Resource drilling at Kathleen and Link is designed to delineate adequate reserves to accommodate the first years of the production target in upcoming Youanmi Gold Project feasibility studies
The milestone Pre Feasibility Study will probably underpin the first 3 years of production imo Note how little resource conversion (light blue below) is needed to underpin years 1-3 of gold production.
Most of the dialling is focused on resource conversion but Rox are also drilling out Midway to increase the size of the resource. Preliminary drilling at Midway (between the main pit and Bunker) intercepted numerous high-grade intercepts including: (ASX announcement 8 June 2022). Very likely that resource growth will allow Rox to add another year of production to the LOM with many more years to come as feasibility studies progress, Only 20% of the Youanmi resource was included in the Scoping Study. The PFS could be delivered quickly with much improved metrics compared with the Scoping Study.
My Opinion DYOR
RXL Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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