. (Table 1, Figure 1).

ROX RESOURCES LIMITED

ASX: RXL

Rox Resources Limited (ASX: RXL) is an Australian listed company with advanced gold projects in Western Australia: the Youanmi Gold Project and the Mt Fisher Gold project.

DIRECTORS

Mr Stephen Dennis Chairman

Mr Alex Passmore Managing Director

Dr John Mair Non-Executive Director

Shares on Issue	157.6m
Share Price	$0.38
Market Cap.	$59.9m
Cash & Receivables	$15.0m
(incl $3.1m
receivable, cash as
at 30 Jun 2021)

Level 2, 87 Colin Street, West Perth WA 6005

+61 8 9226 0044

admin@roxresources.com.au www.roxresources.com.au

Follow Rox:

Managing Director Alex Passmore commented: "We continue to see excellent drill results from the current program at Youanmi. These latest assays deliver an expansion of the mineralised zone at the Link Prospect adding further confidence to the potential for resource additions in this key area located in close proximity to existing underground workings."

RXDD019 extends a zone of high-grade mineralisation more than 200m from the current resource and highlights the extensive down-plunge continuity of high-grade ore zones. RXDD021 indicates that the mineralised structure continues down-plunge with drilling around this zone likely to see increases in gram metre results.

RXRC412 and RXDD030 were successfully targeted to expand the high-grade resource envelope to the north and down plunge.

Resource Growth at Link Prospect

Drilling is focussed on growing the recently reported resource inventory at Youanmi [1.7Moz at 2.85g/t Au (ASX: RXL 23 June 2021)] through resource extension and indicated resource conversion drilling in the near mine areas.

The results reported in this announcement demonstrate continuity of high-grade mineralisation at Link prospect for further increases to the Youanmi mineral resource (Figure 1).

The results include:

• RXRC412: 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m.
• RXDD030: 0.5m @ 77.49g/t Au from 277.8m and 0.75m @ 19.66g/t Au from 270.9m
• RXDD019: 1m @ 11.05g/t Au from 389m
• RXDD021: 0.7m @ 11.06g/t Au from 289.35m

The intersection in RXRC412 of 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m is approximately 80m northwest along strike of previously reported diamond hole RXDD018: 6.8m @ 11.98g/t Au from 264m, including 2m @ 37.65g/t Au from 269m and 4.9m @ 6.51g/t Au from 250m (ASX: RXL 22 July 2021). Intersections in RXDD019 of 1m @ 11.05g/t Au from 389m and RXDD021 of 0.7m @ 11.06g/t Au from 289.35m are approximately 80m northwest along strike and over 140m down dip (respectively) from previously reported diamond hole RXDD026: 7.25m @ 15.02g/t Au from 315.8m, including 2.9m @ 22.37g/t Au from 320.1m (ASX: RXL 9 September 2021).

Mineralisation at Link continues to remain open down plunge to the northwest and up dip to the southeast. The identification of high-grade mineralisation in extensional drilling continues to demonstrate the potential for further resource growth.

Results are pending for 22 RC and 17 diamond holes. Drilling is ongoing.

Regional Aircore Drilling

A total 424 holes for 22,337m of aircore drilling was completed during August and September on Youanmi Regional Joint Venture tenements (Rox 50% and Manager, VMC 50%). This first phase of drilling was designed to test interpreted west-northwest trending secondary structures in the corridor between the Youanmi and the Penny West gold deposits. Targets included numerous demagnetised zones and untested helicopter-borne time-domain electromagnetic conductors over an 18km strike continuation of the Youanmi Shear Zone. Importantly, aircore drilling penetrated well beyond the depths of historical RAB drilling, effectively testing the in-situ regolith beneath transported cover sequences; concluding that historical RAB drilling would have been a largely ineffective exploration tool in these areas.

Assays remain pending for all holes.

ASX CODE: RXL

E: admin@roxresources.com.au www.roxresources.com.au

Figure 1: Link target area long section*.*

Authorised for release to the ASX by the Board of Rox Resources Limited.

*** ENDS ***

For more information:

Alex Passmore Managing Director Rox Resources Limited Tel: +61 8 9226 0044 E: admin@roxresources.com.au Matt Hogan Managing Director Venus Metals Corporation Limited Tel: +61 8 9321 7541

Hole ID	Prospect	Drill type	From	to	Interval	Au g/t	Au g.m
RXRC403	Bunker	RC	160	161	1	10.55	10.55
RXRC403	Bunker	RC	177	179	2	1.06	2.11
RXRC403	Bunker	RC	227	228	1	1.2	1.2
RXRC403	Bunker	RC	245	247	2	1.19	2.37
RXRC404	Kathleen	RC	196	200	4	0.62	2.48
RXRC404	Kathleen	RC	236	240	4	1.6	6.4
RXRC412	Link	RC	249	257	8	6.24	49.9
Including			250	253	3	12.1	36.3
RXDD015	Junction	DD	186	190	4	0.68	2.73
RXDD015	Junction	DD	266.86	270.29	3.43	0.9	3.08
RXDD015	Junction	DD	298.1	300	1.9	1.88	3.57
RXDD019	Link	DD	378.28	380.45	2.17	1.52	3.29
RXDD019	Link	DD	389	390	1	11.06	11.06
RXDD019	Link	DD	419	423.5	4.5	0.68	3.06
RXDD019	Link	DD	444.7	446.2	1.5	1.83	2.75
RXDD019	Link	DD	472.3	475.94	3.64	1.11	4.05
RXDD021	Link	DD	289.35	290.05	0.7	11.06	7.74
RXDD023W1	Junction	DD	307.18	308.27	1.09	30.19	32.9
RXDD030	Link	DD	270.9	271.65	0.75	19.66	14.74
RXDD030	Link	DD	277.8	278.3	0.5	77.49	37.97

Table 1 – Significant Intersections

Table 2 - Collar Locations and Drilling Details

Hole ID	Prospect	Drill Type	East	North	RL	Depth	Dip	Azi	Comments
RXRC403	Bunker	RC	679741	6833084	458	276	-50	245
RXRC404	Kathleen	RC	678995	6834852	468	240	-60	65
RXRC405	Junction	RC	679784	6833549	456	294	-62	63	Assays pending
RXRC406	Link	RC	679261	6834475	467	264	-60	65	Assays pending
RXRC407	Link	RC	679257	6834513	467	254	-60	65	Assays pending
RXRC411	Link	RC	679268	6834587	468	240	-62	66	Assays pending
RXRC412	Link	RC	679203	6834574	466	270	-60	65
RXRC413	Link	RC	679299	6834576	467	200	-59	65	Assays pending
RXRC414	Link	RC	679230	6834547	467	270	-59	65	Assays pending
RXRC415	YM Mine Lode	RC	679556	6834138	482	294	-57	54	Assays pending
RXRC416	YM Mine Lode	RC	679596	6834125	479	280	-58	60	Assays pending
RXRC417	YM Mine Lode	RC	679596	6834125	479	240	-52	60	Assays pending
RXRC418	YM Mine Lode	RC	679483	6834179	482	312	-60	63	Assays pending
RXRC419	YM Mine Lode	RC	679518	6834219	480	252	-60	58	Assays pending
RXRC420	YM Mine Lode	RC	679672	6834139	474	222	-73	65	Assays pending

Hole ID	Prospect	Drill Type	East	North	RL	Depth	Dip	Azi	Comments
RXRC421	YM Mine Lode	RC	679695	6834098	470	200	-63	61	Assays pending
RXRC422	YM Mine Lode	RC	679701	6834084	468	200	-54	61	Assays pending
RXRC423	YM Mine Lode	RC	679623	6833960	473	240	-50	58	Assays pending
RXRC424	YM Mine Lode	RC	679609	6833999	472	270	-52	60	Assays pending
RXRC425	Link	RC	679176	6834607	467.7	306	-60	65	Assays pending
RXRC426	Link	RC	679142	6834576	467.4	294	-59	64	Assays pending
RXRC427	Link	RC	679200	6834573	467	290	-69	73	Assays pending
RXRC428	Link	RC	679179	6834463	465	306	-60	65	Assays pending
RXRC429	Link	RC	679225	6834544	467	290	-68	70	Assays pending
RXDD013	Junction	DD	679572	6833456	460	630.4	-63	61	Assays pending
RXDD015	Junction	DD	679893	6833276	457	429	-63	62
RXDD019	Link	DD	678935	6834350	468	548	-61	58
RXDD021	Link	DD	679104	6834517	466	327	-62	62
RXDD023	Junction	DD	679784	6833355	458	706	-63	58	Assays pending
RXDD023W1	Junction	DD	679784	6833355	458	510	-63	58
RXDD027	YM Deeps	DD	679222	6833800	461	617.8	-64	60	Assays pending
RXDD028	Link	DD	679157	6834527	467	351.8	-65	65	Assays pending
RXDD029	Link	DD	679105	6834603	467	315.9	-65	65	Assays pending
RXDD030	Link	DD	679144	6834450	465	340	-63	62	Assays pending
RXDD031	YM Mine Lode	DD	679515	6834109	482	324.7	-60	57	Assays pending
RXDD032	YM Mine Lode	DD	679561	6833996	477	286.9	-58	57	Assays pending
RXDD033	YM Mine Lode	DD	679532	6834042	481	330.6	-62	56	Assays pending
RXDD034	YM Mine Lode	DD	679598	6833908	475	320.09	-62	57	Assays pending
RXDD035	YM Mine Lode	DD	679593	6833928	476	126	-66	56	Abandoned
RXDD036	YM Mine Lode	DD	679559	6834004	477	342.2	-65	57	Assays pending
RXDD037	YM Mine Lode	DD	679595	6833884	477	311.57	-55	57	Assays pending
RXDD038	YM Mine Lode	DD	679605	6833853	478	323.1	-60	54	Assays pending
RXDD039	Link	DD	679067	6834465	467	408	-69	59	Assays pending
RXDD040	YM Mine Lode	DD	679536	6833977	480	354.85	-61	70	Assays pending
RXDD041	YM Mine Lode	DD	679593	6833928	476	204	-74	55	Abandoned
RXDD043	Link	DD	679126	6834409	465	394.5	-61	65	Assays pending
RXDD044	Link	DD	679099	6834381	465	408.2	-64	68	Assays pending

Table 2 - Collar Locations and Drilling Details (continued)

Competent Person Statements

Exploration Results

The information in this report that relates to Data and Exploration Results is based on information compiled and reviewed by Mr Gregor Bennett a Competent Person who is a Member of the Australian Institute Geoscientists (AIG) and Exploration Manager at Rox Resources. Mr Bennett has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Bennett consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Where reference is made to previous releases of exploration results in this announcement, the Company confirms that it is not aware of any new information or data that materially affects the information included in those announcements and all material assumptions and technical parameters underpinning the exploration results included in those announcements continue to apply and have not materially changed.

The information in this report that relates to previous Exploration Results, was either prepared and first disclosed under the JORC Code 2004 or under the JORC Code 2012 and has been properly and extensively cross-referenced in the text to the date of the original announcement to the ASX. In the case of the 2004 JORC Code Exploration Results and Mineral Resources, they have not been updated to comply with the JORC Code 2012.

Resource Statements

The information in this report that relates to gold Mineral Resources for the Youanmi Project was reported to the ASX on 23 June 2021 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 23 June 2021, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 23 June 2021 continue to apply and have not materially changed.

The information in this report that relates to gold Mineral Resources for the Mt Fisher project was reported to the ASX on 11 July 2018 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 11 July 2018, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 11 July 2018 continue to apply and have not materially changed.

Forward‐Looking Statements

This document may include forward‐looking statements. Forward‐looking statements include, but are not limited to, statements concerning Rox Resources Limited planned exploration program(s) and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may", "potential," "should," and similar expressions are forward looking statements.

About Rox Resources

Rox Resources (ASX:RXL) is a West Australian focused gold exploration and development company. It is 70 per cent owner and operator of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth, and wholly-owns the Mt Fisher Gold project approximately 140 kilometres southeast of Wiluna. Youanmi has a Total Mineral Resource of 1,656 koz of contained gold, with potential for further expansion with the integration of existing prospects into the Resource and further drilling. Youanmi was a high-grade gold mine and produced 667,000ozof gold (at 5.47 g/t Au) before it closed in 1997. Youanmi is classified as a disturbed site and is on existing mining leases which has significant existing infrastructure to support a return to mining operations.

Criteria	JORC Code explanation	Commentary
Samplingtechniques	Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industry standardmeasurement tools appropriate to the minerals underinvestigation, such as down hole gamma sondes, orhandheld XRF instruments, etc). These examplesshould not be taken as limiting the broad meaning ofsampling.	RC hole diameter was 5.5" (140 mm) reverse circulationpercussion (RC). Sampling of RC holes was undertaken bycollecting 1m cone split samples at intervals.Diamond drill hole core size is NQ2 size diameter throughthe mineralisation. Sampling of diamond holes was by cuthalf core as described further below.Drill holes were generally angled at -650 towards gridnortheast (but see Table for individual hole dips andazimuths) to intersect geology as close to perpendicular aspossible.
	Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used	Drillhole locations were picked up by differential GPS.Logging of drill samples included lithology, weathering,texture, moisture and contamination (as applicable).Sampling protocols and QAQC are as per industry bestpractice procedures.
	Aspects of the determination of mineralisation that areMaterial to the Public Report. In cases where 'industrystandard' work has been done this would be relativelysimple (e.g. 'reverse circulation drilling was used toobtain 1 m samples from which 3 kg was pulverised toproduce a 30 g charge for fire assay'). In other casesmore explanation may be required, such as wherethere is coarse gold that has inherent samplingproblems.Unusual commodities or mineralisationtypes (e.g. submarine nodules) may warrant disclosureof detailed information	RC drillholes were sampled on 1m intervals using a conesplitter.Diamond core is dominantly NQ2 size, sampled ongeological intervals, with a minimum of 0.2 m up to amaximum of 1.2 m. HQ and NQ2 holes were cut in half, withone half sent to the lab and one half retained.
		Samples were sent to Intertek Genalysis in Perth, crushedto 10mm, dried and pulverised (total prep) in LM5 units(Some samples > 3kg were split) to produce a sub-sample.RC and diamond pulps were analysed by 50g Fire Assaywith ICP-OES (Intertek code FA50/OE).
Drillingtechniques	Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)and details (e.g. core diameter, triple or standard tube,depth of diamond tails, face-sampling bit or other type,whether core is oriented and if so, by what method,etc).	Drilling technique was Reverse Circulation (RC)anddiamond core (DD). The RC hole diameter was 140mm facesampling hammer. Hole depths reported range from 200mto 300m for RC and 350m to 700m for diamond.
Drill samplerecovery	Method of recording and assessing core and chipsample recoveries and results assessed	RC drill recoveries were high (>90%).
	Measures taken to maximise sample recovery andensure representative nature of the samples	Samples were visually checked for recovery, moisture andcontamination and notes made in the logs.
	Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	There is no observable relationship between recovery andgrade, and therefore no sample bias.

JORC Table 1 - Section 1 Data and Sampling Techniques

Criteria	JORC Code explanation	Commentary
Logging	Whether core and chip samples have been geologicallyand geotechnically logged to a level of detail to supportappropriate Mineral Resource estimation, miningstudies and metallurgical studies.	Detailed geological logs have been carried out on all RC,but no geotechnical data have been recorded (or is possibleto be recorded due to the nature of the sample).Detailed geological and geotechnical logs were carried outon all diamond drill holes for recovery, RQD, structures etc.which included structure type, dip, dip direction, alphaangle, beta angle, texture, shape, roughness, fill material,and this data is stored in the database.The geological data would be suitable for inclusion in a
	Whether logging is qualitative or quantitative in nature.Core (or costean, channel, etc) photography.	Mineral Resource estimate.Logging of diamond core and RC chips recorded lithology,mineralogy, mineralisation, weathering, colour, and othersample features. RC chips are stored in plastic RC chiptrays.
	The total length and percentage of the relevantintersections logged	All holes were logged in full.
Sub-samplingtechniques andsamplepreparation	If core, whether cut or sawn and whether quarter, halfor all core taken.	Drill core was cut in half on site using a core saw. Allsamples were collected from the same side of the core,preserving the orientation mark in the kept core half.
	If non-core, whether riffled, tube sampled, rotary split,etc and whether sampled wet or dry.	RC samples were collected on the drill rig using a conesplitter. If any mineralised samples were collected wet thesewere noted in the drill logs and database.
	For all sample types, the nature, quality andappropriateness of the sample preparation technique.	The sample preparation followed industry best practice.Fire Assay samples were dried, coarse crushing to ~10mm,followed by pulverisation of the entire sample in an LM5 orequivalent pulverising mill to a grind size of 85% passing 75micron.
	Quality control procedures adopted for all subsampling stages to maximise representivity of samples.	Field QC procedures involve the use of Certified ReferenceMaterials (CRM's) as assay standards, along withduplicates and blank samples. The insertion rate of thesewas approximately 1:20.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for field duplicate/secondhalf sampling.	For RC drilling field duplicates were taken on a routine basisat an approximate 1:20 ratio using the same samplingtechniques (i.e. cone splitter) and inserted into the samplerun. No diamond core field duplicates were taken.
	Whether sample sizes are appropriate to the grain sizeof the material being sampled.	The sample sizes are considered more than adequate toensure that there are no particle size effects relating to thegrain size of the mineralisation which lies in the percentagerange.
Quality of assaydata andlaboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used and whetherthe technique is considered partial or total.	The analytical technique involved Fire Assay 50g.
	For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used in determiningthe analysis including instrument make and model,reading times, calibrations factors applied and theirderivation, etc.	No geophysical or portable analysis tools were used todetermine assay values stored in the database.

Criteria	JORC Code explanation	Commentary
	Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy (i.e.lack of bias) and precision have been established.	Internal laboratory control procedures involve duplicateassaying of randomly selected assay pulps as well asinternal laboratory standards. All of these data are reportedto the Company and analysed for consistency and anydiscrepancies.
Verification ofsampling andassaying	The verification of significant intersections by eitherindependent or alternative company personnel.	Senior personnel from the Companyhave visuallyinspected mineralisation within significant intersections.
	The use of twinned holes.	Two twin RC holes have been completed at the GraceProspect and confirm reliability of previous results.
	Documentation of primary data, data entry procedures,data verification, data storage (physical and electronic)protocols.	Primary data was collected using a standard set of Exceltemplates on Toughbook laptop computers in the field.These data are transferred to Geobase Pty Ltd for dataverification and loading into the database.
	Discuss any adjustment to assay data.	No adjustments or calibrations have been made to anyassay data.
Location of datapoints	Accuracy and quality of surveys used to locatedrillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.	Drill hole locations have been established using a field GPSunit.
	Specification of the grid system used.	The grid system is MGA_GDA94, zone 50 for easting,northing and RL.
	Quality and adequacy of topographic control.	The topography of the mined open pits is well defined byhistoric monthly survey pickups
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	RC and diamond drill hole spacing varies 40-200 metresbetween drill sections, with some areas at 40 metre drillsection spacing. Down dip step-out distance varies 20-100metres.
	Whether the data spacing and distribution is sufficientto establish the degree of geological and gradecontinuity appropriate for the Mineral Resource andOreReserveestimationprocedure(s)andclassifications applied.	Data spacing and distribution are sufficient to establish thedegree of geological and grade continuity appropriate forJORC(2012) classifications applied.
		No sample compositing has occurred for diamond coredrilling. Sample intervals are based on geologicalboundaries with even one metre samples between.
	Whether sample compositing has been applied.	For RC samples, 1m samples through target zones weresent to the laboratory for analysis. The remainder of the holewas sampled using 4m composite samples. For 4mcomposite samples >0.2g/t Au, 1m samples were collectedand sent to the laboratory for analysis.
Orientation ofdata in relationto geologicalstructure	Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to whichthis is known, considering the deposit type.	The mineralisation strikes generally NNW-SSE and dips tothe west at approximately -50 degrees. The drill orientationwas 065 and 245 degrees and -60 to -90 dip. Drilling isbelieved to be generally perpendicular to strike.
	If the relationship between the drilling orientation andthe orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	No sampling bias is believed to have been introduced.

Criteria	JORC Code explanation	Commentary
Sample security	The measures taken to ensure sample security.	Sample security is managed by the Company. Afterpreparation in the field samples are packed into polyweavebags and despatched to the laboratory. For a large numberof samples these bags were transported by the Companydirectly to the assay laboratory. In some cases the samplewere delivered bya transport contractor the assaylaboratory. The assay laboratory audits the samples onarrival and reports any discrepancies back to the Company.No such discrepancies occurred.
Audits orreviews	The results of any audits or reviews of samplingtechniques and data.	No audits have yet been completed.

JORC Table 1 - Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral tenementand land tenurestatus	Type, reference name/number, location and ownershipincluding agreements or material issues with thirdparties such as joint ventures, partnerships, overridingroyalties,nativetitleinterests,historicalsites,wilderness or national park and environmental settings.	Rox Resources Ltd is in a Joint Venture Agreement withVenus Metals Corporation Ltd under which it has a 70%interest in the Youanmi Gold Mine Joint Venture (OYG JointVenture).Tenements in the JV consist of the following mining leases:M 57s /10, 51,76,97,109, 135, 160A, 164, 165, 166 and 167.
	The security of the tenure held at the time of reportingalong with any known impediments to obtaining alicence to operate in the area.	The tenement isin good standing and no knownimpediments exist.
Exploration doneby other parties	Acknowledgment and appraisal of exploration by otherparties.	Significant previous exploration has been carried outthroughout the project by various companies, includingAC/RAB, RC drilling and diamond drilling1971-1973 WMC: RAB, RC and surface diamond drilling1976Newmont:10surfacediamonddrillholes(predominantly targeting base metals).1980-1986 BHP: RAB, RC and surface diamond drilling(predominantly targeting base metals).1986-1993 Eastmet: RAB, RC and surface diamond drilling.1993-1997 Goldmines of Australia: RAB, RC and surfacediamond drilling. Underground mining and associatedunderground diamond drilling.2000-2003 Aquila Resources Ltd: Shallow RAB and RCdrilling2004-2005 Goldcrest Resources Ltd: Shallow RAB and RCdrilling; data validation.2007- 2013 Apex Minerals NL: 9 diamond holes targetingextensions to the Youanmi deeps resource.

Criteria	JORC Code explanation	Commentary
Geology	Deposittype,geologicalsettingandstyleofmineralisation.	The Youanmi Project straddles a 40km strike length of theYouanmi Greenstone Belt, lying within the Southern CrossProvince of the Archaean Yilgarn Craton in WesternAustralia. The greenstone belt is approximately 80km longand 25km wide, and incorporates an arcuate, north-trendingmajor crustal structure termed the Youanmi Fault Zone. Thisstructure separates two discordant greenstone terrains, withthe stratigraphy to the west characterised by a series ofweakly deformed, layered mafic complexes (Windimurra,Black Range, Youanmi and Barrambie) enveloped bystrongly deformed, north-northeast trending greenstones.Gold mineralisation is developed semi-continuously in shearzones over a strike length of 2,300m along the westernmargin of the Youanmi granite.The Youanmi gold lodes are invariably associated with a highpyrite and arsenopyrite content and the primary ore ispartially to totally refractory.There are a series of major fault systems cutting through theYouanmi trend mineralisation that have generated somesignificant off-sets.The Youanmi Deeps project area is subdivided into threemain areas or fault blocks by cross-cutting steep south-easttrending faults; and these are named Pollard, Main, and HillEnd from south to north respectively.Granite hosted gold mineralisation occurs at several sites,most notably Grace and the Plant Zone Prospects. Goldmineralization occurs as free particles within quartz-sericitealtered granite shear zones.The Commonwealth-Connemarramineralised trend iscentred 4km northwest of the Youanmi plant. The geologycomprises a sequence of folded mafic and felsic volcanicrocks intercalated with BIF and intruded by granite along theeastern margin. Gold mineralisation is developed over a600m strike length, associated with a north trending andsteeply west dipping shear zone that traverses the northwesttrending succession.
Drill holeInformation	A summary of all information material to theunderstanding of the exploration results including atabulation of the following information for all Material drillholes:•easting and northing of the drill hole collar•elevation or RL (Reduced Level – elevationabove sea level in metres) of the drill holecollar•dip and azimuth of the hole•down hole length and interception depth•hole length.	Refer to drill results Table/s and the Notes attached thereto.
Data aggregationmethods	In reporting Exploration Results, weighting averagingtechniques,maximumand/orminimumgradetruncations (e.g. cutting of high grades) and cut-offgrades are usually Material and should be stated.	All reported assay intervals have been length weighted. Notop cuts have been applied. A lower cut-off of 0.5g/t Au wasapplied for RC and diamond core.
	Where aggregate intercepts incorporate short lengths ofhigh-grade results and longer lengths of low-graderesults, the procedure used for such aggregation shouldbe stated and some typical examples of suchaggregations should be shown in detail.	Mineralisation over 0.5g/t Au has been included inaggregation of intervals for RC and diamond core.

Criteria	JORC Code explanation	Commentary
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	No metal equivalent values have been used or reported.
Relationshipbetweenmineralisationwidths andintercept lengths	These relationships are particularly important in thereporting of Exploration Results.If the geometry of the mineralisation with respect to thedrill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths arereported, there should be a clear statement to this effect(e.g. 'down hole length, true width not known').	The mineralisation strikes generally NNW-SSE and dips tothe west at approximately -50 degrees. The drill orientationwas 065 and 245 degrees and -60 to -90 dip. Drilling isbelieved to be generally perpendicular to strike. Given theangle of the drill holes and the interpreted dip of the hostrocks and mineralisation (see Figures in the text), reportedintercepts approximate true width.
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These shouldinclude, but not be limited to a plan view of drill holecollar locations and appropriate sectional views.	Refer to Figures and Table in the text.
Balancedreporting	Where comprehensive reporting of all ExplorationResults is not practicable, representative reporting ofboth low and high grades and/or widths should bepracticed to avoid misleading reporting of ExplorationResults.	Representative reporting of both low and high grades andwidths is practiced.
Othersubstantiveexploration data	Other exploration data, if meaningful and material,should be reported including (but not limited to):geological observations; geophysical survey results;geochemical survey results; bulk samples – size andmethod of treatment; metallurgical test results; bulkdensity,groundwater,geotechnicalandrockcharacteristics; potential deleterious or contaminatingsubstances.	All meaningful and material information has been included inthe body of the announcement.
Further work	The nature and scale of planned further work (e.g. testsfor lateral extensions or depth extensions or large-scalestep-out drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geological interpretationsand future drilling areas, provided this information is notcommercially sensitive	Further work (RC and diamond drilling) is justified to locateextensions to mineralisation both at depth and along strike.