RXL rox resources limited

The ann on 22nd June said the Scoping Study needed more...

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    The ann on 22nd June said the Scoping Study needed more info.
    These are challenging times to be delivering a Scoping Study with surging inflation in WA mining and tighter finance. They need to impress the instos that will be asked to fund Rox going forward to production.
    Rox is cutting down on Capex so the company has less to borrow which means starting on a smaller scale than the planned 1.2 MTPA plant, perhaps even repairing the existing plant or using more parts of it. They are also be looking again at the shallow resources to get the highest possible grade for the open pit pathway to production. The ann on the high grade Grace deposit was the start of this analysis and others may follow on other pitable deposits such as Bunker and the Plant Zone.
    The changed environment in WA mining has led to the Scoping Study delay but imo their prospects of delivering a robust Study are high.
    The addition of a new director to the Rox Board with high level skills in feasibility studies and mining will be valuable here.
    The Study is a critical milestone and Rox has to get it right. As frustrating as it is a few more weeks is well worth the wait for a more compelling outcome



 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
32.0¢
Change
-0.010(3.03%)
Mkt cap ! $238.9M
Open High Low Value Volume
33.5¢ 33.8¢ 32.0¢ $515.0K 1.573M

Buyers (Bids)

No. Vol. Price($)
3 64463 32.0¢
 

Sellers (Offers)

Price($) Vol. No.
32.5¢ 63565 2
View Market Depth
Last trade - 16.10pm 23/07/2025 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.