ROX RESOURCES LIMITED (ASX:RXL) - Ann: Rox Resources raises $7m to drive next phase of growth, 69885346, page-48 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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ASXRod

28 Posts.

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16/09/23

15:40

Post #: 69885346
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Originally posted by ASXRod: ↑

Paddy's Lode was hailed as a significant discovery and there was broad geo and institutional consensus that it was another of the big finds like the Pennys that the Youanmi Shear Zone is famous for. The share price jumped to 46 cps which shows the potential gain if the current exploration pays off. After the latest drilling results, Paddy's Lode was downgraded to a discovery. But it certainly could be significant as indicated by the first drilling results and the IP survey results showing strong sulphide (likely gold) related hits on strike,
To provide the 5g/T Au feed for the 2022 Scoping Study between 80,000 and 90,000 ozs is needed, depending on the results of the infilling drilling. If Paddy's is not a huge discovery but can provide part of the feed with the rest from other projects such as Midway, Currans, Linda Gossan etc Rox will be able to progress quickly to production. While a major new discovery is very possible restarting the Youanmi mine does not depend on it.

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RXL Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.5¢		Change 0.005(4.17%)		Mkt cap ! $50.88M

Open	High	Low	Value	Volume
12.5¢	14.0¢	12.5¢	$191.0K	1.475M

Buyers (Bids)

No.	Vol.	Price($)
2	309453	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	182442	7

View Market Depth

No.	Vol.	Price($)
2	309453	0.125
8	1567317	0.120
7	357408	0.115
3	108518	0.110
2	19523	0.105

Price($)	Vol.	No.
0.130	182442	7
0.135	50000	3
0.140	425396	6
0.145	145929	1
0.150	84109	5

Last trade - 13.22pm 26/06/2024 (20 minute delay)

RXL (ASX) Chart