Rox Resources (ASX: RXL)
City Investors Circle has initiated coverage of Rox Resources.
Rox is a Western Australian gold exploration and development company with a flagship asset, the Youanmi Gold Project.
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Project location map – Courtesy of Rox Resources
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| Rox Resources | AXS: RMS | |
| Stage | Development | |
| Metals | Gold | |
| Market cap | A$904 Million @ A$0.65 | |
| Location | Western Australia | |
| Website | www.roxresources.com.au |
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Initiating Coverage of Rox Resources
Rox Resources (ASX: RXL) City Investors Circle has initiated coverage of Rox Resources.
Rox is a Western Australian gold exploration and development company with a flagship asset, the Youanmi Gold Project.
Company profile
The Youanmi Gold Mine is located 480km northeast of Perth and 400km inland and to the east of Geraldton.
It is sited in the central part of the Youanmi Greenstone Belt, which is situated in the Southern Cross Province of the Archaean Yilgarn Craton in Western Australia, “Australia’s premier gold province“.
The Project is surrounded by million-ounce mines and major gold producers.
The Project has a proven track record of production with historical production of 667koz from both open pits and underground mining.
Due to its history, the Project comes with comprehensive site infrastructure and decline that Rox can leverage off.
Mine profile
The Youanmi Gold Mine located near the centre of the project tenement package has historic production of 667,000 ounces of gold grading 5.42g/t from open pit (1987 – 1993) and underground operations.
The operation was closed in 1997 when the gold price was approximately A$450 per ounce with the last parcel of ore mined underground at 14.6 g/t Au grade.
The Youanmi Project Mineral Resource 12.4Mt at 5.5g/t for 2,195koz of gold can be categorised into open pit portion of 1.2Mt at 1.7g/t for 0.07Moz of gold and the underground portion of 10.9Mt at 6.0g/t for 2.1Moz of gold. (ASX: 21 July 2025).
Rox has 100% ownership of the Youanmi Gold Mine and 90% to 100% of the regional exploration tenure.
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The Rox Resources share price and chart can be found HERE
..To View Rox Resources’ historical news, please click here
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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
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Disclosure
At the time of writing the author holds shares in Barton Gold.
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