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Rox Resources (ASX: RXL) has confirmed MACA Interquip Mintrex as the preferred contractor for the engineering, procurement and construction of the processing plant and associated facilities for the Youanmi gold project.
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The high-grade Western Australian project is targeting first gold in mid-CY27. The redevelopment is designed to produce 117,000 ounces a year over a seven-year mine life.
As it stands, the gold project remains on schedule, with the signing of the preferred engineering and procurement contract another major milestone.
“MIQM is a globally renowned tier one engineering consultancy that has been working with Rox through the study phases and metallurgical test work, gaining a strong understanding of requirements,” MD and CEO Phill Wilding said.
The Rox helmsman added: “Continuing with the early works process and procurement of long lead items is critical to our delivery timeframes, and I’m pleased to report MIQM is well advanced on these processes.”
Rox is cashed up as it approaches construction after raising $200 million in a placement and receiving $18M via a December CY25 share purchase plan.
“With debt financing also progressing, all approvals lodged, and a final investment decision on track for late in this quarter, Rox is edging closer to becoming WA’s next gold producer of scale and grade,” Mr Wilding told shareholders.
MIQM has had a close association with Rox and the project for several years, assisting with the pre-feasibility study in early CY24 as well as a subsequent definitive feasibility study and associated metallurgical test work.
It commenced early front-end engineering works for the plant in December.
RXL was down -5.66% to 50cps on early Friday afternoon.
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