RXL chart, page-2566

Rox Resources Limited increasing its market capitalisation 824% to $167 million at June 30, 2020.

https://www2.deloitte.com/au/en/pages/media-releases/articles/wa-index-tale-of-two-decades-for-wa-biggest-companies-100820.html#

Rox Resources Limited Rox Resources Limited (‘Rox’) increased its market capitalisation by 824% from A$18m to A$167m during the year ended 30 June 2020, reaching the rank of 67th in the Deloitte WA Index from 308 in 2019. This Year Last Year ASX 30 June 2020 30 June 2019 $ Change % Change67 308 RXL 167.08 18.08 149 824%Background Rox is an Australian mineral exploration company, with advanced gold and nickel projects across Western Australia. Its flagship project is the Youanmi Gold Mine has a significant history of gold production since its discovery in 1901, which the company holds as a joint venture with Venus Metals Corporation (VMC).Operational review In the final quarter of FY20, Rox’s market capitalisation increased by more than 550%, contributing to a total increase of a huge 824% for the year ended 30 June 2020. The month of May saw Rox Resources complete a A$8.74m institutional placement to advance exploration and resource development at the Youanmi Gold and Fisher East Nickel projects. A follow up share purchase plan boosted the capital raised to A$12.74m. Rox initially owned 50% interest in the Youanmi Gold Mine with the option to increase to 70% interest. A$3m of the funds raised by the placement was allocated to enable Rox to acquire the additional 20% interest, which was exercised during June 2020. This acquisition enables Rox to expand work of the regional joint ventures in the region in the short-term future.Following these events, positive drilling results in early June 2020 confirmed the rich perspectivity of the Youanmi granite margin at the Youanmi Gold Mine, and shallow infill drilling results identified additional high gold grades. These results endorsed the expectation and interpretation of the prospect, contributing to the boost in share pricing to close out the year.Going Forward Following the significant drilling results at the Youanmi Gold Mine in June, Rox intend to expand the drilling program for the project, in parallel to encouraging known work streams. Further results are expected in coming months and Rox aims to complete follow-up drilling with a maiden resource estimate anticipated later in 2020.

67 308 RXL Rox Resources Limited
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67th out of 100 , we are going to the top 10 next year , been some big movers in the last year and rox was one of them , well done alex

hold onto your rox