Rox appoints new CEO to drive Youanmi development
ASX-listed Rox Resources has appointed Phillip Wilding, recently the COO of Western Australian gold miner Westgold Resources, as its new CEO to drive development of the Youanmi project.
Wilding is succeeding Rob Ryan, who is stepping down as MD and CEO after two years in the role.
Thanking Ryan for his contribution to the company, chairperson Stephen Dennis pointed out the work that was done to derisk the Youanmi project.
"I would like to sincerely thank Rob Ryan for his outstanding contribution to the company, taking important steps over the past two years to derisk our flagship Youanmi gold project and driving the delivery of a successful prefeasibility study (PFS) for the project development. On behalf of the board, I wish Rob all the best for the future."
On Wilding’s appointment, Dennis said that he brought a “wealth of experience across all aspects of mine development and operations”.
“Phil is a highly accomplished senior executive with an impressive track record of managing and optimising mining operations, including extensive experience in the Western Australian gold sector over more than 11 years with Westgold Resources,” Dennis commented.
Rox also announced the appointment of Nathan Stoitis as nonexecutive director. Stoitis is an experienced metallurgist with over 25 years’ experience in plant management, operations and global sales and marketing.
The July 2024 PFS outlines a long-life, high-grade 100 00 oz/y gold operation at Youanmi, with compelling financing metrics.
Using a gold price of A$3 100/oz, the PFS delivered an aftertax net present value of A$322-million and a 33% internal return on investment.
An estimated A$245-million in preproduction capital is needed to build a mine.
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