Many variables will determine the timing along the pathway to production.It’s always interesting to get an insider’s opinion; there is no better insider than a director on the Board.
In an application to the WA Dept of Mines, informed by Matt Hogan, Rox director and Venus CEO, the construction of the Youanmi mine will start at the end of this year rather than next year.
This revelation supports a mining lease on Bell Chambers with ore processed at Youanmi.
https://geodocs.dmirs.wa.gov.au/Web/documentlist/8/ML_NUM/M57%2F671
Supporting Statement for a MLA - Bellchambers Gold Deposit: E57/984
The statement on the WAMEX WA Mines site was lodged after Rox’s Pathways to Production announcement.
Officially, the Rox Board is conservatively saying 2026 to start construction, but privately the Board is planning a 2025 construction start.
We shouldn’t be surprised.
How many other mining companies drilled straight through Xmas and have 6 drilling rigs in operation?
Rox is powering through the regulatory process of approvals to get the mine construction underway with several applications on the WAMEX site.
Turning to our ‘family’, the 3 Australian Hawke’s Point goldies have all done well over the past month (see charts below).
Note the market valuations of the 3 companies.
Rox is a member of a billion-dollar club but valued at only $118m.
(20min delay)