Q with 3Moz why only 624koz make it in when it's high level?
This is a study for a starter mine that's to tick several boxes. Low Capex, high grade, acceptable AISC, profitable. There is 2.,194,00 m ozs of high grade gold in the Deeps and Rox will mine it in time but resource in this study targeting 71koz pa at an average feed grade of 5.0g/t Au ticks all the boxes.
Q 21% is inferred. 30% of a Scoping Study can be inferred so 21% is conservative.
Q I also don't get why build a gold room for 58koz? That's ridiculous.
Rox is not building a gold room, there is already a gold room from the 1990s. They are refurbishing it at minimal expense.
Q I recall Milan at WMC stating gold in conc payability has improved to 80%, minus penalties. RXL is claiming 91% 624koz to 569koz - unsubstantiated.
Rox have encountered insto hesitation about Younami, "It's refractory." In response the company put a lot of effort and $$ into metallurgy. Their studies are independent and another update is due soon that will likely improve on the gold recovery and profitability of the mine..
RXL Price at posting:
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