Rox Resources (RXL) Q4 2026 TU earnings summary

Executive summary

• Achieved full permitting for Youanmi Gold Mine after final works approval post-quarter end.

• Commenced construction of processing plant and mining at Youanmi and Pollard Declines.

• Ore stockpiling underway, with 27,702t at 3.06g/t Au at United North.

• Surface and underground drilling returned significant high-grade intercepts, expanding potential beyond current mine plan.

• Major contracts executed for plant construction, with remaining contracts for power and oxygen supply nearing completion.

Financial highlights

• Cash balance at 30 June 2026 was $152.7 million, down $47.7 million from previous quarter.

• Major cash outflows: $15.8m mine development, $22.6m property, plant & equipment, $3.9m mine production.

• Net cash used in operating activities for the quarter: $(6.5)m; investing activities: $(38.4)m.

• Estimated 23.6 quarters of funding available at current burn rate.

Outlook and guidance

• Pathway to first gold pour in mid-2027 remains on track.

• Focus on finalising remaining major contracts and building ore stockpile to 190,000t at 3.3g/t Au by mid-2027.

• Ongoing drilling and development to further de-risk and potentially expand production.