RXL MC 17 Million Cash in Hand 5 million all projects r in australia
1. The Myrtle zinc-lead deposit is located 20km south of the McArthur River (HYC) zinc-lead mine in the Northern Territory. It is a sedimentary hosted (SEDEX) zinc-lead deposit, where an Inferred Mineral Resource of 43.6 million tonnes grading 4.09% Zn and 0.95% Pb has been delineated to JORC Code standards. A higher grade core of 15 million tonnes grading 5.45% Zn and 1.0% Pb is also present. teck is going to spend 20 million on Myrtle project and Rio tinto is a major share holder
2. Mt fisher Gold prospects
Binding Letter of Intent signed with Avoca Resources to acquire the Mt Fisher gold-nickel project in Western Australia. Three major gold prospects along the Mt Fisher greenstone belt.Numerous high grade gold drill intercepts up to 187 g/t gold.Significant gold-in-regolith anomalies over several kilometres in length. Five kilometre section of an ultramafic belt highly prospective for nickel sulphide. Tenements cover an area of 615 km2 and are under explored.
3. Marqua Phosphate Project , Australia which has potential to a world class deposit The Marqua Phosphate Project in the Northern Territory is located 300km south of Mount Isa . Rox has applied for two exploration licences at Marqua covering more than 2,400km2. The area is highly prospective, with high grade phosphate drill intersections already encountered and also occurrences of base metals and uranium.
Previous exploration of the area identified five phosphate prospects over a strike length of 20km with outcrops grading up to 39.4% P2O5 along a phosphorite horizon The prospects occur near the southern extent of the Georgina Basin, which is rapidly becoming Australia's major hard-rock phosphate province.
