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Rox Resources (ASX:RXL) has started underground mining operations at its Youanmi Gold Project near Geraldton, with this weekend’s first decline cut fired at the United North pit “a major milestone towards production.”
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“Successful firings continued to occur over the weekend to square up the face and take the first full cut,” managing director Phill Wildling shared today. The first trim shot was fired on November 8, followed by the full decline a day later; work was largely completed by contractor Byrnecut Australia.
For Rox, it’s a huge step – the site team is now commissioning the batch plant to begin fibrecreting early parts of the decline, which will allow the Australian explorer to run continuous mining through coming weeks.
“Momentum is truly gaining as we advance our plan to become one of the highest-grade new gold producers in Western Australia,” Mr Wildling declared.
Elsewhere on-site, Rox has also wrapped up dewatering at United North, while work continues at the main pit. Major workstream for the project’s DFS has been completed, too, as has most relevant paperwork.
Some stages are still going through final processes, including management recruitment, camp expansions, and plant planning, but it’s all progressing quickly.
Shareholders can next expect updated reserves with the planned DFS, continuing metallurgical testing for Rox’s trademarked “Albion Process,” and all permitting and engineering needed for the plant to start running.
Heading into Tuesday morning trade, RXL is selling at 44cps.
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