penny west connection?

3. If the answer to question 1 is “no”, is there any other explanation that RXL may have for
the recent trading in its securities?
On 10 April 2019 the Company announced it acquired a 50% interest in the 1.2Moz Au
Youanmi Gold Mine and up to a 50% interest in the gold rights to the broader Youanmi
shear zone which includes a significant tenure position along strike and surrounding the
high-grade Penny West gold deposit. Since that announcement there has been a steady
increase in the price of and volume traded of the Company’s shares.
On 22 July 2019 the Company’s joint venture partner, Venus Metals Corporation Limited
announced RC drilling had recommenced at the Currans Find prospect and that in early
August a 5,000m aircore drilling program will commence north of the historical Penny
West gold mine, the historical Magenta and Columbia gold prospects, and the recent
Penny North gold discovery by Spectrum Minerals Ltd, c. 2-4km to the south and along
strike of the area to be tested by the AC program.

boom $$$$$$$$$$$$ vmc as well will see

Investment Highlights
The Company is focused on gold and nickel assets in Western Australia including the
Youanmi Gold Mine 50% owned, Mt Fisher Gold Project 100% owned, Fisher East and
Collurabbie Nickel Projects
The Company’s flagship project, the Youanmi Gold Mine was recently acquired and has
produced 670,000 ounces at 5.4g/t Au which closed in 1997 when gold price was A$400/oz
The project has a confirmed Mineral Resource Estimate of 1.19Moz Au. With significant
upside potential including a database of circa 550,000m of drilling has been analysed
and confirmed
The Company is focused on increasing resources, converting resources to mineable
reserves and developing its projects into producing mines.
The Company is well-funded to pursue it’s current projects with approximately $7.8 million
in cash and receivables (as at 30 June 2019).
Significantly expanded nickel tenure with the acquisition of additional 40km of prospective
strike adjacent to the north of Rox’s Mt Fisher / Fisher East Project. Drill planning
underway.
Strong Newsflow pipeline with drilling programs ongoing across the project portfolio
Youanmi Main Pit and Plant
5
Corporate Information
Capital Structure
ASX Code: RXL
Shares on Issue: 1,291M
Share Price: A$0.028
Unlisted Options: 65.8M
Market Capitalisation: $36.14 M
Cash & Receivables*
(at 30 June 2019): $7.8M
Debt: Nil
Top 20: 18%
* A$3.75 million deferred payment from Teck for Reward sale, plus
$0.15 million in ASX listed shares and $3.9 million in cash (as at 30
June 2019)
About Rox Resources
Rox Resources Limited (ASX:RXL) owns advanced gold and nickel exploration projects in Western Australia, including the Mt Fisher Gold Project,
the Fisher East and Collurabbie Nickel Projects. The Company has also recently acquired the Youanmi Gold Project with Venus Metals
Corporation Limited (“VMC”) through a 50% ownership, with the ability to increase ownership in the mine to 70%.
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Asset Summary
Gold Projects Nickel Projects
Youanmi Gold Project
4 JVs with Venus Metals Ltd. Mine area JV Rox holds 50%, earning
up to 70%. Venus Metals manages regional projects (other 3 JVs)
until Rox moves to 70% on the mine area JV.
Individual deposit names: Youanmi South, Main Pit, Hill End,
United North, Kathleeen, Rebel, Kurrajong, Commonwealth,
Currans North, Currans
Located in WA south of Sandstone
Mine area JV (OYG JV) has Resources of 1.2 Moz, Existing
Infrastructure and CIP plant (requiring refurbishment)
Mt Fisher Gold
Located in WA east of Wiluna
Western Margin of Mt Fisher Greenstone Belt
Mt Eureka Gold
JV with Cullen Resources (Rox can earn up to 75%) Located
adjacent and north of Mt Fisher
Continuation of Western Margin of Mt Fisher Greenstone Belt
Fisher East Nickel Project
Individual deposit names: Camelwood, Musket, Cannonball, Sabre
Located in WA, circa 150km east of Wiluna
Eastern Margin of Mt Fisher Greenstone Belt
Resources of 78kt of contained nickel, scoping study completed
(2015, internally updated 2017)
Mt Eureka Nickel
JV with Cullen Resources (Rox can earn up to 75%)
Located adjacent and to the north of Fisher East nickel. Contains
part of the strike extension of the basal contact along which Rox’s
nickel deposits occur
Northern Continuation of Eastern Margin of Mt Fisher Greenstone
Belt
Collurabbie Nickel
Historical WMC Resources project, Located 150km east of Mt
Fisher

2.4 raise 125 mill shares