RXL's Grace resource was hoped to be 300,000 high grade oz @7g/t...

RXL's Grace resource was hoped to be 300,000 high grade oz @7g/t

Estimates were a Capex $50m AISC $700

The Grace JORC was 109,000 oz (but will be more) @ 7 g/t

Capex $50m AISC $700…….Youanmi restart? maybe?

Rox, with cornerstone investor Hawke’s Point, is moving fast to slash the Grace Capex and AISC in order to restart Youanmi.

D10 bulldozer to scoop a starter pit, world class cheap mine possible because Grace has very shallow oxide gold in granite some right from the surface.

Gravity focus in processing (project update 15th July)

Gravity recovered gold produces a faster cash flow, higher overall recovery and lower cost per ounce.

A gravity centrifugal concentrator is the simplest and least expensive the lowest cost gold to produce. Semi-continuous concentrators provide a continuous tailings discharge, with an extremely high-grade smelter ready product.

Gemeni Table currently being optimised for Grace oxide (project update 15th July) . The Gemeni Table is specifically designed to produce a gold concentrate that can be directly smelted to bullion.

With a greater reliance on economical low capex concentrators the residence time in the other circuits will be reduced and hence the overall plant capital cost.

Rox is also keeping in mind the next step of the mine which is to the Deeps some of which is refractory.
The Deeps is a massive resource 856,000 oz @ 7.9 g/t, indicated and inferred with a mine incline already in place.

Most of the Deeps refractory ore will be ground to ultra-fine particles to be gravity recoverable.

The new Capex and AISC in the forthcoming Grace Feasibility Study

Capex $30m AISC $500 oz au imo.

AISC margin will be around $2000 oz au, with a revenue flow of $240m

My Opinon DYOR