Rox is not pivoting to Lithium. This is a sales pitch to...

Rox is not pivoting to Lithium. This is a sales pitch to investors at the RRS conference on Thursday.

Rox is now at the start of a feasibility process that will cost many millions. There is the Pre-Feasibility study due in June then the Feasibility Study and then the Definitive Feasibility Study. All along the way Rox will be drilling to add to the MRE that underpins the feasibility studies.

Every share issue to raise cash dilutes the share registry and devalues our holdings so raising cash without dilution is an excellent option.

Rox now have 3 non core prospects, Fisher Gold, Eureka and Youanmi Lithium.

The low price of critical minerals is exactly when smart companies make counter cycle acquisitions to get them cheaply and Rox will be pitching to them at the RRS as well as making direct approaches.

Eureka is on strike with Cannon’s nickel assets. Rox IPO’d its nickel assets into Cannon that was then purchased by Kinterra Capital for $45m and since then Cannon has made new discoveries and is doubling their work camp this year. Meanwhile Kinterra has raised US$565m targeting critical mineral assets. Kinterra could well snap up Eureka and the Youanmi lithium prospect. An IPO is also a possibility.

Rox will do more low cost non drilling exploration at the lithium prospect and Eureka and perhaps could get $10m ? for the prospects. That’s cash raised without dilution to take Rox right through to the PFS. Raising money after the PFS will be possible at a much higher share price than the recent 20 cps raise so that is the best timing.

We get the Quarterly this week plus the RRS conference presentation so this will be an interesting week.