Rox Resources (RXL) H2 2026 earnings summary

Executive summary

• Achieved Final Investment Decision (FID) and commenced mine development at the Youanmi Gold Mine, following completion of the Definitive Feasibility Study (DFS).

• DFS confirmed Youanmi as a high-margin, long-life gold project with robust economics and strong technical viability.

• Secured all major permits, completed key funding streams, and began underground mining and construction of the processing plant.

• Raised $200 million via institutional placement, $18 million through a Share Purchase Plan, and secured a $350 million debt facility.

• Targeting first gold production in mid-2027.

Financial highlights

• Net loss after tax for FY26 was $34.95 million, compared to $18.18 million in FY25.

• Net cash outflows from operating activities were $36.49 million (FY25: $19.79 million).

• Cash on hand at 30 June 2026 was $152.67 million (FY25: $50.48 million).

• No dividends declared or paid.

Outlook and guidance

• Construction of the processing plant and underground development to accelerate in FY27.

• First gold pour targeted for mid-2027.

• Focus on resource growth and maximizing long-term value at Youanmi.