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Rox Resources on target at Youanmi with Main pit with dewatering complete

ASX News, Materials
ASX:RXL      MCAP $583.4M
07 May 2026 12:52 (AEST)

Youanmi Main pit dewatering.

Rox Resources (ASX: RXL) continues to ramp up mine development at the Youanmi gold mine in Western Australia with a record month of achievements.

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A significant milestone was achieved recently with the pit floor now visible and historic decline exposed after the successful dewatering of the Main Pit.

MD and CEO, Phill Wilding, said operations are now transitioning to underground dewatering ahead of the Main and Pollard declines.

“Completing the first phase of dewatering the Main Pit is a massive achievement and the next significant step in our development of the Youanmi gold mine,” he said.

“With the transition to dewatering of the underground workings underway, the Main and Pollard declines will begin imminently, marking the start of our second underground mining operation at Youanmi.

“United North development continues to power ahead, with a record 342m of advance for the month, along with successfully firing the first return air rise in the ventilation circuit.

“We’ve also made major progress with supporting infrastructure at Youanmi, with the power station for Main Pit ready for commissioning this month and earthworks at the processing plant site underway ahead of construction starting in June.”

Elsewhere the mine’s camp facilities have all been delivered with the workforce set to rapidly increase as mining ramps up across Youanmi.

“We’ve also made major progress with supporting infrastructure at Youanmi, with the power station for Main Pit ready for commissioning this month and earthworks at the processing plant site underway ahead of construction starting in June.

“In parallel to this on-site activity, we are also advancing major contracts for Youanmi while preparing for diamond drilling to begin later in the month.

“The team has been hard at work at Youanmi, advancing our pathway to production on-schedule and reinforcing Rox’s position as one of Western Australia’s next high-grade gold producers.”

RXL is up 2.38% to 43.0¢. Mkt cap $583.4M.

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