RXL

0.00%

13.0¢ rox resources limited

M0ngy, I admire your enthusiasm, but you running interference on...

First 6 Last

Share
Profile

Follow
zencol

1,245 Posts.

417

29/07/22

12:59

Post #: 62808520
Share

Originally posted by m0ngy: ↑

Rox isn't the only company to be impacted by the acute labour shortage in the WA mining industry. From PGL this morning:

Resource modelling has progressed slower than expected. Availability and timing around key resources and consultants has delayed the completion of this work plan.

Good to see the low spend in Q2 and that the Scoping Study will be released before the next CR.
Rox has to get the Scoping Study right regardless of the time it takes. Hawke's Point, cornerstone investor, has provided high level technical support throughout and they will make sure the Scoping Study is robust, They are likely to fund the Capex and have to justify the spend.
Of note is the focus on Link which is the next highest grade near surface deposit after Grace.
Why bother with Link when Rox has 1m oz Au near surface?
To get the Capex low, which is what Rox needs to do, they have to buy a small plant, probably less than 1 MTPA.
A small plant is fine for the Deeps high grade ore but for the time being Rox want to avoid the cost of rehabilitating the decline to access that gold.
A small plant can't profitably process relatively low grade near surface ore.
Down the track when the plant is expanded the 1m oz au will be processed but for the restart higher grade ore is needed.
So Rox would be firming up the existing resources at Grace and Link and they are likely to be the feed for the restart.
Link has produced some excellent hits over the past year or so and will now be infill drilled to convert inferred to indicated ozs of gold.
Then we will get a robust Scoping study for a near term restart with a Capex of around $150m or less.

Expand

M0ngy, I admire your enthusiasm, but you running interference
on APs behalf is becoming dated and extremely repetitive.
I do agree with most of your assessments, but it's time AP
either meet his forecast announcements or not say anything.
we still haven't healed from the visible gold fiasco.
From my point of view no news is better than BS announcements.
that don't come to fruition, thats what destroys credibility and SP.

RXL Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
18 Upvote

1 Great analysis

Reply

Top Stories

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

RCE

Recce's R327 found effective against E.coli during clinical trial

There are more pages in this discussion • 33 more messages in this thread...

First 6 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $52.91M

Open	High	Low	Value	Volume
13.0¢	14.0¢	13.0¢	$156.1K	1.178M

Buyers (Bids)

No.	Vol.	Price($)
3	521631	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	7922	1

View Market Depth

No.	Vol.	Price($)
2	321631	0.130
10	977146	0.125
7	1528726	0.120
3	67408	0.115
2	36699	0.110

Price($)	Vol.	No.
0.140	249694	3
0.145	65000	1
0.150	74109	4
0.160	21774	1
0.165	126061	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

RXL (ASX) Chart

M0ngy, I admire your enthusiasm, but you running interference on...

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

M0ngy, I admire your enthusiasm, but you running interference on...

Top Stories

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News