ROX RESOURCES LIMITED — Interim / Quarterly Report 2015

Oct 27, 2015

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HIGHLIGHTS

Fisher East Nickel Project, WA

• Aircore Drilling program successfully completed

• Three new zones of potential nickel sulphide mineralisation identified

• Highly anomalous values of nickel, copper and PGEs coincident with EM conductors

• Nickel sulphides drilled at the Mt Tate prospect

• Pre-Feasibility Study underway

Reward Zinc-Lead Project, NT

• Spectacular intersection from first hole drilled at Teena this year

o 38.8m @ 16.9% Zn+Pb from 1068.9m, including

20.0m @ 22.4% Zn+Pb from 1076.0m

• Three more holes drilled with assays pending

Bonya Copper Project, NT

• Drilling program planned for second half of 2015

Corporate

• Stephen Dennis appointed as a non-executive director, to become Chairman when current Chairman, Jeff Gresham retires at the AGM in November

• Cash at the end of the quarter was $0.657 million

Rox Resources Limited Level 1 30 Richardson Street WEST PERTH WA 6005

Telephone: (61 8) 9226 0044 Facsimile: (61 8) 9325 6254

ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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INTRODUCTION

During the third quarter of 2015 the Company has carried out aircore drilling and undertaken prefeasibility studies on the Fisher East nickel sulphide project in Western Australia, and received assays from drilling at the Teena prospect (Reward zinc project) in the Northern Territory.

At Fisher East:

• Aircore drilling was undertaken to test a number of new EM conductors with fresh nickel sulphides intersected at the Mt Tate prospect.

• Baseline environmental studies continued.

• Pre-Feasibility Studies continued.

• At the Reward zinc-lead project in the Northern Territory:

• Spectacular assay results from the first deep hole drilled at Teena this year were received.

• Three more holes were drilled with assays pending.

• Geochemical and geophysical surveys were undertaken to test regional targets.

• At the Bonya copper project in the Northern Territory:

• RC drilling is planned for the second half of 2015.

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Figure 1: Rox Project Location Map

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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FISHER EAST NICKEL PROJECT, WA (Rox 100% & option to purchase 100%)

Aircore Drilling

An aircore drilling program of 59 holes for 3,586 metres was completed to test a number of EM conductors identified from previous airborne VTEM surveys.

Drilling of three EM conductors returned highly anomalous nickel, copper and platinum group element (PGE) values, including the existing Mt Tate prospect and EM conductors MTVTEM_03 and MTVTEM_05 (now collectively named the Horatio prospect) (Figure 3). A number of strong RC drill targets have been generated that warrant testing.

Of particular interest was hole FEAC396 at the Mt Tate prospect (Figure 4) which intersected nickel sulphide mineralisation in the last sample of the hole. The hardness of the sulphides and siliceous cap material (Figure 2) prevented the aircore hole from penetrating deeper, and a follow-up RC drilling program is being planned. Individual chips of the nickel sulphides returned 2-3% Ni when analysed with a portable XRF.

Gossanous material (weathered nickel sulphides) was present in some of the other geochemically anomalous drill holes.

Full drilling details are listed in Table 1, with result highlights being:

FEAC351 6m @ 0.30% Ni, 118 ppm Cu, 57ppb PGE (Pd+Pt+Au) from 48-54m FEAC377 8m @ 0.26% Ni, 81 ppm Cu , 34ppb PGE from 20-28m FEAC387 8m @ 0.53% Ni, 54 ppm Cu, 25ppb PGE from 20-28m FEAC394 8m @ 0.26% Ni, 57 ppm Cu from 44-52m FEAC396 Nickel sulphide chips from 81-82m (EOH)

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Figure 2: Chips of nickel sulphides from hole FEAC396

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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Figure 3: Recent aircore drill hole locations (full circles coloured by maximum Ni) plotted over total magnetic intensity image. VTEM anomalies outlined with yellow ovals.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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Figure 4: Mt Tate Prospect Plan

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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Pre-Feasibility Study

Progress has been made on the Pre-Feasibility Study for the Fisher East nickel sulphide project.

The study will comprise:

• Aboriginal Heritage Survey

• Environmental Baseline Studies

• Revised Resource Estimate and Modelling

• Geotechnical Assessment (for mine design parameters)

• Mine Design and Scheduling

• Operating Cost Estimate from first principles

• Infrastructure Design

• Metallurgical Testwork

• Financial Modelling

Work during the quarter included ongoing baseline environmental studies, which are nearing completion. Other work has included revised resource estimation and modelling, geotechnical assessment and mine design and scheduling. It is expected that this part of the work will be completed during the 4[th] quarter of 2015. That will then enable other work modules (such as further metallurgical testwork and more detailed infrastructure design) to be implemented.

Project Ownership

The Company took a significant step forward by securing 100% ownership of several tenements that were under Option to Purchase (ASX:RXL 23 July 2015). This involved making the final Option Exercise payment and submitting the associated paperwork for stamp duty assessment and then lodgement and registration with the WA Department of Mines. That process is expected to be completed during the 4[th] quarter.

Next Quarter’s Activities

• Progress of Pre-Feasibility Study, including resource estimate, geotechnical assessment, mine design and scheduling, environmental baseline studies and financial modelling.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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Table 1: Aircore Drill Hole Location Details & Results

Hole	Prospect	East	North	RL	Depth	From	To	Interval	Ni **ppm **	Cu **ppm **	PGE **ppb **
FEAC343		361482	7023780	560	71	NSR
FEAC344		361537	7023800	560	63	NSR
FEAC345		361590	7023811	560	62	NSR
FEAC346		361643	7023860	560	19	NSR
FEAC347		361342	7024157	560	43	NSR
FEAC348		361396	7024183	560	47	NSR
FEAC349		361443	7024208	560	44	NSR
FEAC350		361499	7024236	560	47	NSR
FEAC351	Horatio	361543	7024265	560	54	48	54	6	3035	118	57
FEAC352		360697	7024719	570	65	NSR
FEAC353		360749	7024755	570	47	NSR
FEAC354		360808	7024766	570	48	NSR
FEAC355		360852	7024790	570	46	NSR
FEAC356		360921	7024856	570	56	NSR
FEAC357		360992	7024870	570	37	NSR
FEAC358		361063	7024903	570	46	NSR
FEAC359	Horatio	361115	7024954	570	75	34	38	4	2828	98	*
						44	48	4	2075	101	*
						52	60	8	2501	53	*
FEAC360		361166	7024967	570	65	NSR
FEAC361		361222	7024993	570	101	NSR
FEAC362		360409	7025464	570	43	NSR
FEAC363		360498	7025513	570	78	NSR
FEAC364		360551	7025535	570	76	NSR
FEAC365		360599	7025567	570	101	NSR
FEAC366		360659	7025594	570	86	NSR
FEAC367		360707	7025619	570	119	NSR
FEAC368		360754	7025655	570	104	NSR
FEAC369	Tomahawk	360090	7026428	570	59	48	52	4	2120	104	24
FEAC370		359622	7027550	560	82	NSR
FEAC371	MTVTEM_02	360740	7024482	570	70	16	48	32	2698	45	15
FEAC372	MTVTEM_02	360785	7024519	570	62	36	44	8	2094	27	18
FEAC373		360849	7024551	570	75	NSR
FEAC374		361393	7023981	570	50	NSR
FEAC375		361448	7024012	570	53	NSR
FEAC376		361492	7024026	570	42	NSR
FEAC377	Horatio	361542	7024042	570	46	20	28	8	2603	81	34
						32	36	4	2298	49	34
FEAC378		361593	7024088	570	56	NSR
FEAC379	MTVTEM_06	362279	7022067	560	65	36	40	4	2860	65	8
						48	65	17	3831	46	11
FEAC380		362339	7022103	560	55	NSR
FEAC381		362397	7022133	560	67	NSR
FEAC382		362541	7021619	560	58	NSR
FEAC383		362600	7021413	560	42	NSR
FEAC384		362642	7021438	560	62	NSR
FEAC385		361687	7023438	560	56	NSR
FEAC386		361741	7023466	560	62	NSR
FEAC387	Horatio	361279	7024554	570	28	20	28	8	5373	54	12
FEAC388		361335	7024581	570	45	NSR
FEAC389	Horatio	361383	7024623	570	56	24	40	16	2506	52	*
FEAC390		360507	7025056	566	56	NSR
FEAC391		360550	7025079	566	50	NSR

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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FEAC392		360746	7025207	566	27	NSR
FEAC393		360796	7025220	566	53	NSR
FEAC394	Horatio	361409	7024634	570	77	44	52	8	2645	57	23
FEAC395		359762	7026933	560	51	NSR
FEAC396	Mt Tate	359833	7026969	560	82	81	82	1	2100	224	57
FEAC397		359896	7027006	560	77	NSR
FEAC398		360219	7026279	570	93	NSR
FEAC399		359813	7026962	560	87	NSR
FEAC400		357542	7029597	546	64	NSR
FEAC401		357608	7029628	546	35	NSR

Notes to Table:

• Grid coordinates GDA94: Zone 51, Collar positions determined by hand held GPS.

• All holes have a dip of -60 degrees towards 240 degrees azimuth.

• Hole azimuths planned to be as listed above. Hole deviations may result in hole paths slightly different to those intended. No downhole surveys undertaken.

• Drilling by aircore technique, with 1 metre samples collected and laid out. Other information in Appendix: Section 1.

• 3-5kg sample preparation by pulp mill to nominal P80/75um.

• Analysis by a combination of Aqua Regia Digest with ICP-OES finish (Intertek code ARU10/OM). For priority and follow-up 1m samples a Four Acid Digest with a multi-element ICP-OES finish (code 4A/OE-multi element) and Fire Assay for Au-Pt-Pd (code FA25). Au, Pt and Pd were analysed by 25 gram fire assay with a mass spectrometer finish.

• Samples shown as “*” were not assayed for Au, Pt or Pd.

• Cut-off grade minimum 2m @ 2,000ppm Ni with 2m internal dilution. Holes shown as NSR (no significant result) do not have any 2m intervals >2,000ppm Ni present.

• Values for Pt and Pd which were below the detection limit of 1ppb were set to zero for the purpose of intersection calculation.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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REWARD ZINC-LEAD PROJECT, NT (Rox 49%, Teck 51% with option to increase to 70%)

The first hole of the 2015 field season, TNDD019, was drilled at the Teena prospect (Figure 5) approximately 200m east of discovery hole TNDD009 (Figure 6), and intersected high grade mineralisation with exceptional results.

TNDD019:

38.8m @ 16.9% Zn+Pb from 1068.9-1107.7m, including

20.0m @ 22.4% Zn+Pb from 1076.0–1096.0m, and

• 8.9m @ 8.0% Zn+Pb from 1164.0 – 1172.9m, including

• 5.0m @ 10.8% Zn+Pb from 1164.3-1169.3m

This is the best hole yet, and continues to confirm the significant potential of this prospect. The strike length of the high grade mineralisation (greater than 13% Zn+Pb) at Teena extends to 1.3km, with good apparent continuity of the mineralisation indicated between drill holes.

Two further holes have been drilled which close in the drill spacing between holes Teena 8 and TNDD014. A fourth hole has now been completed between holes TNDD011 and TNDD017 (Figure 6). Assays are pending for these three holes.

During the quarter Teck’s provisional unaudited expenditure was $1.8 million, bringing the total expenditure by Teck on the project since commencement of the earn-in agreement to approximately $12.4 million.

Work planned for the next quarter includes completion of the drilling program and the geochemical and geophysical surveys.

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Figure 5: Reward Project Tenement Plan showing prospect locations

(Myrtle Mineral Resource, ASX:RXL 15 March 2010; McArthur River Mineral Resource, Leach et. al., 2005, Economic Geology 100[th] Anniversary Volume, pp561-607.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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----- Start of picture text -----

TNDD021
TNDD022
TNDD020
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Figure 6: Teena Prospect Drill Plan showing locations of new 2015 holes in green. Selected drill results shown. For a full list of drilling results see Table 2.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

Table 2: Teena Diamond Drilling Results

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Hole	North	East	RL	From	To	Interval	Zn%	Pb%	Zn+Pb%	Ag ppm
TNDD019	8182154	608530	74	1019.0	1033.0	14.0	2.79	0.49	3.28	1.5
				1058.0	1066.0	8.0	4.37	0.49	4.86	0.8
				1068.9	1107.7	38.8	14.65	2.30	16.94	0.6
	Including			1076.0	1096.0	20.0	19.37	3.07	22.43	0.7
				1114.0	1117.4	3.4	4.65	2.61	7.26	0.8
				1122.8	1125.8	3.0	5.01	0.70	5.71	1.3
				1164.0	1172.9	8.9	6.90	1.14	8.04	0.4
	Including			1164.3	1169.3	5.0	9.23	1.60	10.83	0.6
TNDD018	8181261	608462	50	NSR
TNDD017	8182005	607511	57	795.9	821.4	25.5	7.90	1.23	9.13	0.4
	Including			801.0	815.7	14.7	11.53	1.79	13.32	0.3
	And			828.4	835.0	6.6	5.82	0.80	6.62	1.5
	Including			828.4	832.0	3.6	8.32	1.33	9.65	1.5
	And			975.0	977.0	2.0	2.93	0.06	2.99	0.5
TNDD016	8183157	608470	110	NSR
TNDD015	8181695	606655	52	807.0	814.0	7.0	4.13	0.16	4.29	0.3
	And			825.9	829.0	3.1	3.09	0.62	3.71	1.4
TNDD014	8182000	608085	65	652.6	687.0	34.4	5.42	0.78	6.20	0.5
	Including			657.0	661.1	4.1	9.19	1.25	10.4	0.8
	and including			665.2	670.1	4.9	10.23	1.55	11.8	0.8
	and including			676.5	679.0	2.5	8.68	1.59	10.3	0.2
	And			710.0	717.0	7.0	3.36	0.23	3.59	0.4
	And			788.0	795.1	7.1	2.42	0.55	2.97	0.4
	And			798.2	827.0	28.8	2.78	0.68	3.46	0.3
	And			838.7	854.0	15.3	2.67	0.64	3.31	0.6
	And			858.0	860.0	2.0	2.20	0.64	2.84	1.5
TNDD013	8181842	607152	51	665.0	700.0	35.0	5.38	0.74	6.12	0.9
	Including			670.0	673.0	3.0	8.83	1.23	10.06	0.7
	and including			678.0	685.7	7.7	8.70	1.21	9.91	1.0
	And			824.0	845.0	21.0	2.65	0.73	3.38	0.4
	And			857.2	861.0	3.8	2.84	0.37	3.21	2.1
	And			868.0	880.0	12.0	2.79	0.34	3.13	1.5
TNDD012	8182035	607500	75	671.0	705.0	34.0	6.53	0.98	7.51
	Including			676.0	690.9	14.9	9.08	1.33	10.41
	Including			676.0	680.5	4.5	10.00	1.37	11.37
	And			684.9	690.9	6.0	12.55	2.02	14.58
	And			807.1	826.0	18.9	2.75	0.74	3.49
	And			836.2	848.0	11.8	2.78	0.56	3.34
TNDD011	8182035	607877	79	896.0	898.6	2.6	3.97	0.44	4.41	1.5
	And			901.0	921.3	20.3	11.99	1.87	13.86	1.5
	Including			905.0	921.3	16.3	14.26	2.25	16.51	1.7
	Including			907.1	921.3	14.2	15.83	2.53	18.36	1.7
	And			937.3	943.0	5.7	7.58	0.98	8.56	2.6
	Including			937.3	939.0	1.7	11.06	2.13	13.18	2.8
	And			1095.0	1098.0	3.0	3.01	0.01	3.02
	And			1111.0	1119.8	8.8	2.75	0.27	3.02
TNDD010	8182661	608278	75	908.0	925.1	17.1	2.55	0.46	3.01	1.8

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

Including	Including	Including	Including	915.0	917.0	2.0	4.96	0.96	5.92	2.2
And				935.0	941.0	6.0	4.63	0.58	5.21	0.9
And				944.3	964.4	20.1	13.00	2.03	15.03	0.9
Including				951.5	964.0	12.5	16.78	2.68	19.46	1.1
Including				954.0	959.0	5.0	21.80	3.62	25.42	1.0
And				967.6	970.1	2.5	3.69	0.57	4.26	0.5
And				988.8	996.6	7.8	7.43	1.28	8.71	0.6
Including				988.8	995.0	6.2	8.50	1.48	9.98	0.7
Including				988.8	992.0	3.2	10.73	2.00	12.73	1.0
And				1116.0	1119.0	3.0	3.19	1.05	4.24	0.3
And				1124.0	1133.7	9.7	4.04	1.61	5.65	1.1
Including				1125.4	1128.2	2.9	7.64	2.70	10.35	1.9
Including				1125.4	1127.0	1.7	8.76	3.04	11.80	2.6
And				1149.0	1151.0	2.0	2.09	0.72	2.81	1.8
And				1157.0	1166.0	9.0	2.54	0.93	3.47	1.8
And				1169.0	1191.0	22.0	3.09	0.81	3.90	1.2
Including				1177.0	1179.0	2.0	4.07	1.45	5.52	1.1
And				1212.2	1232.0	19.8	2.13	0.57	2.70	0.8
And				1244.0	1246.0	2.0	3.38	0.07	3.45	3.0
And				1251.0	1255.0	4.0	2.81	0.07	2.88	2.2
TNDD009	8182793	608474	72	1012.0	1018.0	6.0	2.81	0.36	3.17	3.2
And				1020.6	1039.0	18.4	3.14	0.56	3.70	2.0
Including				1022.0	1024.0	2.0	4.87	0.80	5.67	3.2
Including				1028.0	1031.0	3.0	4.59	0.77	5.37	2.9
And				1049.0	1056.0	7.0	4.83	0.57	5.40	0.7
And				1060.1	1086.5	26.4	11.59	1.73	13.32	0.8
Including				1060.1	1068.2	8.1	7.74	0.98	8.71	0.6
And including				1070.3	1086.5	16.2	14.91	2.32	17.23	1.0
Including				1071.0	1079.0	8.0	18.36	2.87	21.24	0.9
And				1089.5	1092.3	2.8	3.50	0.42	3.92	0.7
And				1121.0	1127.9	6.9	7.97	0.95	8.92	1.0
Including				1121.0	1126.0	5.0	9.48	1.21	10.70	1.1
And				1276.1	1281.0	4.9	2.89	0.91	3.80	2.0
Including				1278.1	1281.0	2.9	3.77	1.22	4.99	2.9

Drill holes TNDD009 – TNDD019 previously announced to ASX (ASX:RXL 5 August 2013, 26 August 2013, 18 September 2013, 11 October 2013, 27 October 2014, 10 November 2014, 15 December 2014, 29 September 2015).

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

Table 3: Drill Hole Collar Coordinates

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Hole	North	East	RL	Dip	Azimuth	Total Depth (m)
TNDD019	8182154	608530	74	-68	012	1383.0
TNDD018	8181261	608462	50	-75	343	359.4
TNDD017	8182005	607511	57	-65	335	1322.0
TNDD016	8183157	608470	110	-70	170	317.6
TNDD015	8181695	606655	52	-70	350	852.0
TNDD014	8182000	608085	65	-75	351	961.0
TNDD013	8181842	607152	51	-72	349	1005.5
TNDD012	8182000	607500	75	-85	355	1005.8
TNDD011	8182035	607877	79	-70	340	1221.6
TNDD010	8182661	608278	75	-75	174	1383.3
TNDD009	8182793	608474	70	-80	175	1302.0

Notes:

• Grid coordinates GDA94: Zone 53, Collar positions & RL’s variably determined by hand held GPS and/or DGPS.

• Correct projected average lateral positions of down hole intercepts are shown on the Figures.

• Hole dip and azimuth determined at collar by compass and clinometer.

• Diamond drilling by HQ and NQ diamond core, with core cut in half and sampled to either logged significant geological boundaries or even 1 metre intervals. Core recovery generally exceeded 98%.

• Duplicate core samples were quarter cut.

• Cut core samples were crushed to nominal 2mm size, then a 3kg split pulverised to nominal 85% passing 75um.

• Samples sent to Bureau Veritas, Mount Isa, with assay by oxidative fusion with XRF analysis (XF001). This method is considered to completely extract Pb and Zn and is a ISO17025 certified method.

• 3 Certified Reference Materials that range from low grade to high grade Zn (30%) were included in the dispatch at a rate of at least 1 sample in 20, with a higher frequency in mineralized intervals. Field duplicates were included in the dispatch and were sent to the laboratory blind. Blanks were included in the dispatch at a rate of 1 in 40 samples.

• All quality control data has been assessed to be within an acceptable level of accuracy and precision.

• Independent assay verification has not yet been completed.

• Weighted average grade by sample interval quoted using a cut-off grade of 2.5% Zn+Pb over a minimum width of 2m, with up to 2m of internal dilution allowed. Internal higher grade zones are selected at a 6% Zn+Pb cut-off grade or higher.

• Reported intercepts may exceed the true width; no sampling bias is believed to have been introduced however. Based on structural measurements and downhole surveys, for hole TNDD009 true thickness is believed to be about 60% of downhole thickness, for holes TNDD010 - TNDD019 true thickness is 80-90% of downhole thickness.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

BONYA COPPER PROJECT, NT (Rox 51%, earning up to 70%)

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Further drilling in the second half of 2015 is planned, not only to follow up the exciting Bonya prospect, but also drilling at a number of other prospective targets where there are outcrops of copper oxide, giving confidence that drilling will identify more copper sulphide mineralisation at depth.

Through an Agreement with Arafura Resources Limited (ASX:ARU), Rox has earned a 51% interest in the Bonya tenement (ASX:RXL 16 December 2014), and has elected to increase its interest to 70% by expenditure of $1,000,000 by December 2016.

CORPORATE

Cash at the end of the quarter was approximately $0.657 million.

Mr Stephen Dennis joined the Board of Directors on 1 August, and upon the retirement of the incumbent Chairman, Mr Jeff Gresham, at the Annual General Meeting in November, Mr Dennis will be appointed Chairman.

Dated this 28[th] day of October 2015.

Signed on behalf of the Board of Rox Resources Limited.

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IAN MULHOLLAND Managing Director

Competent Person Statements:

The information in this report that relates to nickel Mineral Resources for the Mt Fisher project was reported to the ASX on 3 October 2013 and 4 September 2014 and is available to view at www.asx.com. Rox confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements, and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcements.

The information in this report that relates to previous Exploration Results and Mineral Resources for the Mt Fisher Gold-Nickel, Reward Zinc-Lead, and Bonya Copper projects, 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 it was first reported. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. 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 on the basis that the information has not materially changed since it was last reported.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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About Rox Resources

Rox Resources Limited is an emerging Australian minerals exploration company. The company has three key assets at various levels of development with exposure to gold, nickel, zinc, lead, and copper, including the Mt Fisher Gold Project (WA), Myrtle/Reward Zinc-Lead Project (NT), and the Bonya Copper Project (NT).

Mt Fisher Gold-Nickel Project (100% + Option to Purchase)

The Mt Fisher gold project is located in the highly prospective North Eastern Goldfields region of Western Australia and in addition to being well endowed with gold the project hosts strong nickel potential. The total project area is 675km[2] , consisting of a 600km[2] area 100% owned by Rox and an Option to purchase 100% of a further 75km[2] of nickel and gold prospective ground.

Discovery of, and drilling at the Camelwood and Musket nickel prospects has defined a JORC 2012 Mineral Resource (ASX:RXL 9 October 2013 and 4 September 2014) of 3.6Mt grading 2.0% Ni reported at 1.0% Ni cut-off (Indicated Mineral Resource: 1.8Mt grading 2.2% Ni, Inferred Mineral Resource: 1.9Mt grading 1.8% Ni) comprising massive and disseminated nickel sulphide mineralisation, and containing 72,100 tonnes of nickel. Higher grade mineralisation is present in both deposits (refer to ASX announcements above), and is still open at depth beneath each deposit. Additional nickel sulphide deposits continue to be discovered (e.g. Cannonball, Sabre) and these will add to the resource base. Exploration is continuing to define further zones of potential nickel sulphide mineralisation.

Drilling by Rox has also defined numerous high-grade gold targets and a JORC 2004 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 10 February 2012) of 973,000 tonnes grading 2.75 g/t Au reported at a 0.8 g/tAu cut-off exists for 86,000 ounces of gold (Measured: 171,900 tonnes grading 4.11 g/t Au, Indicated: 204,900 tonnes grading 2.82 g/t Au, Inferred: 596,200 tonnes grading 2.34 g/t Au) aggregated over the Damsel, Moray Reef and Mt Fisher deposits.

Reward Zinc-Lead Project (49% + Farm-out Agreement diluting to 30%)

Rox has signed an Earn-In and Joint Venture Agreement with Teck Australia Pty Ltd. (“Teck”) to explore its highly prospective 670km[2] Myrtle/Reward zinc-lead tenements, located 700km south-east of Darwin, Northern Territory, adjacent to the McArthur River zinc-lead mine.

The first deposit explored, Myrtle, has a current JORC 2004 zinc-lead Mineral Resource (ASX:RXL 15 March 2010) of 43.6 Mt @ 5.04% Zn+Pb reported at a 3.0% Zn+Pb cut-off (Indicated: 5.8 Mt @ 3.56% Zn, 0.90% Pb; Inferred: 37.8 Mt @ 4.17% Zn, 0.95% Pb).

Drilling at the Teena zinc-lead prospect includes intersections of 26.4m @ 13.3% Zn+Pb including 16.2m @ 17.2% Zn+Pb, and 20.1m @ 15.0% Zn+Pb including 12.5m @19.5% Zn+Pb , and together with historic drilling has defined significant new high grade zinc-lead mineralisation over a strike length of at least 1.9km (ASX:RXL 5 August 2013, 26 August 2013, 18 September 2013, 11 October 2013, 27 October 2014, 10 November 2014, 15 December 2014). Teena is the most significant new discovery of zinc in Australia since Century in 1990.

Under the terms of the Agreement, Teck has earned a 51% interest, with Rox holding the remaining 49%. Teck has elected to earn a further 19% (for 70% in total) by spending an additional A$10m by 31 August 2018 (ASX:RXL 21 August 2013).

Bonya Copper Project (51% + Farm-in Agreement to earn up to 70%)

Rox (51%) is exploring the Bonya Copper Project located 350km east of Alice Springs, Northern Territory, in joint venture with Arafura Resources Limited (49%) (ASX:ARU). Outcrops of visible copper grading up to 34% Cu and 27 g/t Ag are present, with the style of mineralisation similar to the adjacent Jervois copper deposits (see ASX:KGL). Drill testing has intersected visible copper mineralisation at three prospects, with massive copper sulphides intersected at the Bonya Mine prospect, including 38m @ 4.4% Cu and 11m @ 4.4% Cu (ASX:RXL 20 October 2014, 5 November 2014, 1 December 2014).

Under the Farm-in Agreement Rox has earned a 51% interest in the copper, lead, zinc, silver, gold, bismuth and PGE mineral rights at Bonya after spending $500,000 (ASX:RXL 16 December 2014). Rox has elected to earn a further 19% (for 70% in total) by spending a further $1 million by 10 December 2016.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

APPENDIX 5B

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Mining Exploration Entity Quarterly Report

Name of entity

Name ofentity
ROX RESOURCES LIMITED	Quarter ended (“current quarter”)
ACN or ARBN 107 202 602 Consolidated statement of cash flows
	30 September 2015
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for: (a) exploration and evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other Net Operating Cash Flows	Current Quarter A$’000	Year to Date (3 months) $A’000
	- (329) - - (315) - 6 - - -	- (329) - - (315) - 6 - - -
	(638)	(638)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other - Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	(2,300) - - - - - - - -	(2,300) - - - - - - - -
	(2,300)	(2,300)
	(2,938)	(2,938)

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

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1.13 Total operating and investing cash flows (brought forward)	(2,938)	(2,938)
Cash flows related to financing activities 1.14 Proceeds from issues of shares (net of costs) 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other Net financing cash flows	- - - - - -	- - - - - -
	-	-
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to 1.20 1.22Cash at end of quarter	(2,938) 3,595 -	(2,938) 3,595 -
	657	657

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

	s
1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A’000
	152
	-

• 1.25 Explanation necessary for an understanding of the transactions

N/A

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

During the quarter Teck Australia Pty Ltd expended $1.8 million towards its earn-in on the Reward Joint Venture in Northern Territory.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

Financing facilities available

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Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	-	-
	-	-

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	210
	-
	-
	283
Total	493

Reconciliation Of Cash

Reconciliation Of Cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items inthe accountsis asfollows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	313	3,051
	344	544
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	657	3,595

Changes in interests in mining tenements – Refer to Annexure 1 for list of all mining tenements.

	Tenement reference	Nature of Interest	Interest at beginning of quarter	Interest at end of quarter
6.1 Interest in mining tenements relinquished, reduced or lapsed 6.2 Interest in mining tenements acquired or increased	-	-	-	-
	-	-	-	-

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

Issued and quoted securities at end of current quarter

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Compliance statement

Compliance statement
	Total number	Number quoted	Issue price per security (cents)	Amount paid up per security (cents)
7.1Preference securities (description) 7.2 Changes during quarter	-
	-
7.3Ordinary securities 7.4 Changes during quarter - Issued	1,045,540,095	1,045,540,095
7.5Convertible debt securities (description and conversion factor) 7.6 Changes during quarter	-
	-
7.7Options (description and conversion factor)	5,133,000 1,250,000 21,437,301 17,500,000	Nil Nil Nil Nil	Exercise Price $0.025 $0.057 $0.08 $0.056	Expires 30 Nov 2015 28 Feb 2017 31 Mar 2017 30 Nov 2017
7.8 Issued during quarter	-	-	-	-
7.9 Exercised during quarter	-	-	-	-
7.10 Expired during quarter	-	-	-	-
7.11Debentures (totals only)	-	-	-	-
7.12Unsecured notes (totals only)	-	-

1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX.

2. This statement does give a true and fair view of the matters disclosed.

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

Sign here:

Date: 28 October 2015

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Company Secretary

Print Name: Brett Dickson

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ROX RESOURCES LIMITED QUARTERLY REPORT For Quarter Ended 30 September 2015

Annexure 1 – Mining Tenements

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Project	Tenement Number	Interest	Interest Held
Reward, NT	EL10316	All Minerals	49%
	EL26406*	All Minerals except Diamonds	49%
	EL27541	All Minerals	49%
	EL30042*	All Minerals except Diamonds	49%

Teck Australia Pty Ltd is earning a 70% interest in all of the Reward project tenements

• Legend International Holdings has rights to diamonds on EL26406 and portions of EL30042

Mt Fisher, WA	E53/1061	All Minerals	100%
	E53/1106	All Minerals	100%
	E53/1218	All Minerals	100%
	E53/1219	All Minerals	100%
	E53/1250	All Minerals	100%
	E53/1716	All Minerals	100%
	M53/09	All Minerals	100%
	P53/1625	All Minerals	100%
	E53/1836	All Minerals	100%
	E53/1318**	All Minerals	100%
	E53/1319**	All Minerals	100%
	E53/1465**	All Minerals	100%
	P53/1496**	All Minerals	100%
	P53/1497**	All Minerals	100%
	M53/127**	All Minerals	100%

** During the quarter Rox Resources became entitled to 100% ownership of these tenements

Rox Resources holds an option to acquire 100% of the following Mt Fisher tenements

	E53/1788	All Minerals	-
	E53/1802	All Minerals	-
Bonya	EL29701***	Cu, Pb, Zn, Au, Ag, Bi, PGE’S	51%
	EL29599	All Minerals	100%

• *** Rox may earn up to a 70% interest in this tenement

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