You were spot on in suggesting RMS may have an interest in RXL.
RMS’s production profile above shows the crunch from 2027 and explains why the company is being sold off.
Production falls and the cost of mining (AISC) soars.
Because the grade is lower, there is the capex of a bigger mill to process more ore to extract the same gold ounces.
2027 is the year Rox gets into production with a steady state output of 100 koz + PA.
Add the Youanmi production to the other Mt Magnet hub contributions shown above and RMS will be flying.
RMS has to be interested in Youanmi, but don’t say that on the RMS thread; there will be stupid replies like “refractory.”
There are some obstacles such as the Mt Magnet Checkers mill would need an additional circuit to process Youanmi ore (but why not have a stand-alone Mt Magnet hub member?).
The big picture of the RMS crisis from 2027 is that there are not many resources left to mine.
The Euroz Hartley RXL Site Visit Notes (link below) states there are not a lot of projects on granted mining tenements in Tier 1 jurisdictions which can produce >100kozpa PA and RXL has the right ingredients and people to get there.
There is also a very good chance that Youanmi will be producing a lot more than 100 koz PA.
MD and CEO Phil Wilding is reporting break-though geological understandings of the structural controls at Youanmi by the Rox geo team with Hawke’s Point in close support.
“The team have spent a lot of time re-interpreting old drill core, and using it to vector in on current targets within the mining leases. We expect as the company progresses through the remaining diamond drill data onsite, additional targets will come to the fore.”
New areas of mineralisation, Interceptor and Prospect have already been discovered.
Prospect appears to be much like the Youanmi Main pit area, so quite different to the disappointingly nuggety Grace deposit.
Prospect is a new system in which high grade ore is likely to be continuous along strike.
It’s too early to put an MRE on these new discoveries but there is a lot of potential.
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