RXL 0.00% 14.0¢ rox resources limited

A Rox re-rate is coming, page-275

  1. 10,075 Posts.
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    I'm happy to discuss the refractory ore.
    Grace is non refractory oxide with a very high recovery rate in standard (cheap) processing.
    The Younami Deeps is mostly refractory at depth and likely will be turned into a concentrate, It will have an AISC
    of around $1500 oz au which is more than double the AISC of Grace but still very profitable. The POG today is over AU2,400 oz au.
    Grace South and lateral drilling is oxide.
    The deeper Pollard extension at Junction is partly refractory but can be conventionally processed by fine grinding.
    The fine grinding will add only marginally to the AISC and Capex for the mill.
    Because the Junction ore can be processed cheaply it is being included in the Grace and near mine resource update (this month) that will feed the
    start up (see Canaccord option 1 startup).
 
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