Rox Resources Sells Non-Core Tenements to Fund Youanmi Gold Project Development

High-Tech Metals Limited ( (AU:HTM) ) has shared an announcement.

Rox Resources Limited has completed the sale of its non-core Mt Fisher and Mt Eureka tenements to High-Tech Minerals Limited for $1.5 million in cash, 1,000,000 shares in HTM, and a 1% Net Smelter Return royalty. This divestment strengthens Rox’s cash reserves and supports the fast-tracking of development at its Youanmi Gold Project, including infrastructure and process plant design, aligning with its strategy to bring the project into production efficiently.

More about High-Tech Metals Limited

Rox Resources Limited is a West Australian-focused gold exploration and development company. It is the 100% owner of the historic Youanmi Gold Project, which has a total mineral resource of 2.3 million ounces of contained gold. The company also owns the Mt Fisher – Mt Eureka Gold and Nickel Project, with a significant portion held via a joint venture.

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