Name of the Project
Youanmi gold project.

Location
Near Mt Magnet, in Western Australia.

Project Owner/s
Rox Resources.

Project Description
Youanmi has a project-wide resource of 27.9-million tonnes at 3.57 g/t gold for 3.2-million ounces of contained gold.

The proposed mine will have a plant throughput of 480 000 t/y, with average gold production of about 71 000 oz/y and a gold head grade of 5 g/t gold for total gold production of about 569 000 oz over an eight-year life-of-mine.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated unleveraged and pretax net present value, at a 5% discount rate, of $303-million and an internal rate of return of 45%, with a payback of three years.

Capital Expenditure
$134-million.

Planned Start/End Date
Not stated.

Latest Developments
Rox Resources has now taken full ownership of the Youanmi gold project after completing a transaction with fellow listed Venus Metals Corporation.

Rox and joint venture (JV) partner Venus entered into a binding agreement earlier this year to consolidate their respective ownership in the project, with Rox acquiring Venus’s gold interests in each of its Youanmi JVs, which includes 30% of OYG JV, 45% of Youanmi JV and Currans Find JV, and 50% of Venus Metals JV for consideration of 110-million fully paid ordinary shares in Rox.

Venus retains its nongold interests in the Youanmi JV, Currans Find JV and Venus Metals JV, as well as its interests in its non-Youanmi gold assets.

Key Contracts, Suppliers and Consultants
Lynn Widenbar and Associates, CSA Global, Geobase and Model Earth (geology); PGM Geotechnical, Turner Mining and Geotechnical, Rockwater, SRK Consulting and APEG Mining (mining – technical studies); IMO, OMC, ALS, Core Technologies and Como Engineers (metallurgy and processing); KPS, Como Engineers, Maca Interquip, Novatron, Grounded, Northern Rise, Skipper Aviation, PPS (cost modelling); and Ecospine, Clark Lindbeck, Native Vegetation Solutions, Terratree, Western Ecological, AHA Logic, Terra Rosa, ESG Capital and Mine Earth (heritage and environment).

Contact Details for Project Information
Rox Resources, tel +61 8 9226 0044 or email admin@roxresources.com.au.