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Thanks Billinger.At an MC of $60M, this seems like offering a...

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18/06/24

11:14

Post #: 74366470
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Originally posted by Blinger: ↑

From the previous presentations, both.
here are the notes

Mining and Metallurgical Factors
It has been assumed that the Youanmi Near Surface Deposits will be mined by conventional open pit methods.
Due to the depth, and the previously developed underground mine, the resource is considered suitable for underground mining by long hole open stoping.

Opportunities
Rox considers the Project has favourable exploration upside as follows:

• Areas around the periphery of the Indicated resources that are not too deep (above -100m RL) can be infilldrilled from surface to seek to increase the Indicated resource. In particular:

o The areas between the Youanmi open-pit and Hill End/United North open pits above 250mRL;
o The area above 250mRL below the Kathleen and Revel/Kurrajong open-pits;
o The area below the Youanmi-Pollard open-pit between 350mRL and 250mRL, especially areas along
strike or between the historical workings that have not been excavated;
o The area around the Midway deposit, and
o The area between Pollard to and including Youanmi South (Paddy’s).
• Infill drilling would increase the quantity of shorter-range grade data resulting in improved variogram models and less smoothing of the estimated block grades and improved grade validation of the local estimate; and

• Exploration drilling of areas with sparse drilling and known mineralisation to further define further or upgrade the understanding of the mineralised zones for future mineral resources, i.e. the Satellite deposits, especially Midway and Youanmi South (Paddy’s).

January 30 Announcement probably best read.

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Thanks Billinger.

At an MC of $60M, this seems like offering a good risk v reward opportunity?

Have taken a small parcel in maintaining interest..

RXL Price at posting: 14.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Thanks Billinger.At an MC of $60M, this seems like offering a...

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Buxton projects new graphite province discovery at WA Narryer play

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Thanks Billinger.At an MC of $60M, this seems like offering a...

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

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