Rox Resources (RXL) Q1 2027 TU earnings summary

Executive summary

• Youanmi construction and mining advanced; final Works Approval secured, plant construction 39% complete, and first gold remains targeted for mid-CY2027.

• Financial Close on $350m debt facilities followed quarter end, with $90.2m drawn on 2 October 2026; September-end cash was $59.3m.

• Updated Youanmi Mineral Resources rose 4% to 2,195 koz and Ore Reserves rose 8% to 727 koz, after accounting for depletion to 30 June 2026.

Financial highlights

• Cash and cash equivalents were $59.260m at 30 September 2026, down $93.4m from 30 June; quarterly operating, investing and financing cash flows were $(6.663)m, $(85.260)m and $(1.483)m, respectively.

• Quarterly cash spending included $65.587m for property, plant and equipment, $19.673m for mine development assets under construction, and $2.684m for exploration and evaluation.

• Interest and other income was $1.817m; related-party payments totalled $412k, comprising executive director remuneration and non-executive director fees.

Outlook and guidance

• First gold remains targeted for mid-CY2027; plant equipment delivery and construction are on schedule, while TSF3 construction was progressing ahead of schedule.

• December-quarter priorities include advancing underground development, building ore stockpiles, progressing stoping, and completing the oxygen supply agreement.

• The indicative pathway targets an ore stockpile of 190 kt at 3.3 g/t Au; longer-term growth drilling supports an aspiration to expand the mine plan and target production of 150,000 oz per annum.