Rox Resources (RXL) Noosa Mining Conference 2026 summary

Strategic Vision and Growth Objectives

• Targeting organic growth to become a 150,000 oz gold producer in the underexplored Yilgarn Craton, Murchison district, with a base plan averaging 117,000 oz per year over an initial 7-year mine life.

• High-grade reserve and resource base: 12.1 Mt at 5.6 g/t Au for 2.2Moz resource and 4.4 Mt at 4.8 g/t Au for 674koz reserve.

• Fully funded into production, with significant capital raised through placements, debt packages, and a robust cash position.

• Growth potential beyond the current DFS mine plan, leveraging under-explored tenements and latent plant capacity.

• Strong execution record with project delivery on time and on budget, supported by an experienced management team.

Financials and Operational Metrics

• All-in sustaining costs projected at AUD 1,978–2,000/oz, with gold prices currently around AUD 5,800–5,900/oz.

• Free cash flow estimated at AUD 2.3–2.7 billion over the initial seven years, with upside to AUD 3.0 billion at spot price.

• Pre-production CapEx of AUD 383 million, with total funding secured at AUD 450 million.

• NPV approaching AUD 2 billion pre-tax at current prices, IRR near 100%; DFS base case NPV AUD 1.4 billion, IRR 69%.

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

Construction, Development, and De-risking

• Construction underway with a 1 million ton nameplate plant and 900,000 ton mine plan.

• Multiple declines under development, mill construction in progress, and stockpiling of ore initiated.

• Achieving strong underground development rates, exceeding DFS expectations.

• Building a 190,000-ton stockpile at +3.3 g/t ahead of mill commissioning.

• On track to pour first gold before the end of the current financial year or by mid-2027, with production ramp-up from late 2027.