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- Stripping commenced at Youanmi Decline, mining activities starting in October.
- High-grade stockpiles being built as part of ore drive.
- Underground diamond drilling underway.
Rox Resources (ASX:RXL) has hit another milestone as it prepares to commence mining at the Youanmi gold project in Western Australia in October.
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“As we enter the last month of this financial year, Rox has achieved yet another significant milestone at our Youanmi Gold Mine, with the United North workings now mining strike drives on ore and starting our high- grade stockpile build,” the company’s managing director and CEO, Phill Wilding, said.
“Within Main Pit, mining is now underway. Stripping has commenced at the historic Youanmi Decline, and face support work is now commencing at Pollard in advance of mining the third front for the mine this month.
“We have also signed the EPC Contract for the construction of our processing plant, with Interquip currently mobilising on site as earthworks near completion.
“This is an important step in our pathway to production, with pricing for the plant and associated works locked in with fixed cost pricing, in line with our definitive feasibility study.
“All remaining major supply contracts are entering the final stages of approvals, with pricing remaining consistent with the definitive feasibility study.”
Mr Wilding said fixing the majority of prices for all major contracts provides increased certainty that pre-production expenditure will be in line with estimates in the definitive feasibility study.
“More importantly, with the recent debt package, Rox remains in a strong funding position to deliver Youanmi to production on budget,” he explained. “As we track closer to our target of first gold pour by next year, we are confident in our position as one of Western Australia’s next high-grade gold producers.”
Works to re-establish access to the Youanmi Decline in Main Pit, developed in the 1990’s, are complete, and earthworks are underway to access the Pollard Decline.
The Youanmi Decline is the access decline for the main ore lodes at Youanmi and was previously mined to a depth of ~630 metres below surface.
This decline will be stripped to suit modern equipment, which is a faster and lower-cost option than developing a new decline. Dewatering of the existing underground workings is progressing ahead of the decline re-establishment.
Mr Wilding said the Youanmi Decline will provide an additional mining front to United North, which commenced in November CY25, as it accesses the high-grade ore alongside and below the historic workings.
The Pollard Decline is the third planned for the operation. Firing is expected to commence in the coming weeks once face support is completed in the pit.
RXL is down -3.49%, to 41.5¢. Mkt cap $597.6M.
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