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Rox Resources Limited ( (AU:RXL) ) just unveiled an announcement.
Rox Resources Limited has announced a successful institutional placement raising approximately A$40 million to accelerate the development of its Youanmi Gold Project. This funding will enable the company to commence early works, including underground development and infrastructure setup, significantly de-risking the project’s delivery and positioning Rox Resources to leverage high gold prices for sustained shareholder value.
More about Rox Resources Limited
Rox Resources Limited is an Australian company operating in the gold mining industry. The company is focused on the development of the Youanmi Gold Project, which is recognized for its high-grade gold deposits.
See more insights into RXL stock on TipRanks’ Stock Analysis page.