Rox Resources Limited (ASX:RXL)

Alex Passmore
Market Cap (AUD): 54.91M
Sector: Materials
Last Trade (AUD): 0.325 +0 (+0%)
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1. About

Rox Resources Limited (ASX:RXL) is a mining company with advanced gold and nickel projects in Australia. Rox Resources owns a 70% interest in the Youanmi Gold Mine and 100% of the Mt Fisher Gold project and the Fisher East and Collurabbie Nickel Projects in Western Australia.

The Youanmi Gold Mine is Rox's flagship project and offers significant upside in both development and exploration potential. The company co-owns the Youanmi Gold Mine with Venus Metals Corporation Limited (ASX:VMC). The Mine has a JORC 2012 compliant Mineral Resource Estimate of 12.4Mt at 2.97g/t Au for 1,190,600 ounces of gold, including a near surface portion of 10Mt at 1.65g/t Au for 532,000 ounces of gold. Rox is responsible for management of the Youanmi mine.

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9. Risk