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Rox Resources is beginning to bridge the gap between building out its Youanmi project and producing its first gold.
The company revealed that the processing plant is 39 per cent complete, with several pieces of equipment in transit. Alongside this, Rox has begun stockpiling ore, and the first two United North levels are ready to advance to production drilling as the producer targets first gold in mid-2027.
“Another month of strong progress and key milestones achieved at Youanmi, with construction works continuing to ramp up, mining advancing towards production activities and financial close achieved on the debt facilities,” Rox Resources managing director and chief executive officer Phill Wilding said.
“Construction remains firmly on schedule, with concreting progressing across the Albion tanks, IsaMill and thickeners. Construction of the CIL tanks is also progressing well, while the workshop and warehouse facilities are being prepared to receive and assemble key mill components.
“Construction of the tailings storage facility has also commenced, with the outer wall embankments now underway and the facility beginning to take shape.”
Full-scale construction began after Rox secured its final major environmental approval in July, covering the processing plant, tailings facility and associated infrastructure.
In September, Rox was preparing the first United North levels for stoping after development extended about 125m beyond the definitive feasibility study design but the latest update shows that preparation is moving into its next stage, with the ore drives completed and production drilling set to begin.
The construction push is underpinned by Rox achieving financial close on $350 million in debt facilities and drawing an initial $90.2 million to support development. It is also advancing a larger resource base after lifting Youanmi’s mineral resource to 2.195Moz and its ore reserve to 727,000oz, providing scope for growth beyond the initial mine plan as the operation moves towards first gold in mid-2027.
“With construction and mining activities continuing to advance, the team remains firmly focused on execution and delivery at Youanmi, while progressing towards our aspiration of a 150,000ozpa operation in the years ahead,” Wilding said.