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

Veson's Controlling Shareholder Boosts Stake; Shares Jump 23%

Veson (HKG:1399) said its controlling shareholder, Fang Jin, increased his stake in the company, according to a Tuesday Hong Kong bourse filing.Shares of the firm were up nearly 23% in Wednesday afternoon trade.Fang, through a wholly owned private company Right Grand Holdings, purchased 34.7 million shares on April 24 via on- and off-market transactions, representing about 3.18% of the issued share capital.Following the purchase, Fang's interest rose to 587 million shares, or about 53.85%, from about 50.67% previously, the filing showed.

$HKG:1399
Asia

Crisil Affirms A Rating on Interarch Building Solutions' Bank Facilities; Outlook Stable

Crisil affirmed A long-term and A1 short-term rating on Interarch Building Solutions' (NSE:INTERARCH, BOM:544232) bank loan facilities, according to an Indian bourse filing on Wednesday.The rating outlook is stable, the filing said.

$BOM:544232$NSE:INTERARCH
Asia

Shreeji Shipping Global to Acquire Two Mini Bulk Carrier Vessels for INR557 Million

Shreeji Shipping Global (NSE:SHREEJISPG, BOM:544490) has agreed to acquire two mini bulk carrier vessels from Gautam Freight for 556.6 million Indian rupees, according to a filing to the Indian stock exchanges.The company will acquire the vessels, M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, as part of its fleet expansion, amounting to 8,810.80 deadweight tonnage.The vessels are scheduled to be delivered by May 1.The acquisition is expected to help boost the company's fleet utilization, optimize operating economics, and contribute positively to the company's revenue and profitability.

$BOM:544490$NSE:SHREEJISPG