hold RXL

Rox is a rare, near term cash flow junior with a large JORC including a high grade, low AISC gold resource
Younami JORC 1.2 m oz au (not upgraded since 1980s)
Includes: Younami Deeps high grade 660K oz au
Recent finds: Grace and Younami Sth shallow high grade oxide 200K oz au++
Grace deeper mineralisation ? very high grade oxide with visible gold in first RC samples (more pending).
Plant zone 50 - 100k oz au
Shallow low grade low AISC
Other zones 50K au+
Grace JORC in Sept
PFS by the end of this year.
Penny West strike extension 6 highly prospective targets. Drilling has commenced.

Gold price $2,585.72 oz au
The combination of high risk, low opportunity cost and positive price momentum looks set to support investment in gold and offset weakness in consumption from an economic contraction in H2 2020, the Council says. According to data compiled by the WGC, gold had a remarkable performance in the first half of 2020, increasing by 16.8% in US-dollar terms and significantly outperforming all other major asset classes.