Rox Resources Limited
RXL.AX
Australian Securities Exchange0.42
AUD
+0.01
- -
Rox Resources Limited
RXL.AX
(Australian Securities Exchange)
Recent
price
0.42
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Rox Resources Limited (ASX:RXL) engages in gold exploration and development primarily in Western Australia, focusing on high-grade deposits at its flagship 100% owned Youanmi Gold Project spanning 697 square kilometers near Mt Magnet, 480 kilometers northeast of Perth, which hosts a mineral resource of approximately 2.3 million ounces at 4.4 grams per tonne gold and targets production of 817,000 ounces of gold doré over the life-of-mine averaging 117,000 ounces per annum over an initial seven-year period with pre-tax NPV8 of A$1.4 billion, IRR of 69%, and all-in sustaining costs of A$1,978 per ounce; the company also holds interests in the Mt Fisher-Mt Eureka gold projects and regional exploration tenure at Penny South with gold and lithium potential, alongside historical nickel exploration capabilities. Founded in 2003 and headquartered at Level 2, 87 Colin Street, West Perth, the company operates exclusively within Australia, targeting institutional investors and advancing toward mid-2027 first gold production via a processing plant incorporating the Albion Process for oxidative leaching to achieve 92.6-95.8% recoveries on refractory ores. Recent developments include achieving 100% ownership of the Youanmi Gold Project through the 2023 acquisition of Venus Metals' 30% stake for 110 million shares, a A$27 million capital raise in 2024 followed by A$40 million placement in 2025 and a landmark A$200 million institutional placement in November 2025 led by L1 Capital's A$60 million cornerstone to fully fund development including a 350-room camp and infrastructure, alongside positive metallurgical testwork, resource growth to 2.3 million ounces, and high-grade drilling results at prospects such as Link, Currans Find, and Midway confirming ongoing exploration upside.