Rox Resources (ASX:RXL), an Australian gold exploration company, has started a 35,000-meter drilling program at the Youanmi Gold Project in Western Australia. The goal is to convert inferred resources to indicated resources and expand the resource base. The project is on track for a Definitive Feasibility Study completion in the second half of 2025.
Rox Resources has initiated a comprehensive drilling program at its Youanmi Gold Project, involving 35,000 meters of diamond and reverse circulation drilling. The program focuses on converting inferred resources into indicated resources and expanding the overall resource base. Scheduled to be completed by May 2025, initial assay results are expected in February 2025. This initiative is part of the company's strategy to develop the high-grade Youanmi Gold Mine and support the Definitive Feasibility Study, set for completion in the second half of 2025. The company remains committed to enhancing project viability and strengthening its operational plans.
The Step-up Drill Campaign is designed to achieve a production target outlined in the Pre-Feasibility Study and bring production forward to shorten payback periods.