With a pro-forma cash position of $57.1 million, Rox has the balance sheet flexibility and a world-class team of mine builders to accelerate development activities.Mine-building activities, including building site infrastructure and early mining from the declines, will be underway this year, well ahead of the CY26 timing.
I see the likelihood of significant timeline improvement on the 2024 Pathway to Development.
As shown above, the DFS, FID and Capex funding milestones are likely to be achieved this year.
These are all market-sensitive, and getting the Capex funds in particular will send the share price soaring (as it did with Capricorn Metals).
Mine construction will probably be completed in CY26 with the first pour late that year or very early in CY27 (the team will probably work over Xmas again to make it happen).
(20min delay)