https://newsletter.mw.creamermedia.com
Gold|Mining|PROJECT|Resources|Operations
Gold|Mining|PROJECT|Resources|Operations
gold|mining|project|resources|operations

Rox appoints new CEO to drive Youanmi development

11th September 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

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.

Edited by Creamer Media Reporter

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

MMC, Pan African, Vanadium Resources make headlines
MMC, Pan African, Vanadium Resources make headlines
4th October 2024
Magazine round up | 04 October 2024
Magazine round up | 04 October 2024
4th October 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.151s - 128pq - 2rq
Subscribe Now