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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