A Scoping Study for near term production, page-6

Surprised to see the share price below 20 cps today.

Venus with MD on the Rox Board bought more at 20 cps as did long time backer Hawke’s Point lifting their stake to almost 10%. Rob Ryan has bought at 20 cps. All these are really insider trades. And if share holders agree, directors may be buying shares at higher than on market ie 20 cps. I just voted yes to that item on the AGM agenda.

This latest ann is mostly good with 2 disappointments. Target 1 is a duster which reminds us that IP Surveys are not gold finders, but sulphide detectors which is associated with gold at Youanmi but not 100%. Linda Gossan is not significant. But Currans shows promise of being a medium sized shallow deposit of probably free milling oxide gold. The new blind discovery 6M @ 5.22 inc 3 @ 9.47 g/t. is hosted in 6m wide quartz. That’s the geology that Youanmi is famous for. Penny West was one of the highest grade deposits in WA and was a 5m wide quartz lode.

The presentation is more revealing than the ann. After declaring Paddy’s Lode a significant new discovery and hosting mining media and instos at Youanmi to celebrate only to have to backtrack, RR is understandably careful in what he says about Paddy’s. Hopefully Rox is reviewing risk management of Board announcements (will ask at the AGM). But Paddy’s is 100- 150m of strike and open at depth. It has a width of 4- 6 metres which is similar to the Youanmi main lode and at least some sections host spectacular long intersections eg RXRC458: 28m @ 34.81g/t Au from 204m. Rox has a lot of gold to find to reach its production targets but it's also finding a lot. Likely Link +50kozs, Currans +40kozs, Paddy’s +60kozs is getting close to the Scoping Study feed for 71koz output PA with several more targets to be reported on soon including a second Paddy’s, Midway and T2 gold in granite.

Good to see billionaire geologist and mining heavyweight Mr Chris Wallin in the Top 20 along with QGold and IGO. These are astute investors.