RXL 3.70% 14.0¢ rox resources limited

Rox's RRS presentation

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    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.
    https://hotcopper.com.au/data/attachments/5928/5928191-0c07bfe85de900b4fdba4f6151a79607.jpg
 
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