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Rox Resources Limited ( (AU:RXL) ) has shared an announcement.
Rox Resources Limited has announced an updated Mineral Resource Estimate (MRE) for its Youanmi Gold Project, increasing the underground resource to 2.1 million ounces of gold. This represents a 21% increase in contained gold and a rise in the underground resource gold grade to 6.0 g/t Au. The majority of the underground resource is now in the Indicated category, providing a strong foundation for the upcoming Definitive Feasibility Study (DFS) set for completion in November 2025. This development positions Youanmi as a high-grade underground mine from the outset, aligning with Rox’s strategy and reinforcing its status as a significant undeveloped gold deposit in Western Australia.
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 gold exploration and development company based in Western Australia. The company focuses on high-grade gold projects, with its primary asset being the Youanmi Gold Project, which is recognized as one of the highest-grade emerging gold projects of scale in Australia.
Average Trading Volume: 2,055,684
Current Market Cap: A$224M
See more data about RXL stock on TipRanks’ Stock Analysis page.