Rox Resources (RXL) Investor presentation summary

Strategic vision and project overview

• Targeting growth to over 150,000 ounces of gold per annum, with a base plan of 117,000 ounces per year over an initial 7-year mine life.

• Located in Western Australia's premier gold province, with a high-grade mineral resource estimate of 12.1Mt at 5.6g/t Au for 2.2Moz and a reserve of 4.4Mt at 4.8g/t Au for 674koz.

• Fully funded into production, with $218 million equity raised and $350 million in debt facilities committed.

• Mill construction underway, with high-grade ore stockpiles being built and multiple mining fronts advancing.

• Experienced management team with a proven track record in Australian gold mine development.

Financials and economics

• Low all-in sustaining cost (AISC) of A$1,978/oz, generating high margins at a DFS gold price of A$5,200/oz.

• Projected free cash flow of approximately A$2.3 billion pre-tax at DFS price, and A$3.0 billion at spot price of A$6,100/oz.

• Pre-production capital requirement of A$383 million.

• NPV of A$1.4 billion and IRR of 69% (pre-tax) at DFS price; NPV of A$1.9 billion and IRR of 93% (pre-tax) at spot price.

• Strong re-rate potential as the project transitions from development to production.

Project execution and milestones

• Achieved final investment decision in March 2026, with construction and dewatering activities on schedule.

• Ore development underway on multiple levels, with high-grade ore drives and stockpiles de-risking ramp-up.

• First gold pour targeted for mid-2027, with production ramp-up from late 2027.

• Underground mining, mill commissioning, and related infrastructure progressing as planned.