Rox has disclosed that Nathan Stoitis is a Hawke’s Point appointment.That explains how Rox could attract such a high-level director.
https://api.investi.com.au/api/announcements/rxl/f50c8465-1a0.pdf
While somewhat embarrassing for the Rox Board, Hawke’s Point intervention is very positive news for shareholders.
The DFS is finally in sight with the tailwinds of the record price of gold, but Rox has been moving far too slowly.
The priority is to grow the Reserve.
It’s not possible to design the mine plan for the DFS and calculate the metrics until that is complete.
Cash-strapped Rox could only manage an 11,000m drilling campaign on 12th August with the final results at the end of this year.
Topdrill have just 1- 2 rigs in the field.
Past MD Passmore drilled 20,000m in 3 months with 4 rigs.
The pattern of Hawke’s Point is to make management changes and then provide funding.
That’s what they will do for Rox imo
That will accelerate progress towards the DFS due next year/
(20min delay)