• February 21, 2015

Rox Resources Posts Positive Results

Published on February 21st, 2015

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HIGHLIGHTS

  • Financially robust and technically low risk project
  • Two conceptual development options examined:
  • Build a 500Ktpa process plant on site (Base Case)
  • Toll mill at a nearby processing facility (Toll Case)
  • Low up-front capital requirements of $85.0M for the Base Case and $20.8M for the Toll Case
  • Significant opportunities to optimise various aspects of the Project
  • Strong upside if existing Mineral Resource can be expanded further
  • Under both cases, C1 cash operating costs similar to nickel sulphide operations in the Kambalda district
  • Toll Case requires negotiation of an agreement with a third party processing facility
  • Development could commence within 18-24 months depending on approvals and financing

Read full announcement

SOURCE: ROX RESOURCES
DATE: FEBRUARY 17, 2015

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