Rox Resources Limited Upsizes High-Grade Underground Gold Resource by 21% to 2.1Moz, Boosting DFS Prospects
Monday, July 21, 2025
at
8:23 am
Rox Resources Limited has boosted its Youanmi Gold Project’s underground resource, raising contained gold by 0.4Moz (a 21% increase) to 2.1Moz with an improved grade of 6.0 g/t Au. This upgrade strengthens the project’s potential ahead of the upcoming Definitive Feasibility Study.
Rox Resources Limited has released its latest Mineral Resource Estimate for the Youanmi Gold Project in Western Australia, bolstering the company’s position as a leading high-grade gold exploration and development outfit. The new resource, measured at 2.2 million ounces of gold at 5.6 g/t, reflects significant improvements over previous estimates. In particular, the underground section now shows an increase of 0.4 million ounces representing a 21% enhancement in contained gold and an improvement in grade from 5.5 g/t to 6.0 g/t. Additionally, 71% of the underground resource has been upgraded to the Indicated category, a critical factor for future mine planning and economic assessments.
The updated estimate is underpinned by results from extensive 35,000-meter extensional and 11,000-meter infill drilling campaigns. These programs have successfully converted a substantial portion of inferred resources to indicated status. Technical tools including advanced block modelling, geostatistical analysis, and updated wireframe interpretations have all contributed to a more robust and reliable resource model. Rox Resources Limited is now advancing towards a Definitive Feasibility Study scheduled for November 2025, with the aim of refining mine design, economic models, and production targets, while planning early underground exploration declines in the final quarter of 2025.
This development reinforces the company’s strategy to prioritize high-grade underground mining over open-pit methods, in line with its pathway to production. The new estimate provides strong technical support for longer mine life, improved reserve figures, and enhanced financial metrics in upcoming studies. Comprehensive QAQC processes and compliance with the JORC Code (2012) underpin the technical integrity of the resource data, further boosting investor confidence.
Analysts assessing the news see compelling bullish signals. The substantial growth in the underground indicated resource and higher gold grades, along with improved drill data and modelling techniques, are likely to drive positive sentiment and bolster the potential for stronger financial returns in the upcoming DFS. However, there are still risks to manage, particularly regarding the technical challenges of transitioning to an underground mining operation and executing further infill drilling campaigns to remove remaining exploration gaps. As such, while the enhanced resource metrics point to significant upside, cautious attention to operational execution remains vital for long-term success.