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ROX RESOURCES LIMITED — Capital/Financing Update 2025
May 27, 2025
65741_rns_2025-05-27_9197ad27-d461-42b0-8402-a153109a254d.pdf
Capital/Financing Update
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ASX: RXL ASX Announcement 28 May 2025
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Youanmi drill program May update
Continued high-grade Youanmi gold hits
WA gold exploration and development company Rox Resources Limited ( “Rox” or “the Company” ) ( ASX: RXL ), is pleased to present a drilling update and further high-grade assay results following the recently completed 35,000m Step-up drill program at the Youanmi Gold Project in Western Australia.
Highlights:
-
Latest high-grade assay results include[1] :
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Youanmi Main
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RXDD203: 11.90m @ 4.37g/t from 451.0m
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RXDD190: 6.73m @ 6.66g/t from 447.3m
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RXDD203: 1.96m @ 17.13g/t from 471.9m
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RXDD206: 6.55m @ 2.48g/t from 437.8m
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Prospect
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RXRC567: 2.00m @ 4.59g/t from 58.0m
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RXDD197: 0.53m @ 17.00g/t from 192.9m
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Interceptor
- RXRC569: 5.00m @ 5.33g/t from 53.0m
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United North
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RXDD205: 14.77m @ 1.33g/t from 407.2m
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RXDD205: 1.00m @ 9.92g/t from 434.0m
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35,000m Step-up drilling program completed
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Final gold assay results received
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MRE upgrade on track for July 2025
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Drilling continues with 2 diamond rigs focused on extensional targets at Youanmi
Managing Director & CEO Mr Phill Wilding commented:
“The Step-up drill program has been highly successful in increasing our knowledge and understanding of the Youanmi ore system. This is the largest campaign of drilling done from surface in recent years and has delivered fantastic results, affirming the high-grade, high-quality nature of this system.
With all areas drilled indicating high-grade zones continue at depth, and along strike, this will feed into the upcoming mineral resource estimate to drive our mine plan.
Rox is advancing quickly on the path to development and production, with works well advanced to commence dewatering and gain access to the pit floors to establish exploration declines late in the year.”
1 Refer to Appendix 1 for details.
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Current status of drilling activities:
Diamond drilling has continued at the key deposits along the high-grade, 1.8km-long Youanmi mineralised corridor (Figures 1, 2 & 3), with the latest drilling activities summarised below:
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Drilling continues at the northern extent of the Youanmi Main deposit, extending mineralisation north in the previously under-drilled gap between Youanmi Main and United North.
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Completion of three diamond drill holes for geotechnical study at the proposed location of underground decline drives at Pollard, Youanmi Main and United North.
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Drilling continues with two diamond rigs at Youanmi North, United North, Pollard and Prospect.
May drilling results:
Youanmi Main
Assay results from drilling at Youanmi Main (Figures 1, 2 & 3) confirms continuity of high-grade shoots north of the current resource extending into a previously under-drilled area between Youanmi Main and United North deposits.
This new area of mineralisation aligns well with high-grade intercepts and down-plunge extensions of the Youanmi Main deposit immediately south.
Significant results include:
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RXDD190: 6.73m @ 6.66g/t from 447.3m
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incl: 2.33m @ 15.05g/t from 449.0m
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RXDD203: 11.90m @ 4.37g/t from 451.0m
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incl: 3.84m @ 10.60g/t from 457.2m
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RXDD203: 1.96m @ 17.13g/t from 471.9m
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RXDD206: 6.55m @ 2.48g/t from 437.8m
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incl: 4.04m @ 3.21g/t from 440.3m
Prospect
Assay results reported at Prospect (Figures 1, 2 & 3) reflect hanging wall mineralisation above the main Prospect lode and subparallel to the main Prospect shear.
Significant results include:
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RXRC567: 2.00m @ 4.59g/t from 58.0m
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RXDD197: 0.53m @ 17.00g/t from 192.9m
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Interceptor
Re-sampled composites from Reverse Circulation (RC) pre-collar drilling at Pollard have intersected new mineralisation at shallow depths that align with the previously identified Interceptor prospect mineralisation (Figures 1, 2 & 3).
Significant results include:
- RXRC569: 5.00m @ 5.33g/t from 53.0m
United North
Assay results have been returned from the deepest drilling to date in the northern margin of the United North deposit. Encouragingly, RXDD205 confirms that high-grade mineralisation remains open at depth.
Significant results include:
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RXDD205: 14.77m @ 1.33g/t from 407.2m
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RXDD205: 1.00m @ 9.92g/t from 434.0m
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Figure 1: Plan view featuring focus areas of the Step-up drill campaign and Prospect shaft, overlain on the 2024 MRE outline (red polygons) – note Midway, Interceptor and Paddy’s are projected surface expressions.
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Figure 2: Long section featuring; (i) recent drill hole pierce points, (ii) 2024 PFS stope shapes, (iii) existing development, and (iv) significant intercepts received in May 2025.
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Figure 3: Long section featuring; (i) recent Step-up drill campaign drill hole pierce points, (ii) 2024 PFS stope shapes, (iii) existing development, and (iv) significant intercepts from the 2025 Step-up campaign.
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Step-up drill program summary:
In December 2024, DDH1 and Strike Drilling were contracted to deliver a circa 35,000m drill campaign, with the following aims:
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Grow the gold resource around near-mine areas, as outlined in the Pre-Feasibility Study[2] and;
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Convert Inferred resources into the reserve underpinning the upcoming Definitive Feasibility Study.
A revised mine plan from the DFS is aimed at delivering higher ore throughput rates and higher gold production per annum than previously reported, thereby reducing the capital payback period.
The continuation of high-grade shoots was confirmed by assays and structural logging in multiple areas, including Pollard, Prospect, Youanmi Main, United North, Rebel, and Kathleen, with extensions open at depth and continuity verified beyond current resource outlines.
Wireframing and domaining has begun in preparation for a MRE update, which is on schedule for release in July.
Indicated pathway to production:
The Company’s indicative pathway to production (Figure 4) remains on track:
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Drilling has been completed on time and within budget, extensional and exploration ongoing;
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Refurbishing of the evaporation ponds is complete;
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Tenders for major DFS work streams such as process plant design, geotechnical, hydrology/ hydrogeology and tailings dam designs are awarded and works on each package commenced;
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Dewatering pipe/pump installation has started, with pumping to commence this quarter; and
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Comminution/flotation metallurgical test work is complete, with Albion Process[TM] test work advancing.
Next steps:
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Development of mineralised wireframes ahead of delivery of MRE for use in the DFS;
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Continue drilling near-mine and regional targets;
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Continue metallurgical test work for Albion Process[TM] ;
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Complete dewatering infrastructure installation and commence pumping;
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Continue preparation of approvals including Mining Proposals and Mine Closure Plans;
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Continue working with debt advisors to progress project financing;
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Environmental approvals and design work for various activities to continue; and
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Tender process for site infrastructure and mining contract.
2 Refer to RXL ASX announcement dated 24th July 2024 “Positive Pre-Feasibility Study outlines long life, high-grade 100kozpa of gold doré at Youanmi”.
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Figure 4 – Pathway to production timeline
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Authorisation
This announcement is authorised for release by the Board of Rox Resources Limited.
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For further information, please contact:
Investor enquiries
Phillip Wilding Managing Director & CEO Rox Resources Limited [email protected] +61 8 9266 0044
Media enquiries
Emily Evans Media and Content Manager SPOKE [email protected] +61 401 337 959
Rox Resources Limited
ABN 53 107 202 602 Level 2, 87 Colin Street, West Perth WA 6005 www.roxresources.com.au
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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 2.3Moz 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.
Competent Persons Statement
Exploration Results
The information in this release that relates to Data and Exploration Results is based on information compiled and reviewed by Andrew Shaw-Stuart a Competent Person who is a Fellow Member of the Australian Institute of Geoscientists (AIG), Exploration Manager at Rox Resources and holds performance rights in the Company. The aforementioned has sufficient experience that is relevant to the style of mineralisation and type of target/deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Shaw-Stuart consents to the inclusion in the release of the matters based on the 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 Gold Project was reported by Rox in accordance with ASX Listing Rule 5.8 and the JORC Code (2012 edition) in the announcement “MRE Update confirms Youanmi as Significant High-Grade Gold Project and Paves Way for PFS” released to the ASX on 30 January 2024, and for which the consent of the Competent Person Mr Steve Le Brun was obtained. A copy of that announcement is available at www.asx.com.au. Rox confirms it is not aware of any new information or data that materially affects the Mineral Resources estimates information included in that market announcement and that all material assumptions and technical parameters underpinning the Mineral Resources estimates in that announcement continue to apply and have not materially changed. Rox confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from that market announcement.
Production Target
The Production Target and forecast financial information derived from the Production Target referred to in this release are underpinned by Indicated Mineral Resources (approximately 71%) and Inferred Mineral Resources (approximately 29%). The total Life of Mine Production Target includes 29% Inferred Resources ounces, 7% Indicated Resource ounces outside of Reserve and the remaining 64% is underpinned by Probable Ore Reserves. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the Production Target or forecast financial information reported will be realised. Accordingly, the Company has scheduled the Production Target such that Inferred Mineral Resources do not feature as a significant proportion of the first 4 years of the 9-year mine plan. Approximately 19% of the Production Target material mined over the first 4 years is underpinned by Inferred Mineral Resources. The Company is satisfied that the Inferred Mineral Resources partially underpinning the Production Target is not the determining factor of the viability of the Youanmi Gold Project.
Pre-Feasibility Study
The information in this announcement that relates to the production target for the Youanmi Gold Project was reported by Rox in accordance with ASX Listing Rules and the JORC Code (2012 edition) in the announcement “Youanmi Gold Project - Positive Pre-Feasibility Study” released to the ASX on 24 July 2024, and for which the consent of the Competent Person Mr Daniel Marchesi was obtained. A copy of that announcement is available at www.asx.com.au. Rox confirms it is not aware of any new information or data that materially affects the information included in that market announcement and that all material assumptions and technical parameters underpinning the production target, and the related forecast financial information derived from the production target in that market announcement continue to apply and have not materially changed. Rox confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from that market announcement.
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Forward ‐ Looking Statements
Certain statements in this announcement relate to the future, including forward-looking statements relating to the Company and its business (including its projects). 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.
These forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement and deviations are both normal and to be expected. Neither the Company, its officers nor any other person gives any representation, assurance or guarantee that the events or other matters expressed or implied in any forward-looking statements will actually occur. You are cautioned not to place undue reliance on those statements.
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Appendix 1
Table 1 – Collar Locations and Drilling Details
| Hole ID | Prospect | Drill Type |
East | North | RL | Depth | Dip | Azi |
|---|---|---|---|---|---|---|---|---|
| RXDD152A | Pollard | DD | 679,791.50 | 6,833,546.00 | 453.00 | 300 | -50 | 62 |
| RXDD156 | Youanmi Main | DD | 679,486.28 | 6,834,162.40 | 412.06 | 300 | -63 | 66 |
| RXDD185 | Youanmi Main | DD | 679,413.28 | 6,833,840.28 | 459.92 | 500 | -66 | 58 |
| RXDD189 | Paddys | RCD | 680,072.73 | 6,833,233.57 | 457.41 | 440 | -62 | 62 |
| RXDD190 | Youanmi Main | RCD | 679,283.55 | 6,833,998.82 | 460.61 | 485 | -64 | 58 |
| RXDD191 | Youanmi Main | DD | 679,413.40 | 6,833,840.28 | 459.92 | 500 | -69 | 71 |
| RXDD197 | Prospect | DD | 679,678.12 | 6,833,607.53 | 460.52 | 360 | -59 | 75 |
| RXDD198 | Prospect | DD | 679,606.63 | 6,833,609.19 | 459.97 | 530 | -69 | 68 |
| RXDD200 | Youanmi Main | DD | 679,285.55 | 6,833,998.82 | 460.61 | 520 | -75.5 | 57 |
| RXDD203 | Youanmi Main | DD | 679,285.55 | 6,833,998.82 | 460.61 | 490 | -70 | 58 |
| RXDD204 | Prospect | DD | 679,606.64 | 6,833,609.19 | 459.97 | 480 | -62.5 | 71 |
| RXDD205 | United North | DD | 678,909.56 | 6,834,473.48 | 461.38 | 480 | -71 | 64 |
| RXDD206 | Youanmi Main | DD | 679,263.00 | 6,834,046.00 | 460.00 | 480 | -63 | 63.5 |
| RXDD207 | Prospect | DD | 679,763.00 | 6,833,598.00 | 459.00 | 290 | -56 | 71 |
| RXDD209 | Prospect | DD | 679,763.00 | 6,833,598.00 | 459.00 | 290 | -48.5 | 71 |
| RXRC556 | Hill End | RC | 679,576.10 | 6,834,440.00 | 472.00 | 140 | -80 | 65 |
| RXRC563 | Pollard | RC | 679,952.95 | 6,833,324.43 | 457.73 | 250 | -60 | 65 |
| RXRC564 | Pollard | RC | 679,950.00 | 6,833,347.00 | 457.00 | 250 | -50 | 65 |
| RXRC567 | Prospect | RC | 679,732.91 | 6,833,685.10 | 459.53 | 260 | -60 | 65 |
| RXRC569 | Pollard | RC | 679,867.07 | 6,833,382.00 | 457.70 | 360 | -60 | 64 |
| RXRC570 | Pollard | RC | 679,890.17 | 6,833,438.09 | 458.03 | 310 | -62 | 64 |
Table 2 – Significant Intersections
(Significant intervals are reported to geological and/or grade boundaries above 0.5g/t Au and a 1 gram-metre Au threshold, with maximum 3m internal waste; “including” intervals generally above 10 gram-metres; downhole widths reported).
| Hole ID | Prospect | Drill **Type ** |
From | To | Interval | Au g/t | Au g.m. |
|---|---|---|---|---|---|---|---|
| RXDD152A | Pollard | DD | 218.00 | 219.99 | 1.99 | 2.56 | 5.10 |
| RXDD156 | Youanmi Main | DD | 17.00 | 18.00 | 1.00 | 1.59 | 1.59 |
| RXDD185 | Youanmi Main | DD | 247.03 | 248.54 | 1.51 | 1.72 | 2.60 |
| RXDD189 | Paddys | DD | 323.93 | 324.18 | 0.25 | 3.06 | 0.77 |
| RXDD190 | Youanmi Main | DD | 236.00 | 237.00 | 1.00 | 8.96 | 8.96 |
| RXDD190 | Youanmi Main | DD | 447.32 | 454.05 | 6.73 | 6.66 | 44.82 |
| RXDD190 | Youanmi Main | DD | 448.95 | 451.28 | 2.33 | 15.05 | 35.06 |
| RXDD191 | Youanmi Main | DD | 385.00 | 386.11 | 1.11 | 2.02 | 2.24 |
| RXDD191 | Youanmi Main | DD | 477.91 | 481.18 | 3.27 | 1.65 | 5.40 |
| RXDD197 | Prospect | DD | 192.85 | 193.38 | 0.53 | 17.00 | 9.01 |
| RXDD198 | Prospect | DD | 297.63 | 300.00 | 2.37 | 2.53 | 6.00 |
| RXDD198 | Prospect | DD | 340.00 | 342.11 | 2.11 | 2.89 | 6.09 |
| RXDD200 | Youanmi Main | DD | 383.17 | 384.85 | 1.68 | 0.86 | 1.44 |
| RXDD200 | Youanmi Main | DD | 393.42 | 394.39 | 0.97 | 1.30 | 1.26 |
| RXDD200 | Youanmi Main | DD | 478.09 | 487.80 | 9.71 | 1.18 | 11.46 |
| RXDD200 | Youanmi Main | DD | 498.42 | 500.57 | 2.15 | 1.83 | 3.93 |
| RXDD200 | Youanmi Main | DD | 507.05 | 510.10 | 3.05 | 1.35 | 4.11 |
| RXDD203 | Youanmi Main | DD | 451.00 | 462.90 | 11.90 | 4.37 | 51.98 |
| RXDD203 | Youanmi Main | DD | 457.20 | 461.04 | 3.84 | 10.60 | 40.71 |
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Table 2 – Significant Intersections
(Significant intervals are reported to geological and/or grade boundaries above 0.5g/t Au and a 1 gram-metre Au threshold, with maximum 3m internal waste; “including” intervals generally above 10 gram-metres; downhole widths reported).
| Hole ID | Prospect | Drill **Type ** |
From | To | Interval | Au g/t | Au g.m. | |
|---|---|---|---|---|---|---|---|---|
| RXDD203 | Youanmi Main | DD | 471.86 | 473.82 | 1.96 | 17.13 | 33.57 | |
| RXDD203 | Youanmi Main | DD | 473.00 | 473.76 | 0.76 | 2.76 | 2.10 | |
| RXDD203 | Youanmi Main | DD | 479.55 | 481.31 | 1.76 | 1.43 | 2.52 | |
| RXDD204 | Prospect | DD | 280.60 | 281.13 | 0.53 | 3.14 | 1.66 | |
| RXDD204 | Prospect | DD | 372.68 | 376.11 | 3.43 | 0.89 | 3.04 | |
| RXDD204 | Prospect | DD | 403.66 | 405.48 | 1.82 | 0.91 | 1.66 | |
| RXDD204 | Prospect | DD | 509.00 | 510.00 | 1.00 | 1.08 | 1.08 | |
| RXDD205 | United North | DD | 130.78 | 131.56 | 0.78 | 3.26 | 2.54 | |
| RXDD205 | United North | DD | 157.71 | 160.86 | 3.15 | 1.10 | 3.45 | |
| RXDD205 | United North | DD | 337.56 | 338.81 | 1.25 | 0.97 | 1.21 | |
| RXDD205 | United North | DD | 375.91 | 377.00 | 1.09 | 3.61 | 3.94 | |
| RXDD205 | United North | DD | 386.59 | 395.00 | 8.41 | 0.27 | 2.25 | |
| RXDD205 | United North | DD | 407.23 | 422.00 | 14.77 | 1.33 | 19.68 | |
| RXDD205 | United North | DD | 411.57 | 415.13 | 3.56 | 2.09 | 7.43 | |
| RXDD205 | United North | DD | 418.51 | 420.34 | 1.83 | 3.53 | 6.46 | |
| RXDD205 | United North | DD | 434.00 | 435.00 | 1.00 | 9.92 | 9.92 | |
| RXDD205 | United North | DD | 442.00 | 445.00 | 3.00 | 1.14 | 3.43 | |
| RXDD205 | United North | DD | 473.00 | 477.00 | 4.00 | 1.03 | 4.13 | |
| RXDD206 | Youanmi Main | DD | 168.63 | 169.48 | 0.85 | 1.45 | 1.24 | |
| RXDD206 | Youanmi Main | DD | 437.82 | 444.37 | 6.55 | 2.48 | 16.25 | |
| RXDD206 | Youanmi Main | DD | 440.33 | 444.37 | 4.04 | 3.21 | 12.98 | |
| RXDD207 | Prospect | DD | 115.77 | 117.67 | 1.90 | 3.11 | 5.91 | |
| RXDD207 | Prospect | DD | 160.71 | 161.61 | 0.90 | 1.08 | 0.97 | |
| RXDD207 | Prospect | DD | 168.95 | 169.72 | 0.77 | 5.84 | 4.50 | |
| RXDD209 | Prospect | DD | 135.79 | 136.52 | 0.73 | 4.72 | 3.45 | |
| RXDD209 | Prospect | DD | 175.35 | 177.76 | 2.41 | 1.28 | 3.08 | |
| RXDD209 | Prospect | DD | 181.24 | 181.66 | 0.42 | 3.60 | 1.51 | |
| RXRC556 | Hill End | RC | 110.00 | 111.00 | 1.00 | 2.12 | 2.12 | |
| RXRC556 | Hill End | RC | 114.00 | 116.00 | 2.00 | 1.00 | 2.00 | |
| RXRC563 | Pollard | RC | 48.00 | 51.00 | 3.00 | 0.98 | 2.94 | |
| RXRC564 | Pollard | RC | 77.00 | 79.00 | 2.00 | 1.22 | 2.43 | |
| RXRC567 | Prospect | RC | 58.00 | 60.00 | 2.00 | 4.59 | 9.18 | |
| RXRC569 | Pollard | RC | 53.00 | 58.00 | 5.00 | 5.33 | 26.65 | |
| RXRC570 | Pollard | RC | 2.00 | 3.00 | 1.00 | 1.21 | 1.21 | |
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JORC Table 1 - Section 1 Data and Sampling Techniques
| Criteria | JORC Code explanation Commentary |
|---|---|
| Sampling techniques |
|
| Drilling techniques |
|
| Drill sample recovery |
|
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JORC Table 1 - Section 1 Data and Sampling Techniques
| Criteria | JORC Code explanation Commentary |
|---|---|
| Logging | |
| Sub-sampling techniques and sample preparation |
|
| Quality of assay data and laboratory tests |
|
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JORC Table 1 - Section 1 Data and Sampling Techniques
| Criteria | JORC Code explanation Commentary |
|---|---|
| Verification of sampling and assaying |
|
| Location of data points |
|
| Data spacing and distribution |
|
| Orientation of data in relation to geological structure |
|
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JORC Table 1 - Section 1 Data and Sampling Techniques
| Criteria JORC Code explanation Commentary |
Criteria JORC Code explanation Commentary |
|---|---|
| If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should 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. After preparation in the field samples are packed into polyweave bags and despatched to the laboratory. For the majority of samples these bags were transported directly to the assay laboratory by the Company. In some cases, the sample were delivered by a transport contractor the assay laboratory. The assay laboratory audits the samples on arrival and reports any discrepancies back to the Company. No such discrepancies occurred. |
|
| Audits or reviews The results of any audits or reviews of sampling techniques and data. No audits have yet been completed. |
|
| JORC Table 1 - Section 2 Reporting of Exploration Results | |
| Criteria | JORC Code explanation Commentary |
| Mineral tenement and land tenure status |
Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The Youanmi mining centre which comprises the leases: M57/51, M57/75, M57/97, M57/109, M57/135, M57/160A, M57/164, M57/165, M57/166 and M57/167 is 100% owned by Rox Resources. |
| The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area. The tenements are in good standing and no known impediments exist. |
|
| Exploration done by other parties |
Acknowledgment and appraisal of exploration by other parties. Significant previous exploration has been carried out throughout the project by various companies, including AC/RAB, RC drilling and diamond drilling 1971-1973 WMC: RAB, RC and surface diamond drilling 1976 Newmont: 10 surface diamond drillholes (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 surface diamond drilling. Underground mining and associated underground diamond drilling. 2000-2003 Aquila Resources Ltd: Shallow RAB and RC drilling 2004-2005 Goldcrest Resources Ltd: Shallow RAB and RC drilling; data validation. 2007- 2013 Apex Minerals NL: 9 diamond holes targeting extensions to the Youanmi deeps resource. |
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JORC Table 1 - Section 2 Reporting of Exploration Results
| Criteria | JORC Code explanation Commentary |
|---|---|
| Geology | |
| Drill hole Information |
|
| Data aggregation methods |
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JORC Table 1 - Section 2 Reporting of Exploration Results
| Criteria | JORC Code explanation Commentary |
|---|---|
| Relationship between mineralisation widths and intercept lengths |
|
| Diagrams | |
| Balanced reporting | |
| Other substantive exploration data |
|
| Further work | |
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