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 120,000 oz per year over an initial seven-year mine life.

• Located in a premier gold province with a high-grade mineral resource estimate of 12.1 Mt at 5.6 g/t Au for 2.2Moz and a reserve of 4.4 Mt at 4.8 g/t Au for 674koz.

• Fully funded into production, with AUD 200 million placement, AUD 18 million SPP, and AUD 350 million debt package secured from four major banks.

• 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.

Operational Progress and Milestones

• Dewatering, site construction, and permitting completed; three declines and mill construction in progress, with ore development advancing on multiple mining fronts.

• Achieving strong underground development rates, exceeding DFS expectations, and building significant ore stockpiles ahead of mill start.

• Key milestones met: DFS in November, funding in Q1, mill construction started last quarter, and gold pour on track before financial year-end or mid-2027.

• Mill designed for 1 million tons, with current mine plan at 900,000 tons and capacity for increased throughput.

• Ongoing infill drilling and grade control to ensure a year’s production ahead of mill commissioning.

Exploration and Expansion Opportunities

• Recent drilling revealed additional high-grade zones and increased stope numbers, boosting near-term ounces and supporting future resource conversion.

• Multiple lodes identified, with several intercepts over 20 g/t; 50,000-m drill program underway to convert inferred to indicated resources.

• New targets identified at Youanmi North and Pollard, with further drilling planned to expand reserves and a pipeline of near-mine growth targets.

• Regional exploration covers over 60 km of strike along the Youanmi Shear Zone, with analogs to other major ore bodies and new shallow systems under review.

• AeroMag survey and structural analysis highlight new high-potential zones for future drilling.