Highlights
The new resource JORC is based on high quality rather than quantity.
2.3m ozs of gold at 4.4 g/t is a very high grade high confidence resource
Rox is in a strong financial position until June when the PFS will be delivered.
The following diagram shows the fast track PFS plan.
Rox is considering 3 different processing methods including one that produces gold bullion, not concentrate. Emerald Resources is specifically mentioned as an example of this process.
(The plant utilising a single stage crushing circuit and SAG mill, sulphide flotation, fine regrind mill followed by conventional cyanide leaching. Primary gold mineralisation is extracted through a conventional cyanide leach process circuit without any requirement for intensive oxidation).
The Penny South lithium project is the favoured non-core asset to raise cash for Rox.
Rox is confident that they will substantially grow the new underground indicated MRE 1.1m ozs @ 6.1 g/t.
(20min delay)