https://newsletter.mw.creamermedia.com
Dewatering|Gold|Mining|PROJECT|Resources|Underground|Drilling
Dewatering|Gold|Mining|PROJECT|Resources|Underground|Drilling
dewatering|gold|mining|project|resources|underground|drilling

Rox raises cash for WA gold project

13th November 2024

By: Creamer Media Reporter

     

Font size: - +

Rox Resources, the developer of the Youanmi gold mine in the Murchison region of Western Australia, has announced strong investor support for a A$26-million capital raise.

The two-tranche placement of 185.7-million shares at A$0.14 a share represents a 17.6% discount to the last closing price and a 16.1% five-day volume-weighted average price.

The company will also offer a A$1-million share purchase plan to shareholders at the same price.

“The capital raising will see the Rox team well-funded to advance near-mine growth drilling, finalise the definitive feasibility study and commence parallel workstreams, including dewatering, to accelerate our path to early production at Youanmi,” said CEO Phill Wilding.

He pointed out that the recently completed prefeasibility study at Youanmi outlined a high-grade, high-margin underground gold project with robust economics, and in a location with rich mining history and well-understood ground.

“We have a strong foundation to build on, and we look forward to updating the market as we advance the Youanmi gold project through the definitive feasibility study toward a final investment decision, targeted for FY26,” said Wilding.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 14 November 2025
Magazine round up | 14 November 2025
14th November 2025
Golden City being put back on gold map by exciting new West Wits gold project; and, Thungela highlights innovation, talent, sustainability in coal processing at Coal Africa 2025
Resources Watch
12th November 2025

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:0.151 0.223s - 144pq - 2rq
Subscribe Now