Rox Resources
Rox Resources Limited is a West Australian gold exploration and development company advancing its 100%-owned Youanmi Gold Project toward first gold production in mid-2027. The company will sell gold doré directly to refiners and precious metals buyers at market prices.
- Company typePublic
- Founded2019
- HeadquartersPerth, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Rox Resources does
Rox Resources Limited (ASX: RXL) is a West Australian gold exploration and development company advancing its 100%-owned Youanmi Gold Project near Mt Magnet in Western Australia toward first gold production targeted for mid-2027. The company was restructured through a 2019 joint venture with Venus Metals Corporation to acquire the Youanmi asset, and consolidated 100% ownership in March 2023. Rox Resources is currently pre-revenue, reporting negative EBITDA of approximately A$21.2 million in FY2025 as it funds pre-production development. The company has secured total funding of A$550 million through a December 2025 A$200M equity placement and a March 2026 A$350M tier-one bank debt facility, fully funding the project through to first gold pour.
The Youanmi Gold Project hosts a global mineral resource of 12.1Mt at 5.6g/t Au for 2.17Moz, with ore reserves of 674koz at 4.8g/t. The project will employ the Albion Process, a Glencore Technology licensed oxidative leaching technology, to process refractory and semi-refractory orebodies, with test work achieving gold recoveries exceeding 94%. Pre-production capital is estimated at A$383 million, with projected average production of 117koz per annum over an initial ~7-year period, targeting 817koz of gold doré over the life-of-mine. Definitive Feasibility Study economics at A$5,200/oz gold indicate a pre-tax NPV8 of A$1.4 billion, IRR of 69%, 1.6-year payback period, and all-in sustaining cost of A$1,978/oz. The company also holds the Mt Fisher-Mt Eureka Project in the Northern Goldfields region of Western Australia, an exploration asset with gold and nickel prospectivity.
Rox Resources' business model centers on direct sales of gold doré to refiners and precious metals buyers at prevailing market prices, with no intermediaries. The company is led by Managing Director and CEO Phill Wilding, operates from West Perth, and is covered by equity research from Euroz Hartleys, Ord Minnett, and Canaccord Genuity. Major shareholders include QGold (10.1%), with top 20 shareholders holding approximately 73% of the 1.39 billion shares outstanding.
Rox Resources firmographics
Firmographics- Name
- Rox Resources
- Legal name
- Rox Resources Limited
- Website
- https://roxresources.com.au
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Rox Resources Limited is a West Australian gold exploration and development company advancing its 100%-owned Youanmi Gold Project toward first gold production in mid-2027. The company will sell gold doré directly to refiners and precious metals buyers at market prices.
- Ownership category
- akta.pro rank
Rox Resources industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Support Activities for Metal Mining (213114)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Rox Resources is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Rox Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Gold Production and Sales: Rox Resources will generate revenue through gold production at the Youanmi Gold Project. The project has a production target of 817koz of gold doré over the life-of-mine, averaging 117koz per annum over an initial approx. 7 year processing period. Gold doré will be sold to refiners and precious metals buyers.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Rox Resources product offering
Product offeringCore offering
Rox Resources Limited is a West Australian-focused gold exploration and development company that owns 100% of the Youanmi Gold Project near Mt Magnet in Western Australia. The company is transitioning from explorer to producer with a global mineral resource of 12.1Mt at 5.6g/t for 2.17Moz of gold, targeting first gold pour by mid-2027. Its product is gold doré, planned for sale to refiners and precious metals buyers at prevailing market prices.
Product overview
Rox Resources is a West Australian focused gold exploration and development company operating two main projects: the Youanmi Gold Project (100% owned), their flagship high-grade gold mine development project near Mt Magnet, and the Mt Fisher-Mt Eureka Project, a gold and nickel exploration project. The Youanmi project is transitioning from development to production with first gold pour expected by mid-2027, while the Mt Fisher project remains in the exploration phase.
Differentiator
Problem solved
Functional benefit
Products and services
- Youanmi Gold Project High-grade gold mining project located near Mt Magnet in Western Australia, hosting a mineral resource of 12.1Mt at 5.6g/t for 2.17Moz of gold. The project includes both open-pit and underground mining operations, with processing infrastructure using the Albion Process for refractory ore treatment. Production target of 817koz of gold doré over the life-of-mine, averaging 117koz per annum over an initial approximately 7-year processing period.
- Mt Fisher - Mt Eureka Project Gold and nickel exploration project located in the Northern Goldfields region of Western Australia, approximately 500km northeast of Kalgoorlie, within the Mt Fisher greenstone belt which lies 40km east of the prolific Yandal greenstone belt. The project remains in the exploration phase.
Quantifiable outcome
- 817koz gold doré production over life-of-mine
- +4 more outcomes
Companies that use Rox Resources
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Rox Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Rox Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and notable.
- Glencore TechnologycoreGlencore Technology is providing its Albion Process for deployment at the Youanmi Gold Project to process refractory and semi-refractory orebodies. Test work achieved gold recoveries exceeding 94%. This positions the project as a potential industry reference point for processing complex gold deposits.
- Franco-NevadanotableFranco-Nevada acquired a 1% net smelter royalty on the Youanmi gold project for $46 million from Venus Metals. Franco-Nevada is a large royalty and streaming company with significant Australian interests.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Rox Resources competitors and assessment
Company assessmentDirect peers
- Ramelius Resources: Australian gold producer with multiple WA operations including Mt Magnet, adjacent to Rox's Youanmi project. Directly comparable single-commodity WA gold miner of similar regional focus and production profile.
- De Grey Mining: Australian gold developer advancing the Hemi Gold Project in the Pilbara, WA. Comparable as an ASX-listed pre-production gold developer with a defined resource base and similar scale development pathway.
- Genesis Minerals: Australian gold producer/developer operating in the Leonora region of WA. Comparable mid-tier WA gold miner with similar production scale targets and development profile.
- Red 5 Limited: Australian gold producer operating the King of the Hills mine in WA. Comparable mid-tier WA gold producer with similar open-pit/underground operation profile.
- Westgold Resources: Mid-tier Australian gold producer operating multiple mines in the Murchison and southern WA goldfields. Highly comparable as a WA-focused gold miner targeting ~100-200kozpa production.
- Pantoro Limited: Australian gold producer operating the Norseman Gold Project in WA. Comparable as a single-jurisdiction WA gold producer of similar scale with both processing and mining operations.
- Capricorn Metals: Australian mid-tier gold producer/developer operating the Karlawinda gold mine in WA. Comparable as a Western Australian-focused single-asset gold developer with a high-grade resource base and similar scale of operation.
- Bellevue Gold: ASX-listed gold developer developing the Bellevue Gold Project in WA. Comparable as an Australian high-grade gold developer transitioning to production with similar pre-production profile.
- Ora Banda Mining: Australian gold producer operating the Davyhurst gold project in WA. Comparable as a single-jurisdiction WA gold producer transitioning from development to steady-state production.
Broad incumbents
- Silver Lake Resources: Established mid-tier Australian gold producer operating multiple mines in WA. Comparable as a broader WA gold producer with multiple assets, providing a portfolio comparison point to Rox's single-asset profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Rox Resources social profiles
Digital presenceRox Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rox Resources leadership team
Management profileNumber of profiles
Profiles5 records
Rox Resources funding detail
Funding detailFunding overview
Funding rounds7 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rox Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rox Resources
What does Rox Resources do?
Rox Resources Limited is a West Australian-focused gold exploration and development company that owns 100% of the Youanmi Gold Project near Mt Magnet in Western Australia. The company is transitioning from explorer to producer with a global mineral resource of 12.1Mt at 5.6g/t for 2.17Moz of gold, targeting first gold pour by mid-2027. Its product is gold doré, planned for sale to refiners and precious metals buyers at prevailing market prices.
Is Rox Resources a public or private company?
Rox Resources is a public company. It is classified as public and is currently operating.
When was Rox Resources founded?
Rox Resources was founded in 2019. It employs 11 to 50 people.
Where is Rox Resources based?
Rox Resources is headquartered in Perth, Australia, in the Oceania region.
How does Rox Resources make money?
One revenue line is on record: gold Production and Sales.
Who are Rox Resources's main competitors?
Direct peers on record are Ramelius Resources, De Grey Mining, Genesis Minerals, Red 5 Limited, Westgold Resources, Pantoro Limited, Capricorn Metals, Bellevue Gold and Ora Banda Mining. Silver Lake Resources is listed as a broad incumbent.
Does Rox Resources have an API?
No public API is recorded for Rox Resources.
What industry is Rox Resources in?
Rox Resources's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.