The price of gold in 2023 Rox’s Scoping Study was $2,450.At the...

The price of gold in 2023 Rox’s Scoping Study was $2,450.

At the current POG the payback period is less that 2 years and profitability is dramatically improved with a much higher AISC margin.

Rox is rapidly expanding its indicated gold resource at 5g/t or higher to get into production ASAP.

Successful Link drilling closed much of the gap in high grade feed but Rox needs more in order to upscale the planned production.

Rox is now hoping to get more indicated gold from compelling targets most of which have already had excellent hits. This is a quicker and less expensive route to production than more inferred to indicated drilling.

High confidence targets are Currans, Sovereign, Linda Gossan and Paddy’s Lode.

https://www.investi.com.au/api/announcements/rxl/2c97c7d8-516.pdf

As well as these there are high confidence targets at Youanmi South identified by an IP survey.

The Youanmi Shear zone over which Rox has 60 km of tenure hosts some of the highest grade gold resources in the world eg Penny Gold (RMS).

There is an excellent chance of finding enough gold to get into production and a very good chance of finding another Penny.