Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | ROX Resources Ltd (RXL.ASX) |
|---|---|
| Release Time | 17 Apr 2026, 8:21 a.m. |
| Price Sensitive | Yes |
Rox Resources Secures Funding, Advances Youanmi Gold Project
- Final Investment Decision approved for Youanmi Gold Project
- $350 million in debt facilities secured, fully funding the project
- Construction approval received for processing plant and infrastructure
Rox Resources Limited (ASX: RXL) has provided its quarterly report for the period ended 31 March 2026, highlighting the company's transition from explorer to developer with the approval of the Final Investment Decision for the Youanmi Gold Project. The company has secured $350 million in debt facilities, ensuring the project is fully funded through to production. Key approvals have been received, including construction approval for the processing plant and associated infrastructure, clearing the pathway towards production. Underground mining at United North has continued to progress, while dewatering at the Main pit approaches completion, with both developments expediting Youanmi towards the targeted first gold pour by mid-2027. Rox Resources is focused on advancing detailed mine planning, commencing the Main and Pollard declines, and continuing the momentum across the project. The company has also outlined exploration plans, including infill drilling at United North and exploration drilling at the Commonwealth-Connemarra and Hope prospects, as well as a regional aeromagnetic targeting program.
The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.
Rox Resources is focused on advancing the Youanmi Gold Project towards production, with a targeted first gold pour by mid-2027. The company is progressing detailed mine planning, awarding contracts for long-lead items, continuing dewatering and underground development, and defining near-mine and regional exploration targets.