Rox Resources (RXL) Investor presentation summary

Project overview and strategy

• Focus on developing a high-grade, high-margin underground gold project at Youanmi in Western Australia, surrounded by major gold producers and with a history of 667koz gold production at 5.42g/t from open pit and underground operations.

• Vision centers on delivering sustainable value for shareholders, employees, and communities, with a mission to generate exceptional returns from the Youanmi Gold Project.

• Well-funded following a $26m placement, with a proven leadership team and a new CEO appointed.

Resource and reserve highlights

• Maiden Probable Ore Reserve of 3.8Mt @ 4.4g/t Au for 546koz; total Mineral Resource of 16.2Mt @ 4.4g/t Au for 2.3Moz.

• Resource remains open down dip and along strike, with near-mine exploration targets identified for further growth.

• Ore Reserve and Mineral Resource estimates are supported by recent ASX announcements and JORC Code compliance.

Financials and project economics

• Pre-feasibility study (PFS) base case NPV8% of $486m and IRR of 42% pre-tax ($322m and 33% post-tax) at A$3,100/oz gold price.

• At A$3,700/oz, NPV8% increases to $797m and IRR to 62% pre-tax ($541m and 49% post-tax).

• Low AISC of A$1,676/oz, with free cash flow of ~$1.3bn at higher gold prices.

• Pre-production capex estimated at $245m, with sustaining capital of $135m over life of mine.