FINWIRES · TerminalLIVE
FINWIRES

Rox Resources' Western Australia Project Expected to Be One of Highest Grade Gold Producers on ASX, Euroz Hartleys Says

By

Rox Resources' (ASX:RXL) Youanmi gold project in Western Australia is expected to be one of the highest-grade producers on the ASX with mines located in Australia, according to a Wednesday note from Euroz Hartleys.

Grade control drilling is set to define one year of production in advance to add greater granularity to mine planning and reconciliation processes. The gentle undulating nature of the ore-body allows rapid ore drive development, it said.

The firm is moving toward first gold in mid-2027. It has delivered on everything it said it would, and the highest-grade gold development story on the ASX is expected to outperform in the medium term.

The investment firm kept its recommendation on Rox Resources unchanged at speculative buy and cut the price target to AU$0.90 per share from AU$1.06 per share.

Related Articles

Asia

Xinte Energy's Losses Narrow in 2025; Shares Up 4%

Xinte Energy (HKG:1799) recorded 1.21 billion yuan in attributable loss in 2025, narrowing from a loss of 3.90 billion yuan a year earlier, according to a Hong Kong bourse filing Tuesday.The renewable energy company's shares were up nearly 4% in late morning trade Wednesday.Loss per share was 0.84 yuan, compared with 2.73 yuan in the prior year.Revenue fell 28% year on year to 15.25 billion yuan, figures showed.

HKG:1799
Asia

Andean Silver Continues Advancing Chile Project Exploration in March Quarter

Andean Silver (ASX:ASL) continued advancing exploration at its Cerro Bayo project in Chile during the March quarter, confirming the prospectivity of newly identified mineralized vein systems, according to a Wednesday filing with the Australian bourse.The company generated "outstanding" drilling results in key areas, with conversion drilling consistently intersecting main mineralized zones in Coyita, Delia SE, and Temer, the filing said.Results will be integrated into an updated mineral resource estimate slated for release in the June quarter, per the filing.Shares rose nearly 1% in afternoon trade Wednesday.

ASX:ASL
Asia

Toubani Resources Confirms Uninterrupted Operations at Mali Gold Project Despite Security Concerns; Shares Up 8%

Toubani Resources (ASX:TRE) said its Kobada Gold Project in southern Mali continues to operate without interruption despite recent security incidents in the country, with construction, drilling, and financing activities all advancing in line with schedule, according to a Wednesday Australian bourse filing.The company said all personnel are safe, and security and travel protocols remain in place, with close communication maintained with Malian authorities, per the filing.Construction and drilling work accelerated in accordance with the project timeline, driven by continued mobilization of contractors and materials, including recent deliveries through the Port of Abidjan, the filing said.Engineering and procurement remain on track, while financing efforts with Eagle Eye Asset Holdings and Coris Bank's senior and mezzanine debt facilities are well advanced, with financial close still targeted for the June quarter, the filing added.The company's shares rose 8% in recent Wednesday trade.

ASX:TRE