Near Surface Resource in production in 2023, page-87

Within a few months Rox will deliver their Scoping Study for the Youanmi Mine.
For those not familiar with scoping studies below is DEG's
https://degreymining.com.au/wp-content/uploads/2021/10/20211005-DEG-ASX-Scoping-study-full-release-lodgement.pdf
Highlights include:
AISC
Capex
Cash flow
NPV
IRR
Rox's Scoping Study will include mine design options for both the Near Surface Resource and the Deeps, 2 mining engineers are working on this part of the study.
The Scoping Study should have a positive impact of the Rox SP.
The Scoping study due in June will hopefully remove much of the uncertainty about the economics of the mine restart.
Rox is working 24/7 to complete this study, the only holdup may be outstanding drill results from 2021.
Following the Scoping Study the Rox Board will proceed to the DFS, the key study that will be used to attract funding for the mine Capex.
That should be complete by Q4 and should re-rate the Rox SP.

















Highlighsts