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ROX Resources (ASX:RXL) has taken a “transformational step” as it works towards production at its Youanmi Gold Project in Western Australia, getting its hands on regulatory approval from the government after a lengthy wait.
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The Department of Mines, Petroleum, and Exploration has been considering the proposals since mid-year; it had already ticked off vegetation clearing in August.
“With these approvals for mining in place, ROX has taken a transformational step on our pathway to production, moving decisively towards becoming one of the highest-grade new gold producers in WA,” said CEO Phill Wilding today.
HotCopper understands ROX will be getting to work immediately. Underground works are to be helmed by Byrnecut Australia, a local operation contractor.
“Byrnecut is ready to hit the ground running,” Mr Wildling explained, “with mobilisation to site commencing before the end of the month and the United North Exploration Decline now scheduled to start in early November.”
Site works are already relatively advanced, and the company is looking to expand its on-site workforce at the same time. Camp construction is underway, too, with the first phase there involving 60 high-spec rooms being added. Once that’s all built, ROX will look to add a further 240 rooms and a kitchen.
Dewatering continues across the project; the explorer has already been pumping at the Youanmi main pit and is around halfway done in mid-October.
Last permit hurdles will also come up fast, with gov’t ticks for the company’s planned processing plant and “key infrastructure” next up. Those approvals are expected to hit ROX’s in-tray sometime midway through next year.
“Site works are well advanced and prepared for the incoming workforces,” ROX’s managing director said. “We are building out the ROX team with the right skills and experience to deliver a world-class operation.”
Today, RXL shares are +2% higher at 49 cents each.
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