Rox Resources (RXL) Investor presentation summary

Project overview and location

• 100% ownership of the Youanmi Gold Project, located 480km northeast of Perth, with a proven production history and existing infrastructure.

• The project sits in the Youanmi Greenstone Belt, surrounded by major gold producers and million-ounce mines.

• Historical production totals 667koz at 5.42g/t from open pit and underground operations.

Mineral resource and ore reserve

• Total Mineral Resource estimate: 16.2Mt @ 4.4g/t Au for 2,300koz, with over 1.5Moz in the Indicated category.

• Maiden Probable Ore Reserve: 3.8Mt @ 4.4g/t Au for 546koz.

• Resource remains open down dip and along strike, with exploration targets of 1.1–1.8Moz Au.

Project economics and financials

• Pre-Feasibility Study (PFS) highlights: 7.7-year mine life, 786koz produced, average 103kozpa.

• NPV8% (pre-tax) of $486m and IRR of 42% at A$3,100/oz; NPV8% (post-tax) of $322m and IRR of 33%.

• At current spot price (A$3,700/oz): NPV8% (pre-tax) $797m, IRR 62%; NPV8% (post-tax) $541m, IRR 49%.

• Free cash flow of approx. $1.3 billion at current spot price.