https://www.miningweekly.com
Aviation|Consulting|Environment|Exploration|Gold|Mining|PROJECT|Resources|srk|SRK Consulting|Solutions|Drilling
Aviation|Consulting|Environment|Exploration|Gold|Mining|PROJECT|Resources|srk|SRK Consulting|Solutions|Drilling
aviation|consulting-company|environment|exploration|gold|mining|project|resources|srk|srk-consulting|solutions|drilling

Youanmi gold project, Australlia – update

Image of gold nuggets

1st September 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Youanmi gold project.

Location
Near Mt Magnet, in Western Australia.

Project Owner/s
Rox Resources.

Project Description
Youanmi has a project-wide resource of 27.9-million tonnes at 3.57 g/t gold for 3.2-million ounces of contained gold.

The proposed mine will have a plant throughput of 480 000 t/y, with average gold production of about 71 000 oz/y and a gold head grade of 5 g/t gold for total gold production of about 569 000 oz over an eight-year life-of-mine.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated unleveraged and pretax net present value, at a 5% discount rate, of $303-million and an internal rate of return of 45%, with a payback of three years.

Capital Expenditure
$134-million.

Planned Start/End Date
Not stated.

Latest Developments
Rox Resources will raise A$7-million to fund exploration at its Youanmi gold project.

The company has received binding commitments for the placement of 35-million new shares at 20c each, with the shares to be placed under Rox’s existing placement capacity.

Both of Rox’s major shareholders have participated in the placement, with Hawke’s Point and Venus Metals Corporation subscribing for A$1.49-million and A$0.25-million in new shares respectively, subject to shareholder approval at a meeting scheduled for late November.

“This is testament to the quality and significant potential of our key asset, the Youanmi gold project, and reflects the excellent work we have completed this year,” Rox MD Robert Ryan has said.

An in-depth targeting process is under way over the consolidated regional tenure that incorporates all available geochemical data and new geophysical targets that extend from north of the Youanmi mine area to well south of the high-grade Penny West gold mine.

“With the in-fill drilling already conducted this year, we’re well positioned to update the mineral resources estimate, which will provide the basis for the prefeasibility study of a mine restart.” 

Key Contracts, Suppliers and Consultants
Lynn Widenbar and Associates, CSA Global, Geobase and Model Earth (geology); PGM Geotechnical, Turner Mining and Geotechnical, Rockwater, SRK Consulting and APEG Mining (mining – technical studies); IMO, OMC, ALS, Core Technologies and Como Engineers (metallurgy and processing); KPS, Como Engineers, Maca Interquip, Novatron, Grounded, Northern Rise, Skipper Aviation, PPS (cost modelling); and Ecospine, Clark Lindbeck, Native Vegetation Solutions, Terratree, Western Ecological, AHA Logic, Terra Rosa, ESG Capital and Mine Earth (heritage and environment).

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

 

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.062 0.111s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: