Rox Resources (RXL) Mining Forum Americas 2026 summary

Project execution and milestones

• Fully funded into production: AUD 218m equity raise plus AUD 18m SPP; tier-one banks committed AUD 320m in development financing, while secured debt facilities are cited at AUD 350m.

• FID made in March 2026; mill construction and ore development advancing on schedule and budget, with plant construction above 30%.

• Three declines under development, first two ore levels completed and next two underway; Byrnecut Australia is the mining contractor.

• High-grade stockpiles building; base plan is 190,000 tonnes at 3.3 g/t, with management expecting to exceed it.

• Mill commissioning targeted for late March, first gold for mid-2027 and ramp-up to start in late 2027.

DFS plan and economics

• DFS base case averages 117,000 oz/year, with 817,000 oz over an initial seven-year mine life; pre-production capital is AUD 383m.

• Resource totals 2.2 Moz at 5.4 g/t; underground resource is 2.1 Moz at 6 g/t, reserve is 727,000 oz at 4.7 g/t and mine plan is 900,000 oz at 4.8 g/t.

• AISC is AUD 1,978/oz (US$1,404/oz); planned metallurgical recovery is 90.8%.

• DFS pre-tax NPV is AUD 1.4b (US$1.0b) and IRR 69% at base-case gold price; at current gold prices, projected pre-tax free cash flow is close to AUD 3b and payback is ~1.2 years.

Growth and exploration

• Core-year production for 2029–2033 is projected to average 131,000 oz; resource and reserve growth could support 144,000–145,000 oz/year and an organic path toward 150,000 oz/year or more.

• Infill, extensional and regional drilling target resource conversion, higher output and mine-life extension; one underground rig targets ~3,500 m/month, with a second planned for January alongside surface drilling.

• Infill drilling returned intercepts 5–12 m wide at 15+ g/t; drilling is testing deeper extensions and high-grade plunging shoots.

• Regional exploration covers a 60 km strike along the Youanmi Shear Zone; a structural analogue target is planned for early next year, and a Commonwealth resource update is assessing potential oxide mill feed.

• Under-explored tenements and nearby assets within trucking distance offer resource expansion and potential bolt-on mill feed.