Rox Resources Limited has reported another pivotal quarter in its gold exploration and development journey in Western Australia. The company updated stakeholders on key milestones at the Youanmi Gold Project, where work on the Definitive Feasibility Study (DFS) is progressing on several fronts. A detailed project schedule has been completed, pinpointing critical path items, while metallurgical test work—covering comminution, flotation, and Albion Process test work—is well advanced. Dewatering works have also moved forward, with construction activities poised to commence pending approvals next month. Notably, approximately 90% of the 35,000‐metre step-up drilling campaign is completed. High-grade assay results are emerging from various zones, including United North and Pollard, offering promising indicators for an updated Mineral Resource Estimate expected by the second quarter of 2025. Drilling has confirmed the continuity of high-grade mineralisation beneath key pits and identified additional mineralisation along previously unclassified areas. Furthermore, an air core sterilisation drilling program focused on the future site of a Tails Storage Facility is underway, with assay results anticipated in June. On the corporate front, Rox Resources Limited has strengthened its balance sheet with a cash reserve of $17.1 million, boosted by the completion of the second tranche of its capital raise for $13 million. The company also entered into a binding agreement to sell its Mt Fisher – Mt Eureka Gold tenements for a combination of cash, equity, and a Net Smelter Return royalty, with completion expected in May. The management team has been refreshed with the appointment of a new Managing Director and CEO, a Non-Executive Director, and a new Chief Financial Officer who is also serving as Company Secretary. The involvement of BurnVoir Corporate Finance as a financial advisor to secure future debt financing further underscores the company’s proactive corporate strategy. The announcement carries both bullish and bearish perspectives. On the upside, the rapid progress in DFS development, encouraging high-grade drill results, robust capital raising, and strategic asset sales enhance the project’s potential and build investor confidence. However, risks remain as key processes such as metallurgical testing, eventual dewatering approvals, and the pending resource update will be critical in defining the ultimate project economics. For beginner traders, the report reflects a mix of strong operational progress and inherent exploration and development risks common within the mining sector.