Youanmi Project Financing Completed
| Stock | ROX Resources Ltd (RXL.ASX) |
|---|---|
| Release Time | 7 Apr 2026, 8:25 a.m. |
| Price Sensitive | Yes |
Rox Resources Completes Youanmi Project Financing
- A$350 million in debt facilities secured from tier one banks
- First drawdown expected in Q3 2026, first gold pour in mid-2027
- Significant milestone in funding the Youanmi Gold Project development
Rox Resources Limited (ASX: RXL) has completed and signed documentation for A$350 million in debt facilities to fund the development of its 100%-owned Youanmi Gold Project in Western Australia. The Syndicated Facility Agreement (SFA) includes a A$300 million Senior Secured Project Term Loan Facility, A$20 million Cost Overrun Facility, and A$30 million Bank Guarantee Facility, provided by tier one banks comprising Societe Generale, Sydney Branch, Sumitomo Mitsui Banking Corporation (SMBC), The Hongkong and Shanghai Banking Corporation Limited (HSBC), and Westpac Banking Corporation. The company expects the first drawdown under the debt facilities in the September 2026 quarter and the first gold pour from the Youanmi Gold Project in mid-2027. This announcement follows the company's previous Youanmi Fully Funded announcement on 9 March 2026 and represents a significant milestone in securing the necessary funding to deliver the Youanmi Gold Project development.
Rox Resources expects first drawdown under the debt facilities in Q3 2026 and first gold pour from the Youanmi Gold Project in mid-2027.
With the Syndicated Facility Agreement now in place, Rox Resources is looking forward to commencing construction activities at the Youanmi Gold Project.