Rox Resources Board Approves Western Australia Gold Project Final Investment Decision
MT Newswires Live
Mar 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.
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.