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The latest announcement is out from Rox Resources Limited ( (AU:RXL) ).
Rox Resources Limited has appointed Byrnecut Australia as the underground mining contractor for its Youanmi Gold Project. The contract is divided into two parts: Part A involves developing the United North exploration decline for in-fill drilling, while Part B will focus on the Pollard and Youanmi declines following a positive Final Investment Decision. This strategic move is expected to de-risk the project’s startup and enhance Rox’s position as a future key player in Western Australia’s gold production industry.
The most recent analyst rating on (AU:RXL) stock is a Buy with a A$0.67 price target. To see the full list of analyst forecasts on Rox Resources Limited stock, see the AU:RXL Stock Forecast page.
More about Rox Resources Limited
Rox Resources Limited is a gold exploration and development company based in Western Australia. The company focuses on advancing its Youanmi Gold Project, aiming to become a significant gold producer in the region.
Average Trading Volume: 1,777,658
Current Market Cap: A$313.8M
Find detailed analytics on RXL stock on TipRanks’ Stock Analysis page.