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10 stories mentioning ASX:RXLUpdated 19d ago

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Asia

Rox Resources' Cash Balance Drops in June Quarter

Rox Resources (ASX:RXL) ended June with a cash balance of AU$152.7 million, marking a decrease of AU$47.7 million from its balance as of March 31, according to a Wednesday filing with the Australian bourse.The decline came as the company spent AU$22.6 million to acquire property, plant, and equipment and incurred AU$15.8 million of mine development expenditure during the June quarter, per the filing.Rox Resources said processing plant construction has started at its Youanmi gold mine in Western Australia, with first gold pour targeted in 2027.The company's shares fell 1% in recent Wednesday trade.

ASX:RXL
Asia

Rox Resources Intersects High-Grade Gold Mineralization at Youanmi Gold Mine in Western Australia

Rox Resources (ASX:RXL) intersected high-grade gold mineralization during recent diamond drilling at its Youanmi Gold Mine in Western Australia, according to a Thursday Australian bourse filing.The results were up to 4.6 meters at 9.6 grams per tonne gold from 131.58 meters, including 3 meters at 13.62 grams per tonne gold from 132 meters.Youanmi Deeps resource conversion and exploration drilling is planned to begin in the third quarter of calendar 2026, while assay results from recent exploration drilling at the Commonwealth deposit establish the potential for an additional ore source close to the Youanmi processing infrastructure, the filing added.

ASX:RXL
Asia

Rox Resources Secures Works Approval for Western Australia Mine

Rox Resources (ASX:RXL) secured works approval for the processing plant, tailings storage facility, wastewater treatment facility, power station, and associated infrastructure at its Youanmi Mine in Western Australia, according to a Monday filing with the Australian bourse.The contractor started construction works for the processing plant, designed with a nameplate capacity of 1 million tonnes per year, the filing said.The company expects its first gold pour by mid-2027, per the filing.

ASX:RXL
Asia

Venus Metals Declares Special Dividend of 25 Million Rox Resources Shares

Venus Metals (ASX:VMC) declared a special dividend of around 25 million ordinary shares in Rox Resources (ASX:RXL), representing a current value of about AU$10.3 million, according to a Monday filing with the Australian bourse.The distribution of 0.1212 Rox shares per ordinary share in Venus is expected to be made on July 17 to Venus shareholders of record as of July 10, per the filing.Venus Metals said it has not yet declared a planned cash special dividend of around AU$35 million in aggregate as the company is finalizing its franking position.

ASX:RXLASX:VMC
Asia

Rox Resources Says Stripping Begins at Western Australia Gold Mine Pit

Rox Resources (ASX:RXL) said stripping began at the Youanmi decline in the main pit at the Youanmi gold mine in Western Australia, ahead of mining activities starting in October, according to a Wednesday Australian bourse filing.Meanwhile, bulk earthworks for mill construction are nearing completion, and underground diamond drilling is underway for resource conversion and to extend mine life.Engineering, procurement, and construction (EPC) provider Interquip started mobilizing on site following contract execution to build the processing plant, with bulk earthworks nearing completion and civil construction to begin this month.Its shares fell 2% in recent trading on Wednesday.

ASX:RXL
Asia

Rox Resources Completes Main Pit Dewatering at Western Australia Project

Rox Resources (ASX:RXL) said dewatering of the main pit at its Youanmi Gold Mine in Western Australia has been completed, with the pit floor visible and historic decline exposed, according to a Thursday Australian bourse filing.The company said that the transition to underground dewatering ahead of the Main and Pollard declines is underway.The company added that a record month of mine development was achieved with 342 meters of advance at United North, with the first ventilation rise successfully fired and mineralization intersected in the first development level, as expected.Processing plant bulk earthworks are underway, and the main pit power station is ready for commissioning, it added.

ASX:RXL
Asia

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

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.

ASX:RXL
Asia

Correction: Rox Resources Identifies High-Grade Gold Mineralization at Western Australia Project

(Corrects the drilling data stated in the second paragraph, in line with the correction issued by Rox Resources on Friday)Rox Resources (ASX:RXL) said it identified high-grade gold mineralization during a recent drilling at its Youanmi gold project in Western Australia, according to a Tuesday Australian bourse filing.The results were up to five meters at 14.1 grams per tonne gold from 120 meters and 15 meters at 3.1 grams per tonne gold from 173 meters.The company said infill drilling at the United North deposit has identified additional high-grade ounces outside of the definitive feasibility study mine plan, with underground mining at the deposit progressing to plan with over 1,200 meters completed to date.Next steps include detailed mine planning and scheduling, and a review and award of contracts for further long lead items, the filing added.

ASX:RXL
Asia

Rox Resources Identifies High-Grade Gold Mineralization at Western Australia Project

Rox Resources (ASX:RXL) said it identified high-grade gold mineralization during a recent drilling at its Youanmi Gold Project in Western Australia, according to a Tuesday Australian bourse filing.The results were up to 5 meters at 14.2 grams per tonne gold from 120 meters and 15 meters at 3.6 grams per tonne gold from 173 meters.The company said infill drilling at the United North deposit has identified additional high-grade ounces outside of the definitive feasibility study mine plan, with underground mining at the deposit progressing to plan with over 1,200 meters completed to date.Next steps include detailed mine planning and scheduling, and a review and award of contracts for further long lead items, the filing added.

ASX:RXL
Asia

Rox Resources Secures Additional Fuel Capacity at Western Australia Gold Project

Rox Resources (ASX:RXL) said additional fuel storage capacity at its Youanmi gold project in Western Australia has been secured, increasing to over 430,000 liters in mid-April from 190,000 liters in March, and an additional fuel supply contract has been entered into, in the wake of the conflict in the Middle East, according to a Friday Australian bourse filing.Fuel saving initiatives were identified, which will be implemented should there be any impact on fuel supply, it added.Underground development rates at the United North pit at the project are on schedule, with around 726 meters of advance completed in the quarter to March 31, bringing the total advance to 1,013 meters.

ASX:RXL

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