ASX:RXL

6 stories mentioning ASX:RXLUpdated 6d ago

Every FINWIRES story that references ASX:RXL, newest first.

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

Asia40d ago

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

Asia48d ago

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

Asia53d ago

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

Asia56d ago

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

Asia60d ago

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

Track with the FINWIRES app suite

FolioX

Track ASX:RXL in your portfolio

WheelAI

Analyze ASX:RXL options with the wheel strategy

StockInsider

See market sentiment on ASX:RXL