Rox Resources (ASX:RXL) started underground mining operations at its Youanmi project in Western Australia, with the first decline cut fired at the United North pit, according to a Tuesday filing with the Australian bourse.
Works are underway to initiate the batch plant for fibercreting the initial sections of the decline, enabling continuous mining to begin next week, the filing said.
Shares rose 7% in afternoon trade on Monday.
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.