Name of the Project
Youanmi gold project.

Location
Murchison region of Western Australia.

Project Owner/s
Gold miner Rox Resources.
 
Project Description
The project encompasses underground mine production from the Youanmi main lode, Link and Pollard deposits.

A definitive feasibility study has confirmed the potential to develop a standalone high-grade, high-margin gold project.

The project has a maiden probable ore reserve estimate of 3.83-million tonnes at 4.4 g/t gold for 546 000 oz of contained gold.

The DFS outlines production of 817 000 oz of gold doré over the life-of-mine, averaging 117 000 oz/y over an initial processing period of about seven years.

There is significant upside in the project, with the underground resource remaining open down-dip and along strike, and near-mine exploration targets of between 1.1-million ounces and 1.8-million ounces. These targets have the potential to increase the yearly production rate and mine life of the project if Rox is successful in converting those ounces into resources and, ultimately, ore reserves.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
At a gold price of A$5 200/oz, the DFS indicates a pretax net present value, at an 8% discount rate, of A$1.4-billion and an internal rate of return of 69%, with a pretax payback period of 1.6 years.

Capital Expenditure
Preproduction capital is estimated at A$383-million.

Planned Start/End Date
The company is targeting first gold production from Youanmi by mid-2027. 

Latest Developments
Rox announced a A$350-million syndicated facility agreement on April 7, 2026, for the development of the project. The package comprises a A$300-million senior secured project term loan facility, a A$20-million cost overrun facility and a A$30-million bank guarantee facility.

The lender syndicate comprises Société Générale, Sumitomo Mitsui Banking Corporation, HSBC and Westpac Banking Corporation. The agreement follows the March 9 announcement that Youanmi was fully funded and moves the project towards financial close and the start of construction. 

First drawdown under the debt facilities is expected in the September 2026 quarter, subject to customary conditions precedent. 

First gold remains targeted for mid-2027.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Rox Resources, tel +61 8 9226 0044 or email admin@roxresources.com.au.