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Rox Resources Limited (ASX:RXL)

ALERT: Price-sensitive ASX Announcement for RXL
Current share price for RXL : $0.390 0.09 (30%)+
Announcement
Release
21 Jul 2025 8:23AM
Price at Release
$0.300
Full Release
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Summary
Rox Resources Limited (RXL) announced a significant increase in underground Mineral Resources at its Youanmi Gold Project, raising the total underground resource to 2.1 million ounces of gold. This marks a 39% increase in contained ounces from the previous estimate. The report highlights the robust grade of 6.9g/t Au and emphasizes that the updated resource base provides a strong foundation for ongoing feasibility studies and further resource growth through additional drilling. The announcement also outlines the methodology used for resource estimation, updates on drilling campaigns, and future plans to enhance the value and potential of the project.
Key Points
  • Rox Resources Limited announced an updated underground Mineral Resource for the Youanmi Gold Project.
  • Total underground resource increased to 2.1 million ounces of gold, a 39% increase in contained ounces.
  • The resource has a robust grade of 6.9g/t Au.
  • Update provides a key milestone for the project’s feasibility studies.
  • Additional drilling is expected to further increase the resource.
  • Methodology for resource estimation and classification is detailed in the report.
  • Ongoing work includes further drilling, metallurgical studies, and technical assessments to support project development.
  • Surface and underground drilling results have contributed to the upgraded resource estimate.
  • The announcement emphasizes continued growth potential at the Youanmi Gold Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.