Rox pivots to high grade early start mining.

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Rox is confident that there will be a strong increase in the next JORC which will include all the 2021 results.
That will take the total gold ozs to well over 2Moz au with a grade around 3g/t Au (currently 1.7Moz at 2.85g/t Au (ASX: RXL 23 June 2021).
But the focus now is an early starter mine to generate a cash flow while preparing to mine the Deeps.
The significance of today's results is that they come from Hill End, which together with Grace will be the feed for the planned small scale mill.
Grace and Hill End are relatively shallow, oxide high gold with a very high recovery.
AISC will be around $700 oz Au providing a profit of around $1,800 oz.
Rox recently announced that they had cracked the Link code by high tech analysis of its geology and historical drilling results.
Todays ann is proof of concept.
With the Link code and using the directional device on drill bits (see Taking the Plunge) the Hill End resource is likely to be significantly increased.
The other development is the extension and infill drilling of Grace which will increase Grace from 109K oz au to around 150K oz au
This extension to the Hill End resource and the drilling of Grace lifts the target to around 300K oz au high grade and possibly a lot more imo.
Canaccords original production thesis that appeared spoiled by the first Grace JORC is now back in play

A small scale (0.5Moz resource), low capex and high-grade start-up where RXL defines a +7g/t coherent free-milling inventory capable of producing ~80kozpa for three years through a 300ktpa plant that could cost A$50m (noting that some refurbishment of the existing infrastructure would be required as well as expected resource growth). AISC could be a lowly A$700/oz.