Gold deposits in WA that have 3 Moz Au in one zone/mine are few and far between.
But that's not the really exciting thing about Rox.
Almost all major gold companies like Ramelius and Capricorn have large multi million oz reserves but at low grade.
Rox has nearly 2.2Moz Au at ~7g/t Au in the underground Deeps.Show me another company with a resource like that.
There is more to come. Keep in mind that the Deeps at depth has never been drilled with the last ore at 14g/t.
Rox focussed on drilling the shallower section of the Deeps because of the cost of DD drilling to over 1000m to test under the resource.
Note that the resource is wider than the decline so relatively shallow gold with an AISC margin of well over $1000 oz au.
But with the breakthrough of a very high recovery process for refractory gold at depth almost all of the resource can be mined.
If you crunch the numbers on an average AISC margin of $1,000 oz Au for a couple of million ozs it's obvious that Rox is going the ranks of billion dollar gold companies.
