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.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
