Rox Resources Contracts Byrnecut for Youanmi Gold Project Development

What's Happening?

Rox Resources Limited has appointed Byrnecut Australia as the underground mining contractor for its Youanmi gold project in Western Australia. The contract, awarded after a competitive tender process, is divided into two parts. Part A involves the development of an exploration decline and drill platform for United North, with completion expected by July 2026. This phase, valued at approximately A$10.8 million, is fully funded by Rox Resources' existing cash reserves. Part B will commence following a positive financial investment decision, anticipated in the first quarter of 2026, and will include the development of the Pollard Decline and refurbishment of the Youanmi Decline. The Youanmi project hosts a global mineral resource of 12.1 million tonnes at 5.6 grams per tonne for 2.2 million ounces of gold.

Why It's Important?

The appointment of Byrnecut marks a significant step forward for Rox Resources in advancing the Youanmi gold project towards production. This development is crucial for Rox Resources as it aims to establish itself as a major gold producer in Western Australia. The project's success could enhance the company's market position and contribute to the regional economy by creating jobs and stimulating local businesses. Additionally, the project's progress could attract further investment in the mining sector, highlighting the potential for growth in Western Australia's resource industry.

What's Next?

Rox Resources is preparing for the next phase of the Youanmi project, with initial approvals for site clearing already completed. The company expects to receive approval for its mining proposal in the coming weeks. The delivery of the definitive feasibility study is scheduled for November, which will provide further insights into the project's viability and potential. As the project progresses, stakeholders will be closely monitoring the financial investment decision and subsequent development activities, which are critical for the project's long-term success.