Ann: Entitlement offer to raise up to $7.62 million, page-35

The corner Rox turned was to replace Passmore with Rob Ryan and deliver an outstanding updated resource of 16.2Mt @ 4.4g/t Au for 2.3Moz for the Youanmi Gold Project, a 21% increase in the overall Youanmi Indicated Resource

The Youanmi Underground Indicated Resource that forms the basis for the PFS is 1.10Moz at 6.1 g/t Au. Show me another junior with a market cap under $150m with a similar indicated resource at that grade. A PFS based on that resource and the high price of gold will be outstanding with no further drilling needed. But Rox wants to grow the resource and ultimately generate more free cash. Rox will soon have $7m from the CR and perhaps another $10m from the sale of non-core assets. A well-funded drilling campaign at Currans, Midway and Paddy’s Lode etc will convert more of the 2.3m oz into indicated gold and add it to the gold reserve in the DFS. Perhaps Rox will also drill their high prospective lithium tenement?