RXL 0.00% 13.5¢ rox resources limited

Ann: VMC: RC drilling commenced at Currans Find Youanmi Gold Proj, page-10

  1. 15,032 Posts.
    lightbulb Created with Sketch. 95
    Yes your right K999 , Also we have the Lowest MC $$ in the Bank & all that land etc

    We also have this Guy/Co right the Mix of all of it
    Murchison Earthmoving & Rehabilitation Pty Ltd, a fully‐owned company of Mr Doug Taylor,
    https://kalkinemedia.com/news/rox-and-venus-enter-into-a-purchase-agreement-with-mer/

    # At any point up until June 2021, Rox may elect to move to 70% ownership of the OYG Joint Venture via the payment of $3 million (in cash and shares) to VMC

    # The existing infrastructure in place at Youanmi provides Rox a significant head start in pre-development activities. The process plant requires significant refurbishment although there may be opportunities to refit portions of the plant and to look at early production opportunities.

    # The Youanmi village and infrastructure will provide Rox a substantial base for exploration activities for its regional projects in addition to Youanmi providing immediate operating cost savings to current exploration plans.

    # The transaction is consistent with Rox’s recently re-stated strategy to acquire near-production assets within its financial capacity and skill set.
 
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