Rox Resources (ASX:RXL) said it is "on track" to release a definitive feasibility study and start early mining works at its Youanmi Gold project in Western Australia in November, according to a Monday filing with the Australian bourse.
The company will also finalize approvals for the project in the coming quarter, the filing said.
The company had a cash balance of AU$43.7 million as of Sept. 30 and is in the process of financing its debt, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.