Rox Resources (ASX:RXL) Announces Youanmi Drilling Program Update
Drilling Program Progress
Rox Resources Limited (ASX:RXL) has provided an update on its 35,000m step-up drilling campaign at the Youanmi Gold Project in Western Australia. The campaign, featuring four diamond rigs and one reverse circulation rig, has commenced delivering significant assay results. Notable intercepts include RXDD146 with 4.94m at 84.55g/t Au and RXRC560 with 7m at 4.36g/t Au.
Metallurgical and Civil Engineering Updates
The metallurgical test work program is well advanced, with metallurgical sampling complete and comminution and flotation tests underway. Rox expects to deliver concentrate for Albion Process™ in the coming weeks. Additionally, civil engineering works for dewatering the Youanmi open pit and underground mine have commenced, with infrastructure orders placed and applications submitted to DWER.
Corporate Appointments
Rox Resources has strengthened its management team by appointing Greg Hoskins as Chief Financial Officer, Oliver Keene as General Manager – Operations, and Ben Sambell as Manager of Environment and Sustainability. These appointments are key to delivering the company’s Indicative Pathway to Production.
Executive Comments
Chief Executive Officer Phillip Wilding stated, “The Rox team’s hard work to execute the parallel workstreams is delivering strong results in alignment with DFS timeline. We are excited to update the market as results continue to flow in. Initial results from our 35,000m step-up DD and RC program have returned fantastic intercepts from all resources areas but especially, Pollard and United North. With five rigs on site, we are growing the resource base and increasing the Indicated resource category that will underpin a revised reserve and mine plan. Metallurgical test work is well-advanced with concentrate scheduled to be shipped in mid-February, to Core Resources’ laboratories in Brisbane, to commence Albion test work. Civil engineering crews are onsite refurbishing the evaporation ponds. We’ve ordered the dewatering infrastructure, and the crews are due onsite in early March to commence installation.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.