Latest Youanmi News

Rox Resources has reported a 4.87-metre intercept grading 15.13g/t gold below the existing Youanmi resource at United North. The early result supports the potential for resource growth and mine-life extension, but four further assays and additional drilling are still pending.

Venus Metals has completed a second 1,541-metre RC drilling program at Bellchambers after intersections including 20 metres at 2.72 g/t gold. The explorer ended September with $25.8 million in cash and Rox Resources shares, despite returning about $35 million to shareholders during the quarter.

Rox Resources has accelerated underground development and advanced construction at Youanmi, with the processing plant 39% complete and first gold still targeted for mid-2027. The project is now fully permitted and funded facilities have begun drawing, although construction spending and one major contract remain in focus.

Rox Resources says construction of its Youanmi processing plant has reached 39%, while underground development advances towards production drilling at United North. Financial close and a $90.2 million debt drawdown have lifted reported cash to $149.2 million, with first gold still targeted for mid-2027.

Rox Resources has begun planning production stopes at Youanmi’s United North deposit after drilling extended the mine plan by about 125 metres. New results include 12.10 metres at 13.36g/t gold and 7.54 metres at 11.95g/t.

Rox Resources has reached financial close on A$350 million of debt facilities for the Youanmi Gold Mine, removing the conditions that had stood between the funding package and construction spending. The company has initially drawn A$90.2 million in project debt and used a further A$4 million bank guarantee facility allocation.

Rox Resources is pitching Youanmi as a fully funded, near-term gold producer while outlining an ambition to lift output beyond 150,000 ounces a year. The mine’s initial plan remains materially smaller, with first gold targeted for mid-2027 and average production of about 117,000 ounces a year.

Rox Resources has crossed the line from explorer to mine developer, with Youanmi underground mining underway, the processing plant under construction and a target of first gold in mid-2027. The project is financed on paper, but the A$350 million debt package remains subject to conditions precedent and the construction schedule still has to survive execution.

Rox Resources has reported multiple high-grade underground gold intercepts at Youanmi’s United North area, including 10.30m at 12.46g/t. Ore drives on two levels have also extended about 125m beyond the existing DFS mine plan, with production stoping preparations now underway.

Rox Resources has started surface diamond drilling at Youanmi, targeting resource conversion, incremental growth and deeper extensions of the high-grade United North system. The campaign could support future reserve growth and mine-life extensions, but its value still depends on drilling results that have yet to arrive.

Rox Resources has increased Youanmi’s Ore Reserve by 8% to 727,000 ounces after mining depletion, while the broader Mineral Resource edged up to 2.195 million ounces. The update excludes results from recent surface and underground drilling programs, leaving future revisions as a potential source of change.

Rox Resources reports steady progress at Youanmi Gold Mine with processing plant construction and mining development proceeding on schedule, supporting a mid-2027 gold production target.