Rox set to fire first decline cut at Youanmi gold project
Western Australian exploration and development company Rox Resources is preparing to fire the first decline cut at the United North pit of its 100%-owned Youanmi gold project this week.
The milestone follows the arrival of mining contractor Byrnecut’s personnel and equipment on site. Site establishment works are advancing rapidly, including the installation of water and power infrastructure, pit preparation, and expansion of the Phase One camp.
“We are only a few days away from firing the first cut in the United North exploration decline, marking a pivotal milestone in our pathway towards production,” said Rox MD and CEO Phill Wilding.
He added that progress across the site had been swift, with office construction now under way and a camp expansion nearing completion. “November will be a monumental month for Rox Resources, as we prepare to become one of the highest-grade new gold producers in Western Australia,” he said.
A recently hosted site visit by representatives from eight leading Australian and international banks provided an opportunity for lenders to review project progress ahead of the completion of the definitive feasibility study (DFS), expected later this month.
“Credit-approved debt commitments are expected to follow the release of the DFS and completion of final due diligence to enable a final investment decision shortly thereafter,” the company said.
Meanwhile, dewatering at the Youanmi main pit is continuing at a rate of about 100 ℓ/s, with completion expected in the first quarter of 2026. Evaporators are due to be commissioned this month to maintain the schedule.
Rox has also received an Exploration Incentive Scheme co-funding grant of up to A$220 000 for a drilling programme targeting southern extensions and repetitions of the Youanmi system. Data from an airborne magnetic survey is currently being processed to assist in target generation for the next phase of exploration drilling.
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