Rox Resources Board Approves Western Australia Gold Project Final Investment Decision

MT Newswires Live
03/17

Rox Resources (ASX:RXL) said its board approved the final investment decision for its Youanmi gold project in Western Australia, according to a Tuesday Australian bourse filing.

The company will commence bulk earthworks and issue contracts for the power station and oxygen plant on a build-own-operate basis.

The decision came after it secured the mining development and closure proposal amendment approval from the Department of Mines, Petroleum, and Exploration. A subsequent works approval lodged in January is on track for approval during the June quarter.

The company's shares were up 2% in recent Tuesday trade.

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