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.