Feasibility Studies timeline

It’s not the size of the resource that counts, it’s the size of the resource that can be profitably mined with a fundable Capex.

Rox is engaged in identifying that part of the Youanmi 3m oz gold global resource that can be profitably mined using the gold concentrate process described in the Scoping Study.

This is the official timeline.

But in keeping with the conservative approach under RR's leadership this could be significantly shortened.
The best prospect for dramatically reducing the timeline is Midway.

Drilling here is not to convert inferred to indicated gold ozs. Midway is a new high grade gold discovery so drilling could add significant mineable indicted or measured ozs.
Looking at the annual payable gold (below) without a significant conversion of inferred to indicated or measured ozs of gold the actual production of gold is not high enough to be feasible. While the conversion to indicated gold is likely to be successful a new discovery shortcuts the process by directly adding gold ozs. 50,000 ozs of gold at Midway would shorten the feasibility timeline and there could be a lot more gold than that.



MIDWAY

Midway is located 300m within the hanging-wall of the Youanmi Main Lode and presents an excellent near mine exploration target which is open in all directions.
Results to date:

 RXDD022: 4m @ 45.5 g/t Au from 341m, including 1.33m @ 129.3 g/t Au from 341.75m;

 RXRC449: 8m @ 5.1 g/t Au from 212m including 4m @ 9.45 g/t Au from 212m and 4m @ 6.03 g/t Au from 140m;

 RXDD046: 3.87m @ 9.9 g/t Au from 328.33m, including 2.45m @ 15.02 g/t Au from 328.8m; and

 RXDD045: 3.62m @ 6.49 g/t Au from 315.42m, including 0.86m @ 21.03 g/t Au from 315.42m.

RC and DD dialling at Midway has been underway since early January with first results due before the end of this month.