Youanmi Gold Project: 117,000 Ounces Annual Production and $200M Funding Secured

Youanmi Gold Project, A Strategic Asset in Western Australia

Rox Resources has reaffirmed its commitment to advancing the Youanmi Gold Project, located in the prolific Youanmi Greenstone Belt of Western Australia. The project benefits from a rich production history and is positioned within one of Australia's premier gold provinces, the Archaean Yilgarn Craton. The recent Definitive Feasibility Study (DFS) outlines a robust 7-year mine life with an average annual production of approximately 117,000 ounces of gold doré, underscoring the project's potential to deliver sustained value.

Financial Strength and Funding Momentum

Central to Rox's update is the strong financial profile of the Youanmi Gold Project. The DFS reveals a pre-tax net present value (NPV) of A$1.4 billion and an internal rate of return (IRR) of 69% based on a conservative gold price of A$5,200 per ounce. These metrics improve further at spot prices, with the NPV rising to A$1.9 billion and IRR to 86%. The company has successfully completed a A$200 million equity placement, representing roughly 40% of the estimated A$450 million funding requirement. Parallel debt funding discussions are well advanced, with binding term sheets anticipated in early 2026, reflecting strong lender appetite and positive financing terms.

Operational Readiness and Early Works

Rox is progressing steadily with early works and regulatory approvals. Key milestones include the commencement of underground exploration declines, dewatering of existing pits, and mobilization of mining contractor Byrnecut Australia. Infrastructure development is underway, including camp expansions and office installations, setting the foundation for processing plant construction and commissioning targeted for 2026. The project’s processing flowsheet is straightforward, leveraging proven metallurgical techniques to achieve an estimated 90.8% gold recovery.

Growth Potential and Exploration Upside

Beyond the initial mine plan, Rox highlights significant upside opportunities. The Youanmi Shear Zone extends over 60 kilometers, with much of the area outside current mine sites remaining underexplored. Recent drilling has intersected high-grade gold mineralization, and further resource definition and extensional drilling are planned for early 2026. This exploration potential could extend mine life and increase production rates, enhancing the project's long-term value proposition.

Experienced Leadership and Clear Path Forward

The company’s experienced management and board team, including CEO Phillip Wilding and Non-Executive Chair Stephen Dennis, bring a proven track record in developing Australian gold mines. Rox’s clear pathway to production includes advancing detailed engineering, securing final approvals, and making a final investment decision (FID) in the near term. The combination of strong DFS results, funding progress, and operational momentum positions Rox Resources to capitalize on the Youanmi Gold Project’s promising outlook.