Rox Resources (ASX:RXL) said that further underground drilling is expected to extend the mine life at the Youanmi gold project, according to a Friday filing with the Australian bourse.
The company said dewatering is progressing well at the project, and it remains on track to expose the historic main decline by the first quarter of the year, the filing said.
It also expects to produce first gold at the project by mid-2027, the filing added.
Shares of the company rose 8% in recent Friday trade.
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.