RXL rox resources limited

1.56%

31.5¢

SP capped at 25 cps by trading bots imo.

First 3 Last

Share
Profile

Follow
MrAu

4,102 Posts.

1338

26/08/22

12:40

Post #: 63342540
Share

Originally posted by m0ngy: ↑

Agree. The last Younami resource upgrade to 3M oz Au back in Jan spiked the share price but not for long.
Imo doubts were:
Too many inferred gold ozs
Refractory ore in part
Capex to get into production?
Time line to get into production?

In the current quarter the resource increase will likely have a strong conversion of inferred to indicated and measured ozs ie real gold ozs that can inform the DFS as a Reserve. These indicated and measured ozs are pretty much the only gold ozs count when asking for Capex finance (perhaps 20% inferred acceptable).
The resource increase will be followed by the Scoping Study that will be robust (as Rox has indicated).
Imot the company can get into production with a low Capex and profitable operation featuring a small plant with high grade feed.
Rox has already announced a high recovery and low Capex concentrate process for the refractory ore component.
We also have the Grace resource update due in Q3, which may grow this resource to more than the current 30K oz Au and convert inferred to indicated and measured. In time Grace is likely to deliver some healthy profits to Rox though the AISC is unknown.
The above combination of resource grade, robust Scoping Study and Grace update will hopefully rerate the Rox SP.
Interesting that despite the high recovery from refractory ore already announced Rox will announce in Q4 more metallurgic results which would seem to indicate that they are going for an even higher recovery. That means more profit.
Imo we will see a rerate this Quarter and one that will hold as Rox completes its all important DFS and early production.
There is a CR coming so the rerate scenario needs to play out for Rox. So there is risk but the strategy looks very positive.

My opinion DYOR

Expand

SP capped at 25 cps by trading bots imo.

RXL Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASE

Astute delivers high-grade lithium hits at Red Mountain

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

First 3 Last

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 31.5¢		Change -0.005(1.56%)		Mkt cap ! $235.1M

Open	High	Low	Value	Volume
32.5¢	32.5¢	31.5¢	$211.0K	666.0K

Buyers (Bids)

No.	Vol.	Price($)
2	53368	31.5¢

Sellers (Offers)

Price($)	Vol.	No.
32.0¢	55254	2

View Market Depth

No.	Vol.	Price($)
2	53368	0.315
4	91645	0.310
2	150000	0.305
1	3333	0.300
2	97000	0.295

Price($)	Vol.	No.
0.320	55254	2
0.325	108280	3
0.330	146360	4
0.335	172466	2
0.340	150000	2

Last trade - 16.10pm 25/07/2025 (20 minute delay)

RXL (ASX) Chart

SP capped at 25 cps by trading bots imo.

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Astute delivers high-grade lithium hits at Red Mountain

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

SP capped at 25 cps by trading bots imo.

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Astute delivers high-grade lithium hits at Red Mountain

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News