Rox Resources (RXL) Investor presentation summary

Project overview and resource base

• High-grade maiden probable ore reserve of 3.8Mt at 4.4g/t Au for 546koz; total mineral resource of 16.2Mt at 4.4g/t Au for 2.3Moz, with resources open down dip and along strike.

• Located in the Youanmi Greenstone Belt, Western Australia, surrounded by major gold producers and million-ounce mines; historical production of 667koz at 5.42g/t.

• Ownership structure includes 90% interest in key JV areas and 100% in others, with significant exploration upside.

Financials and economics

• Pre-feasibility study (PFS) base case NPV8% of $486m and IRR 42% (pre-tax), $322m and IRR 33% (post-tax) at A$3,100/oz; at A$3,700/oz, NPV8% rises to $797m (pre-tax) and $541m (post-tax).

• Life of mine (LOM) production target of 786koz over 7.7 years, with >100koz per annum production profile and overall plant recovery of 92.6%.

• Low AISC of A$1,676/oz, generating approximately $1.3 billion free cash flow at A$3,700/oz.

• Pre-production capex of $245m, with sustaining capital of $135m over LOM.

Growth, exploration, and upside

• Ongoing 35,000m drill program targeting near-mine growth, early ounces, and depth extensions.

• Recent drilling results include high-grade intercepts such as 30.12m at 19.81g/t Au and 8.11m at 44.62g/t Au.

• Exploration targets could add 1,093koz to 1,836koz at grades between 4.3g/t and 8.0g/t Au.

• Regional projects like Currans Find show significant historical and recent high-grade intercepts, with follow-up drilling planned.