Scoping Study in Q3, page-55

Rox is flagging a positive Scoping Study.
This is my opinion of what a positive study could look like

An initial mine life of 10 years.
480 ktpa mill
The mill needs 4,800,000 t ore over the 10 years
Rox has 3,060,000 t @ 7.55 g.t indicated by JORC standards
Another 6,800,000 t inferred
Rox needs another 1,740,000 t converted from inferred to indicated to reach a 10 years life of mine target.
Rox only needs a conversion rate of inferred to indicated of 26% to reach the that target
Total mine output over 10 years @ average 7 g/t with a recovery rate of 92% is more than 1m oz
At an AISC of $1,000 oz au total cash generated is $1B+ over the 10 years ie around $100m cash flow PA.
This calculation does not include the 1m oz of near surface gold nor new finds at Link and Midway nor the potential to have a higher conversion rate of inferred to indicated nor the probable extension of Younami at depth (last gold mined was 14 g/t).
IMO Youanmi is likely to be a 1m - 1.5m oz au mine over 10 - 15 years.