Rox Resources Limited (ASX: RXL)
Abstract
Rox Resources Limited (ASX: RXL) owns 100 per cent of the Youanmi Gold Project, near Mt Magnet in the East Murchison Mineral Field of Western Australia. The production history Rox publishes gives about 667,000 ounces of gold from three periods of mining since 1908. Older reports say that total includes ounces from Penny West and other nearby mines. Youanmi last closed in November 1997.
The company published a Definitive Feasibility Study in November 2025. It plans 817,000 ounces over about seven years from an underground mine, at an all-in sustaining cost of A$1,978 an ounce and a capital cost before production of A$383 million. The Mineral Resource is 2.2 million ounces at 5.5 grams of gold per tonne. The Ore Reserve is 727,000 ounces at 4.7 grams per tonne, all in the lower Probable class.
Since the study, Rox has raised A$218 million in equity and arranged A$350 million of bank facilities. It has received its major approvals and signed the plant contract. On 5 October 2026 it announced its first debt drawdown, of A$90.2 million. The date for first gold, the middle of 2027, has not changed in any announcement.
