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An update from Rox Resources Limited ( (AU:RXL) ) is now available.
Rox Resources Limited has made significant progress in its Youanmi Gold Project, with dewatering operations underway and a successful $40 million placement to fund its Definitive Feasibility Study and early works. The company has completed a detailed project schedule, awarded major contracts, and received high-grade drilling results, which will inform a mineral resource update. Rox Resources is well-positioned financially, with a strong cash balance and interest from leading banks for project financing, indicating a solid pathway towards becoming a high-grade underground gold producer.
The most recent analyst rating on (AU:RXL) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on Rox Resources Limited stock, see the AU:RXL Stock Forecast page.
More about Rox Resources Limited
Rox Resources Limited is a West Australian gold exploration and development company focused on advancing its Youanmi Gold Project. The company is engaged in activities such as dewatering, drilling, and conducting a Definitive Feasibility Study to transition into a gold producer.
Average Trading Volume: 2,068,504
Current Market Cap: A$231.4M
See more insights into RXL stock on TipRanks’ Stock Analysis page.