RXL 3.70% 13.0¢ rox resources limited

Youanmi Gold Project resource upgrade

  1. 10,075 Posts.
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    A Scoping Study is underpinned by a solid resource so with both the Study and the Resource Upgrade due this quarter it makes sense for the upgrade to be announced first.
    Rox tweeted the following today.. a hint I would think that the resource upgrade will be very strong. . An excellent outcome would be 3.5M oz au but the grade will be just as important. Most of the drilling has been near surface so the Deeps at 9,900,000 @ 6.89g/t for 2,194,000 oz Au may not have changed But the near surface which was 18M t @ 1.7g/t for 1,004,000 oz Au may well have jumped both in gold ozs and grade + strong conversion from inferred to indicated and measured.
    Rox is bigger than RMS now and approaching half the size of DEG's monster resource (see below) and Younami has a much higher grade than both. Compare the market valuations.


    https://hotcopper.com.au/data/attachments/4623/4623333-4c078ff1a35387ec7da6af9198ed763f.jpg
    https://hotcopper.com.au/data/attachments/4623/4623361-23a0adaf9c609761acc370c019673d15.jpg
 
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13.0¢
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Mkt cap ! $52.91M
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13.0¢ 13.5¢ 12.5¢ $187.0K 1.434M

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13.5¢ 107911 4
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