How Rox Resources Is Accelerating Youanmi Gold Project with High-Grade Drilling and Strong Financing

Dewatering and Development Progress

Rox Resources Limited (ASX:RXL) has delivered a robust update on its flagship Youanmi Gold Project in Western Australia, highlighting significant progress in dewatering activities at both the Youanmi Main and United North pits. The company reports that pumping rates are on target, with water levels dropping faster than anticipated, setting the stage for underground exploration declines planned for late 2025 and early 2026.

This physical progress in dewatering is more than just a technical milestone; it represents a tangible step closer to unlocking the project's potential, as noted by Managing Director Phill Wilding. The ongoing works include expansion of onsite facilities, with a Phase 1 camp expansion contract awarded, and key management roles filled to support the transition from exploration to production.

Strong Financing Interest

On the financing front, Rox has initiated a competitive debt financing process, engaging BurnVoir Corporate Finance as advisor. The company has received numerous credit-endorsed expressions of interest from leading Australian and global mining banks and financiers. While these offers remain non-binding and subject to due diligence, the level of interest reportedly exceeds the projected capital costs of the Youanmi project, suggesting attractive commercial terms and strong market confidence.

This early engagement with financiers is a strategic move to de-risk the project and supports Rox’s accelerated pathway to production, with a Final Investment Decision anticipated shortly after the DFS completion in Q4 2025.

Encouraging Drilling Results

Complementing the operational and financial progress, Rox has reported further high-grade drilling results from multiple areas within the Youanmi project, including Youanmi Main, Prospect, and Pollard. Noteworthy intercepts include 4.81 meters at 8.97 grams per tonne gold from 492.7 meters depth at Youanmi Main, and 6.35 meters at 14.43 grams per tonne at Prospect.

These results confirm the continuity and depth extensions of mineralisation beyond current resource boundaries, reinforcing the project’s considerable scale and grade. The drilling campaign, totaling 46,000 meters, remains on schedule and within budget, underpinning the upcoming Mineral Resource Estimate update expected in July 2025.

Advancing DFS and Metallurgical Work

Rox has awarded all major workstreams for the Definitive Feasibility Study, engaging specialist consultants for processing plant design, metallurgical consulting, geotechnical analysis, hydrology, and tailings dam design. Metallurgical test work, including the Albion Process leach tests, is progressing on schedule and reaffirming previous positive outcomes, which bodes well for the project's operational efficiency and cost profile.

Early works such as tendering for underground mining contracts and environmental permitting are underway, reflecting a comprehensive approach to project development that balances technical, environmental, and operational considerations.

Looking Ahead

With a clear and structured pathway to production, Rox Resources is positioning Youanmi as one of Western Australia’s highest-grade new gold producers. The combination of operational momentum, strong financing interest, and encouraging drilling results sets a promising stage for the company’s next milestones, including the DFS completion, resource update, and final investment decision.