Rox confirms high-grade gold production plan in DFS

Rox Resources (ASX: RXL) has delivered a significant high-margin production target profile in a definitive feasibility study (DFS) for its Youanmi gold project in WA.

The study confirmed an updated ore reserve estimate of 4.4mt at 4.8 g/t for 674koz contained gold with an increased underground production target of 5.7mt at 4.9 g/t, delivering 900koz of contained gold.

Peak annual gold production is expected to reach 176,000oz, averaging 117,000oz/pa over an initial 7-year mine life post-commissioning.

Rox Resources chief executive and managing director Phill Wilding says the DFS clearly showcases the technical and economic viability of Youanmi.

“The study solidifies our plan for production, delivering cash flows with a AISC margin of greater than $4,100/oz at today’s prices,” he said.

In the DFS, Rox also outlines a plan to build a 1,000ktpa mill, with a base line mine feed of 900ktpa with a clear pathway to increase mining outputs through significant depth and lateral expansion opportunities with near mine growth targets.

The company is focused on underground drilling to grow the indicated resource, with the first decline underway at United North. Detailed engineering and early plant equipment orders are expected to begin shortly.

Rox intends to make a final investment decision in Q1 CY26.

“From there, we expect mill construction to commence early Q2 CY26 and first gold pour from Youanmi in mid-CY27,” Mr Wilding said.

“With the DFS complete, early works underway, and a highly compelling business case for our gold project, Rox is confidently launching into the next stage of our journey to becoming the next high-grade, high-margin and sustainable gold producer in WA.”