Rox Resources (ASX:RXL) has fired its first cut from the United North pit within the company’s wholly owned Youanmi Gold Project in Western Australia.
The company engaged Byrnecut Australia to conduct first firings, with the first trim shot fired on 8 November. This was followed by a decline cut on 9 November.
CEO Phil Wilding says the first cut fired at the United North Pit has put Rox on the pathway to becoming a gold producer.
“Successful firings continued to occur over the weekend to square up the face and take the first full cut, with the team now preparing the batch plant to allow fibrecreting and continued development to advance,” Wilding says.
Fibrecreting activities are expected to allow continuous mining at the project, beginning in the coming week.
Rox intends to continue development activities at the project, including test drilling, refining and optimising metallurgical testwork, dewatering activities at the main pit, and engineering studies to design a process plan.
Meanwhile, the company has secured credit-endorsed indicative commitments from several Australian and international banks to participate in debt financing.
“This show of support from debt providers comes as the Definitive Feasibility Study nears completion, which we believe will present a highly compelling business case for the full-scale development of Youanmi,” Wilding adds.
“Momentum is truly gaining as we continue to advance our plan to become one of the highest-grade new gold producers in Western Australia.”
Rox Resources is a gold explorer focused on developing assets in Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Rox Resources
