ROX RESOURCES LIMITED — Capital/Financing Update 2023

Oct 2, 2023

ASX Announcement 3 October 2023

ROX RESOURCES LIMITED

ASX: RXL

Rox Resources Limited is exploring and developing advanced gold assets in Western Australia: the Youanmi Gold Project and the Mt Fisher – Mt Eureka Gold project.

DIRECTORS

Mr Stephen Dennis Chairman

Mr Robert Ryan Managing Director

Dr John Mair Non-Executive Director

Matthew Hogan Non-Executive Director

Shares on Issue	360.0m
Share Price	$0.23
Market Cap.	$81.0m

Level 2, 87 Colin Street, West Perth WA 6005

+61 8 9226 0044

admin@roxresources.com.au

www.roxresources.com.au

Follow Rox:

Spectacular high-grade gold results delivered from Link

• o Link is a fast-developing strike extension to the historically mined lodes at Youanmi, and benefits from its proximity to established underground infrastructure.
• o Recent assay batch received from Youanmi resource development drilling at Link include:
  • o RXDD088: 24.43m @ 12.79g/t Au from 369.00m, incl:
  • 6.03m @ 25.01g/t Au from 372.97m, and:
  • 1.87m @ 28.65g/t Au from 383.13m, and:
  • 2.68m @ 36.51g/t Au from 390.75m
  • o RXDD092: 7.73m @ 3.12g/t Au from 366.90m, incl:
  • 4.10m @ 4.65g/t Au from 366.90m
  • o RXDD093: 3.89m @ 5.75g/t Au from 408.00m, incl:
  • 1.93m @ 9.21g/t Au from 409.96m, and:
  • 1.02m @ 29.88g/t Au from 425.45m
  • o RXDD096: 3.84m @ 9.13g/t Au from 412.51m, incl:
  • 2.15m @ 13.50g/t Au from 412.51m
• o These results strongly support Rox's agenda of moving resources at Link to a higher confidence category to support feasibility studies and to also demonstrate significant resource upside.
• o The consistency of the high-grade results received-to-date bodes well for future Resource updates as well as for potential depth extensions.
• o Further phase of RC drilling currently underway testing advanced near-mine targets and greenfield regional targets.

West Australian gold exploration and development company Rox Resources Limited ("Rox" or "the Company") (ASX: RXL) is pleased to report spectacular assay results received from resource development drilling at its flagship 100%-owned 3.2Moz Youanmi Gold Project, located near Mt Magnet in WA.

The assays are from the recently completed 28,507m (increased from 23,000m) resource development and near-mine exploration drilling program. Resource development drilling, which was

focused on the high-priority Link and Kathleen areas of the project, was designed to convert Inferred Resources to the higher confidence Indicated Resource classification. Results continue to confirm the substantial gold endowment of the Youanmi Project.

Drilling at Link was designed to target an upgrade of the Inferred Resource over a strike length of 460m and between 230m and 475m below surface. Assays received to date at Link have provided confidence in the geological interpretation and bode well for improving resource confidence as part of future resource updates, while also highlighting the down-dip potential of the ore zone that increasingly looks to be a significant strike extension to the historically mine lodes at Youanmi.

Managing Director Comments

Rox Resources' Managing Director, Mr Robert Ryan, said the final batch of drilling results from the resource definition drilling at Link reinforced the outstanding gold endowment of the Youanmi mineralised system and bode well for feasibility studies.

"The final batch of assay results from Link have proven to be some of the best yet, with a spectacular intercept of 24.43m at 12.79g/t reinforcing the high-grade nature of the Youanmi Gold Project.

"The latest campaign has defined Link down to ~475m below surface, with the mineralisation remaining open and no deeper drilling completely beyond this depth. Given that the Youanmi Main Lode, which sits just next door, has been intersected at depth of up to 970m below surface, we believe there is immense potential for the mineralisation at Link to continue at depth.

"Following our recent consolidation of tenure ownership over the broader high-grade Youanmi belt, drilling is also underway on regional targets that extend from north of Youanmi to south of the Penny West mine. Drilling is currently underway at Curran's Find and our near-mine targets at Youanmi South, with assay results expected in the coming weeks. "

Figure 1. Drilling in progress at the Youanmi Gold Project.

Resource Drilling Results

The diamond and Reverse Circulation (RC) drilling program at the Youanmi Project was completed on 11 June 2023 with a total of 28,507 metres drilled.

The resource development drilling focused on converting Inferred Resources to the Indicated Resources classification at the high-priority Link and Kathleen areas (Figure 2). This drilling is targeting high-grade mineralisation over a 460m strike length and to a depth of 475m below surface. The drilling was designed to delineate sufficient Indicated Resources for future feasibility studies, as well as to confirm the continuity of gold grades proximal to the current Indicated Resources.

Following the last ASX announcement (6 July 2023), assay results have now been received for the final four diamond tails. The resource definition drilling program is now complete with all assays now received (Figures 3 and 4).

The Link resource drilling continues to confirm the current interpretation with recent results showing greater than expected grade tenor of the deposit. The full list of significant results is shown in Table 2, with highlight drill intercepts for Link including:

• RXDD088: 24.43m @ 12.79g/t Au from 369.00m, incl:
  • 6.03m @ 25.01g/t Au from 372.97m, and:
  • 1.87m @ 28.65g/t Au from 383.13m, and:
  • 2.68m @ 36.51g/t Au from 390.75m
• RXDD092: 7.73m @ 3.12g/t Au from 366.90m, incl:
  • 4.10m @ 4.65g/t Au from 366.90m
• RXDD093: 3.89m @ 5.75g/t Au from 408.00m, incl:
  • 1.93m @ 9.21g/t Au from 409.96m, and:
  • 1.02m @ 29.88g/t Au from 425.45m
• RXDD096: 3.84m @ 9.13g/t Au from 412.51m, incl:
  • 2.15m @ 13.50g/t Au from 412.51m*: and*
  • 22.00m @ 1.32g/t Au from 533.00m, incl:
  • 1.22m @ 5.89g/t Au from 542.00m

With all the assay results now received, it is noted that a number of high-grade results from this in-fill and extensional drill program are positioned near the lower limit of the current resource below the historic United North pit, and to the north of the lower defined resource area below the historic Hill End pit, with intercepts including (Figure 4):

RXDD088:	24.43m @ 12.79g/t Au
RXDD052:	4.00m @ 14.85g/t Au; and
	1.73m @ 36.91g/t Au
RXDD078:	5.96m @ 5.34g/t Au
RXDD058:	6.53m @ 10.31g/t Au; and
	7.61m @ 8.20g/t Au
RXDD096:	3.84m @ 9.13g/t Au

Paddy's Lode

The section of the deposit below 125mRL beneath United North pit represents a strong opportunity to extend the resource area at depth in future drilling programs.

Figure 2. Plan view of proposed resource and exploration drilling at the Youanmi Gold Project.

ROX RESOURCES LIMITED 5 Level 2, 87 Colin Street, West Perth WA 6005 +61 8 9226 0044

Figure 3. Cross-section of RXDD088 and RXDD096 orientated perpendicular to the Youanmi Lodes. The results presented herein build confidence in the continuity of newly-defined gold lodes at Youanmi.

Figure 4. Long Section of the resource development drilling for the Link Area. Existing underground workings are located in close proximity to the strong gold mineralisation at Link.

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

*** ENDS ***

For more information:
Rob RyanManaging DirectorRox Resources Limited	Nicholas ReadInvestor RelationsRead Corporate
Tel: +61 8 9226 0044	Tel: 0419 929 046
E: admin@roxresources.com.au	E: info@readcorporate.com.au

Hole Id	Prospect	Drill Type	East	North	RL	Depth	Dip	Azi	Comments
		RC Pre-Collar	679028	6834314	461	186	-70	59	Assays Received
RXDD088	Link	Diamond Tail				472.1			Assays Received
		RC Pre-Collar	679118	6834266	461	150	-68	62	Assays Received
RXDD092	Link	Diamond Tail				439.2			Assays Received
		RC Pre-Collar	679162	6834186	461	126	-70	65	Reported 13/6/2023
RXDD093	Link	Diamond Tail				474.1			Assays Received
		RC Pre-Collar	679055	6834296	461	180	-75	61	Reported 13/6/2023
RXDD096	Link	Diamond Tail				583.2			Assays Received
RXRC487	YMS	RC Only	680334	6833023	456	240	-60	90	Assays Received
RXRC488	YMS	RC Only	680502	6833007	456	260	-60	90	Assays Received
RXRC489	YMS	RC Only	680414	6833023	456	100	-58	90	Assays Received
RXRC490	YMS	RC Only	680374	6833023	456	190	-59	90	Assays Received

Table 1 – Collar Locations and Drilling Details

*Grid MGA94_Zone50S with RL in Australian Height Datum.

RC = Reverse Circulation, DD = Diamond & RCD = RC pre-collar with diamond tail.

Hole ID	Prospect	Drill Type	From	To	Interval	Au g/t	Au g.m.
RXDD088	Link	DD	269.84	271.44	1.60	0.71	1.13
RXDD088	Link	DD	298.00	299.00	1.00	0.75	0.75
RXDD088	Link	DD	359.00	359.91	0.91	0.82	0.75
RXDD088	Link	DD	369.00	393.43	24.43**	12.79	312.46
		Including	372.97	379.00	6.03	25.01	150.81
		Including	383.13	385.00	1.87	28.65	53.58
		Including	390.75	393.43	2.68	36.51	97.85
RXDD088	Link	DD	402.10	403.00	0.90	0.58	0.52
RXDD088	Link	DD	411.00	412.00	1.00	0.71	0.71
RXDD088	Link	DD	440.00	441.00	1.00	0.89	0.89
RXDD092	Link	DD	248.00	249.00	1.00	0.69	0.69
RXDD092	Link	DD	264.08	264.55	0.47	1.11	0.52
RXDD092	Link	DD	265.77	268.26	2.49	1.82	4.53
RXDD092	Link	DD	269.58	270.00	0.42	1.39	0.58
RXDD092	Link	DD	277.05	278.18	1.13	2.28	2.58
RXDD092	Link	DD	283.37	284.15	0.78	0.73	0.57
RXDD092	Link	DD	314.00	315.00	1.00	0.50	0.50
RXDD092	Link	DD	320.27	321.14	0.87	3.54	3.08
RXDD092	Link	DD	329.65	330.27	0.62	1.03	0.64
RXDD092	Link	DD	356.20	357.16	0.96	0.57	0.55
RXDD092	Link	DD	366.90	374.63	7.73	3.12	24.09
		Including	366.90	371.00	4.10	4.65	19.07
RXDD092	Link	DD	393.13	401.00	7.87	1.34	10.57
		Including	399.09	400.13	1.04	5.81	6.04
RXDD092	Link	DD	408.00	409.00	1.00	0.52	0.52
RXDD092	Link	DD	411.00	412.00	1.00	0.73	0.73
RXDD093	Link	DD	179.00	184.00	5.00	0.59	2.95
RXDD093	Link	DD	261.00	262.35	1.35	0.61	0.82
RXDD093	Link	DD	277.77	278.23	0.46	2.43	1.12
RXDD093	Link	DD	280.60	281.16	0.56	1.41	0.79
RXDD093	Link	DD	291.00	292.00	1.00	0.53	0.53
RXDD093	Link	DD	293.00	293.72	0.72	0.86	0.62
RXDD093	Link	DD	350.39	350.83	0.44	2.81	1.24
RXDD093	Link	DD	366.00	366.62	0.62	0.57	0.35
RXDD093	Link	DD	391.03	391.48	0.45	1.34	0.60
RXDD093	Link	DD	402.01	404.85	2.84	0.57	1.62
RXDD093	Link	DD	406.05	406.64	0.59	1.61	0.95
RXDD093	Link	DD	408.00	411.89	3.89	5.75	22.37
		Including	409.96	411.89	1.93	9.21	17.78
RXDD093	Link	DD	420.26	421.00	0.74	1.07	0.79
RXDD093	Link	DD	425.45	426.47	1.02	29.88	30.48
RXDD093	Link	DD	431.77	433.52	1.75	3.96	6.93
RXDD093	Link	DD	443.22	444.34	1.12	2.47	2.77
RXDD093	Link	DD	452.00	453.00	1.00	1.55	1.55
RXDD096	Link	DD	190.00	191.00	1.00	0.90	0.90
RXDD096	Link	DD	253.00	254.00	1.00	0.88	0.88
RXDD096	Link	DD	369.53	370.00	0.47	2.03	0.95
RXDD096	Link	DD	377.21	378.00	0.79	0.70	0.55
RXDD096	Link	DD	412.51	416.35	3.84	9.13	35.08

Table 2 – Significant Intersections

ROX RESOURCES LIMITED 9 Level 2, 87 Colin Street, West Perth WA 6005 +61 8 9226 0044

Hole ID	Prospect	Drill Type	From	To	Interval	Au g/t	Au g.m.
		Including	412.51	414.66	2.15	13.50	29.03
RXDD096	Link	DD	452.00	453.00	1.00	0.60	0.60
RXDD096	Link	DD	525.00	525.30	0.30	1.80	0.54
RXDD096	Link	DD	527.70	528.45	0.75	0.92	0.69
RXDD096	Link	DD	533.00	555.00	22.00	1.32	29.04
		Including	542.00	543.22	1.22	5.89	7.19
RXRC487	YMS	RC	157	158	1	0.57	0.57
RXRC488	YMS	RC				NSI
RXRC489	YMS	RC	88	89	1	0.64	0.64
RXRC490	YMS	RC				NSI

Table 2 – Significant Intersections

Minimum significant intercept is 1m @ 0.5g/t Au, maximum 1m contiguous internal dilution.

NSI = No significant Intercept

** Includes a 2.44m interval of internal dilution (386.08m to 388.52m)

Competent Person Statement

Exploration Results

The information in this report that relates to Data and Exploration Results is based on information compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australasian Institute of Geologists (AIG) and Exploration Manager at Rox Resources. Mr Craig 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 Craig 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 prepared and first disclosed 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.

Resource Statements

The Statement of Estimates of Mineral Resources for the Youanmi Near Surface Resource was reported by Rox in accordance with ASX Listing Rule 5.8 in the announcement released to the ASX on 20th April 2022. Rox confirms it is not aware of any new information or data that materially affects the information included in the previous announcements and that all material assumptions and technical parameters underpinning the estimates in the previous announcements continue to apply and have not materially changed.

The Statement of Estimates of Mineral Resources for the Youanmi Underground Resource was reported by Rox in accordance with ASX Listing Rule 5.8 in the announcement released to the ASX on 20th January 2022. Rox confirms it is not aware of any new information or data that materially affects the information included in the previous announcements and that all material assumptions and technical parameters underpinning the estimates in the previous announcements continue to apply and have not materially changed.

The Statement of Estimates of Mineral Resources that relates to gold Mineral Resources for the Mt Fisher – Mt Eureka Project was reported by Rox in accordance with ASX Listing Rule 5.8 in the announcement released to the ASX on 2nd November 2022. Rox confirms it is not aware of any new information or data that materially affects the information included in the previous announcements and that all material assumptions and technical parameters underpinning the estimates in the previous announcements 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 the 100 per cent owner of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth, and owns the Mt Fisher - Mt Eureka Gold and Nickel Project approximately 140 kilometres southeast of Wiluna, with 100% ownership of certain tenure with the remaining tenure held via a joint venture (Rox 51%, earning into 75%).

Youanmi Project has a Total Mineral Resource of 3.2Moz 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 ~667,000oz of gold (at 5.47 g/t Au) before it closed in 1997. It is classified as a disturbed site and is on existing mining leases which have 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 standard	RC hole diameter was 5.5" (140 mm) reversecirculation percussion (RC). Sampling of RC holes wasundertaken by collecting 1m cone split samples atintervals.
	measurement 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 of	Diamond drill hole core size is NQ2 size diameterthrough the mineralisation. Sampling of diamond holeswas by cut half core as described further below.
	sampling.	Drill holes were generally angled at -600towards gridnortheast (but see Table for individual hole dips andazimuths)tointersectgeologyasclosetoperpendicular as possible.
	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 to	RC drillholes were sampled on 1m intervals using acone splitter. A nominal 3-4kg sample is taken andanalysed for gold by Fire Assay 50g (FA50).
	obtain 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	Diamond core is dominantly NQ2 size, sampled ongeological intervals, with a minimum of 0.3 m up to amaximum of 1.2 m. The diamond core was cut in half,with one half sent to the lab and one half retained. Thesample was analysed for gold by Fire Assay 50g(FA50).
Drillingtechniques	Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc) anddetails (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 140mmface sampling hammer.
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, moistureand contamination and notes made in the logs.
	Whether a relationship exists between sample recoveryand grade and whether sample bias may haveoccurred due to preferential loss/gain of fine/coarsematerial.	There is no observable relationship between recoveryand grade, and therefore no sample bias.

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 allRC, but no geotechnical data have been recorded (oris possible to be recorded due to the nature of thesample).Detailed geological and geotechnical logs were carriedout on all diamond drill holes for recovery, RQD,structures etc. which included structure type, dip, dipdirection, alpha angle, beta angle, texture, shape,roughness, fill material, and this data is stored in thedatabase.
		The geological data would be suitable for inclusion in aMineral Resource estimate.
	Whether logging is qualitative or quantitative in nature.Core (or costean, channel, etc) photography.	Logging of diamond core and RC chips recordedlithology,mineralogy,mineralisation,weathering,colour, and other sample features. RC chips are storedin plastic RC chip trays.
	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 wetthese were 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 bestpractice.Fire Assay samples were dried, coarse crushing to~10mm, followed by pulverisation of the entire samplein an LM5 or equivalent pulverising mill to a grind sizeof 85% passing 75 micron.
	Quality control procedures adopted for all sub-samplingstages to maximise representivity of samples.	Field QC procedures involve the use of CertifiedReference Materials (CRM's) as assay standards,along with duplicates and blank samples. The insertionrate of the CRM's was approximately 1:20, and blanksample insertion rate was approximately 1:50.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected, includingfor instance results for field duplicate/second-halfsampling.	For RC drilling field duplicates were taken on a routinebasis at an approximate 1:20 ratio using the samesampling techniques (i.e. cone splitter) and insertedinto the sample run. No diamond core field duplicateswere taken.
	Whether sample sizes are appropriate to the grain sizeof the material being sampled.	The sample sizes are considered more than adequateto ensure that there are no particle size effects relatingto the grain size of the mineralisation which lies in thepercentage range.
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.

ROX RESOURCES LIMITED 13 Level 2, 87 Colin Street, West Perth WA 6005

+61 8 9226 0044

ASX CODE: RXL admin@roxresources.com.au www.roxresources.com.au

Criteria	JORC Code explanation	Commentary
	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.
	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 arereported to the Company and analysed for consistencyand any discrepancies.
Verification ofsampling andassaying	The verification of significant intersections by eitherindependent or alternative company personnel.	Senior personnel from the Company have visuallyinspectedmineralisationwithinsignificantintersections.
	The use of twinned holes.	No twinned holes to date.
	Documentation of primary data, data entry procedures,data verification, data storage (physical and electronic)protocols.	Primary data was collected using a standard set ofExcel templates on Toughbook laptop computers in thefield. These data are transferred to Geobase Pty Ltd fordata verification 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 adifferential GPS with an accuracy of +/- 0.3m.
	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 definedby historic monthly survey pickups
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	RC and diamond drill hole spacing varies 40-200metres between drill sections, with some areas at 40metre drill section spacing. Down dip step-out distancevaries 20-100 metres.
	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 establishthe degree of geological and grade continuityappropriate for JORC (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 zoneswere sent to the laboratory for analysis. The remainderof the hole was sampled using 4m composite samples.For 4m composite samples >0.2g/t Au, 1m sampleswere collected and sent to the laboratory for analysis.

Criteria	JORC Code explanation	Commentary
Orientation ofdata in relation togeologicalstructure	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 WNW and dips tothe SW at approximately -60 degrees. The drillorientation was 065 and -60 dip. Drilling is believed tobe 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.
Sample security	The measures taken to ensure sample security.	Sample security is managed by the Company. Afterpreparation in the field samples are packed intopolyweave bags and despatched to the laboratory. Fora large number of samples these bags weretransported by the Company directly to the assaylaboratory. In some cases the sample were deliveredby a transport contractor the assay laboratory. Theassay laboratory audits the samples on arrival andreports any discrepancies back to the Company. Nosuch discrepancies occurred.
Audits or reviews	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 Agreementwith Venus Metals Corporation Ltd under which it hasa 70% interest in the Youanmi Gold Mine JointVenture (OYG Joint Venture).Tenements in the JV consist of the following miningleases: 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 is in 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,including AC/RAB, RC drilling and diamond drilling1971-1973 WMC: RAB, RC and surface diamonddrilling1976 Newmont: 10 surface diamond drillholes(predominantly targeting base metals).1980-1986 BHP: RAB, RC and surface diamonddrilling (predominantly targeting base metals).1986-1993 Eastmet: RAB, RC and surface diamonddrilling.1993-1997 Goldmines of Australia: RAB, RC andsurface diamond drilling. Underground mining andassociated underground diamond drilling.2000-2003 Aquila Resources Ltd: Shallow RAB andRC drilling2004-2005 Goldcrest Resources Ltd: Shallow RABand RC drilling; data validation.2007- 2013 Apex Minerals NL: 9 diamond holestargeting extensions to the Youanmi deeps resource.

Criteria	JORC Code explanation	Commentary
Geology	Deposittype,geologicalsettingandstyleofmineralisation.	The Youanmi Project straddles a 40km strike lengthof the Youanmi Greenstone Belt, lying within theSouthern Cross Province of the Archaean YilgarnCraton in Western Australia. The greenstone belt isapproximately 80km long and 25km wide, andincorporates an arcuate, north-trending major crustalstructure termed the Youanmi Fault Zone. Thisstructure separates two discordant greenstoneterrains,withthestratigraphytothewestcharacterised by a series of weakly deformed, layeredmaficcomplexes(Windimurra,BlackRange,Youanmi and Barrambie) enveloped by stronglydeformed, north-northeast trending greenstones.Gold mineralisation is developed semi-continuously inshear zones over a strike length of 2,300m along thewestern margin of the Youanmi granite.Gold is intimately associated with sulphide mineralsand silicates in zones of strong hydrothermalalteration and structural deformation.TypicalYouanmi lode material consists of a sericitecarbonate-quartz-pyrite-arsenopyrite schist ormylonitewhichfrequentlycontainssignificantconcentrations of gold, commonly as fine, free goldparticles in the silicates, occluded in sulphide mineralsand in solid solution in arsenopyrite. The lodescontain between 10% and 25% sulphide, the principalspecies being pyrite (10% to 20%) and arsenopyrite(1% to 5%).There are a series of major fault systems cuttingthrough the Youanmi trend mineralisation that havegenerated some significant off-sets.The Youanmi Deeps project area is subdivided intothree main areas or fault blocks by cross-cutting steepsouth-east trending faults; and these are namedPollard, Main, and Hill End from south to northrespectively.Granite hosted gold mineralisation occurs at severalsites, most notably Grace and the Plant ZoneProspects. Gold mineralization occurs as freeparticles within quartz-sericite altered granite shearzones.The Commonwealth-Connemarra mineralised trendis centred 4km northwest of the Youanmi plant. Thegeology comprises a sequence of folded mafic andfelsic volcanic rocks intercalated with BIF andintruded by granite along the eastern margin. Goldmineralisation is developed over a 600m strike length,associated with a north trending and steeply westdipping shear zone that traverses the northwesttrending succession.

JORC Table 1 - Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Drill holeInformation	A summaryofall informationmaterialtotheunderstanding 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 attachedthereto.
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 lengthweighted. No top cuts have been applied. A lower cutoff of 0.5g/t Au was applied 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.
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	No metal equivalent values have been used orreported.
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 WNW and dips tothe west at approximately -60 degrees. Drillorientations are usually 060 degrees and -60 dip.Drilling is believed to be generally perpendicular tostrike. Given the angle of the drill holes and theinterpreted dip of the host rocks and mineralisation(see Figures in the text), reported interceptsapproximate 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 gradesand widths 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 beenincluded in the body of the announcement.

JORC Table 1 - Section 2 Reporting of Exploration Results

JORC Table 1 - Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
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 tolocate extensions to mineralisation both at depth andalong strike.