Rox Resources (RXL) Q4 2025 TU earnings summary

Executive summary

• Dewatering of United North and Main pits commenced, enabling early access for mine declines and reducing project execution risk.

• High-grade results from a 35,000m step-up drilling campaign will inform a mineral resource update, expected soon.

• Definitive Feasibility Study (DFS) advanced with all major external works contracts awarded and metallurgical test work well progressed.

• $40 million placement completed, fully funding DFS delivery and early works for the Youanmi Gold Project.

• Sale of Mt Fisher – Mt Eureka Gold tenements completed, strengthening cash reserves.

Financial highlights

• Cash balance at 30 June 2025 was $50.5 million, up $33.5 million from 31 March 2025.

• Major cash inflows: $38.1 million from capital raising, $1.5 million from asset sale, $1.0 million from option exercises.

• Major cash outflows: $5.9 million for exploration and evaluation, $0.6 million for property and equipment, $0.9 million for admin and employee costs.

• Net cash from financing activities for the quarter was $39.1 million.

Outlook and guidance

• Updated mineral resource estimate and DFS for Youanmi Gold Project expected in Q4 CY2025.

• Early works, including mine decline access and infrastructure, to continue into next quarter.

• Mining tenders to be issued early next quarter, marking a key milestone toward production.

• Team expansion and further drilling results anticipated in the coming quarter.