Rox Resources Aims for 150,000 Ounces Annual Gold Output at Youanmi, Reveals Expansion Plan at Noosa Mining Conference

Youanmi Project Positioned as Rox Resources’ Core Growth Driver

Rox Resources has designated the Youanmi gold project as the centerpiece of its operational growth strategy, aiming to unlock significant production potential from this asset. Transitioning from exploration to production-scale operations, Youanmi offers a substantial opportunity to generate meaningful revenue streams. The company’s presentation at the Noosa Mining Conference underscores management’s commitment to advancing the project through its development phases and capitalizing on the mineralisation identified across the site.

This strategic focus on Youanmi reflects Rox Resources’ confidence in the project’s geological prospects and economic viability. By publicly declaring a target of 150,000 ounces per annum at a major industry event, the company signals its medium- to long-term vision to investors and stakeholders. This transparency marks a key milestone in communicating production ambitions and allows investors to evaluate management’s confidence in project execution and future cash flow potential.

Robust Resource Base Underpins Production Targets

The production guidance for Youanmi is founded on a well-defined mineral resource base, with approximately 80% classified as Indicated Mineral Resources and 20% as Inferred Mineral Resources over the mine life. This resource composition provides investors with a reasonable level of geological confidence regarding resource availability throughout operations and aligns with standard industry practices for feasibility-stage projects. It also reflects extensive exploration and resource definition efforts undertaken by Rox Resources.

For the initial four years of mining, production targets are weighted heavily towards higher-confidence resources, with about 89% Indicated and 11% Inferred Mineral Resources. This near-term focus on Indicated Resources enhances geological certainty, which is critical for project financing and cash flow forecasting. Over the full mine life, production targets include 20% Inferred Resources, 5% Indicated Resources outside the Reserve, and 75% supported by Probable Ore Reserves, illustrating a balanced resource scheduling approach.

Resource Classification and Geological Confidence in Development Plan

Rox Resources has provided detailed disclosures on the geological confidence levels supporting its production targets, reflecting industry best practices. The majority of near-term production is derived from higher-confidence resource categories, while longer-term outputs incorporate a greater proportion of Inferred Resources. This tiered resource approach is typical for feasibility-stage mining projects, prioritizing near-term cash flow reliability while allowing for resource expansion as further geological data becomes available.

The company’s disclaimers acknowledge that Inferred Mineral Resources carry lower geological confidence and that there is no guarantee further exploration will upgrade these to Indicated Resources or that the production targets will be achieved. This caution highlights the inherent uncertainties in resource estimation and the transition from resources to mineable reserves. Investors should carefully consider these risks when assessing the reliability of production forecasts and the company’s ability to meet its targets.

Detailed Feasibility Study Supports 150,000 Ounce Annual Target

Rox Resources’ production and growth targets are based on a comprehensive detailed feasibility study (DFS) that evaluates the Youanmi project’s technical and economic parameters. The company utilizes Non-IFRS financial metrics such as net present value (NPV) and internal rate of return (IRR) to assess project viability—common industry measures though not recognised under International Financial Reporting Standards. These metrics guide strategic planning and production goal setting for Youanmi.

The company emphasizes that these Non-IFRS financial measures should not be viewed in isolation or as substitutes for IFRS-compliant performance or cash flow metrics. Given the lack of standardised definitions for these measures, investors are advised to perform independent analyses and exercise caution. This transparency reflects Rox Resources’ understanding of the limitations inherent in feasibility-stage economic modelling and underscores the importance of thorough due diligence.

Forward-Looking Statements and Associated Risks

The Noosa Mining Conference presentation contains forward-looking statements concerning production targets, project timelines, and financial outcomes, all subject to risks and uncertainties beyond the company’s control. Terms such as "planned," "expected," "projected," and "intends" indicate predictions that may not materialize. Actual results could differ materially, and investors should not place undue reliance on these forecasts.

Rox Resources notes that forward-looking statements are current as of the presentation date and, subject to legal and ASX Listing Rule obligations, the company does not commit to updating these statements if circumstances change. This standard disclaimer reflects the dynamic nature of mining projects, commodity markets, and regulatory environments. Investors should stay informed through company updates regarding any material changes to development plans or resource estimates.

Competent Person Verification Ensures Geological Integrity

The exploration and resource data have been compiled and reviewed by Jonathan Streeter, a Competent Person and Fellow of the Australian Institute of Geoscientists (AIG), who serves as Rox Resources’ General Manager of Geology. His involvement provides independent verification of the geological foundation underpinning production targets and resource estimates, ensuring compliance with ASX Listing Rules and the JORC Code standards.

Jonathan Streeter’s disclosure of holding performance rights in Rox Resources adds transparency regarding potential conflicts of interest. While such incentives align management and shareholder interests, investors should consider this when evaluating the independence of geological assessments. The engagement of a qualified Competent Person offers professional oversight of resource definition activities at Youanmi.

Disclaimer: Not Investment Advice and Risk Considerations

Rox Resources clarifies that the presentation does not constitute investment advice and was prepared without considering individual investment objectives or financial circumstances. Any opinions or recommendations are not tailored investment advice, and recipients should seek professional financial counsel before investing in Rox Resources. This standard caution reflects the speculative nature and risks inherent in mineral exploration and development companies.

All securities investments carry risks including market volatility, financial, and political factors. Rox Resources disclaims liability for losses arising from reliance on the presentation’s information. Investors are encouraged to conduct independent research and review Rox Resources’ other ASX disclosures alongside this presentation to fully assess the company’s prospects.

Industry Context and Strategic Timing of Youanmi Development

The goal of producing 150,000 ounces annually at Youanmi aligns with broader gold industry trends emphasizing consolidation of mid-tier assets and optimisation of mineral resources to sustain cash flows. The gold sector has seen increased capital deployment toward advancing feasibility-stage projects amid strong gold prices and investor demand for established precious metals producers. Rox Resources’ detailed growth presentation at the Noosa Mining Conference situates Youanmi within global gold supply dynamics and highlights its appeal as a quality asset in a jurisdiction with established mining infrastructure and regulatory frameworks.

Presenting at the July 2026 Noosa Mining Conference enabled Rox Resources to engage institutional investors, industry peers, and stakeholders directly, sharing comprehensive technical and economic insights on Youanmi’s development. This high-profile platform demonstrates management’s commitment to transparent communication and reflects the project’s progression to a stage warranting detailed public disclosure of production targets and development plans.

Risks and Uncertainties Impacting Youanmi Production Outlook

Investors should carefully evaluate risks that may affect the achievement of Youanmi’s production targets and Rox Resources’ ability to deliver 150,000 ounces annually. Geological uncertainty inherent in mineral resource estimation remains significant, particularly concerning Inferred Resources, which may not convert to Indicated Resources or support the production target. Regulatory changes, environmental constraints, commodity price fluctuations, and operational challenges could also impact project feasibility and timelines.

Additional risks include financing challenges related to capital requirements for development and construction, operational risks in meeting design production rates, and exposure to gold price volatility affecting project economics and cash flows. As the company’s valuation and shareholder returns depend heavily on realising production targets, any material adjustments to resource estimates, mine design, or project delays could materially affect share price performance. Investors should monitor ongoing company disclosures for progress updates and any significant changes to project parameters.