RXL rox resources limited

Rox started their Step Up drilling campaign by drilling at...

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    https://hotcopper.com.au/data/attachments/6812/6812743-efc8b4b398c1829ca20737b0b4d60984.jpg
    Rox started their Step Up drilling campaign by drilling at Kathleen and United North in December last year.
    No results have been announced, so these must have been without significant gold intercepts.
    That doesn’t mean they were a waste of money. DD cores provide information to add to the digital map of the Youanmi resource, and that can be as important in guiding the drilling campaign as actual intercepts of gold.
    Dusters to the average investor but valuable information to Wilding and his team.
    Those who are tracking Rox staff changes will have noticed that Wilding has now assembled a world-class team.
    There are still 2 rigs at United North following up on drill core info and the high-grade hits previously announced from the 11,000 m drill campaign in 2024 .
    https://api.investi.com.au/api/announcements/rxl/f0fd32ce-260.pdf
    Rox was always going to do more drilling at United North.
    The area has silica-sericite-carbonate and chlorite-carbonate in mafics and quartz-kaolin in granite, which hosts exceptionally high-grade ore.
    United North is going to be an important part of the upgraded MRE due to be announced in Q2 this year.
    There are also 3 diamond drill rigs spinning 24/7 at Pollard.
    These are deep holes into previously undrilled zones under Pollard and between Paddy’s Lode and Pollard.
    Pollard is a significant target for its possible hosting of another Youanmi main lode.
    It would be acceptable to the ASX for Rox to not announce individual Pollard results until they have multiple drill holes assays confirming exactly what is there.
    That’s what Rox should have done at Paddy’s under the previous management rather than celebrate finding a major discovery that actually wasn’t.
    Rox has stated that the first drill results will be announced this month and will certainly meet that timeline.
    The most significant news that Wilding will deliver at the RIU presentation on Tuesday is that the DFS is on track for completion this year.

 
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