Substantial 39% increase to Youanmi Gold Project Resource to 1.7Moz Highlights: • Youanmi Total Mineral Resources increased by 466 koz (+39%) to 1,656 koz of contained gold (Au). Junction and Link mineralisation to be incorporated in later models. • Mineral Resource Estimates for both Youanmi Near Surface and Youanmi Deeps Resources have realised significant increases with 48,000 metres of combined diamond and RC drilling completed and results incorporated into this estimate. Exploration work is ongoing. • All in exploration costs for the project since the last published resource (2019) indicates a $16 per ounce discovery cost for this addition to the resource, well below industry averages. • Grace Maiden Resource defined to contain 109koz of contained gold at 7 g/t Au with upside potential remaining. • Near Surface Resource increased by 50% to 800koz Au in total. • Deeps Resource shows impressive growth (+30%) to 856koz Au with high grades preserved (7.9g/t Au resource average) • Increase in Au metal ounces per vertical metre for Youanmi Deeps over key potential mining depths
RXL Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
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