Rox Resources (RXL) Status update summary

Funding and financial position

• Secured AUD 350 million debt facility, including main debt, bank guarantees, and cost overrun facility.

• Combined with AUD 200 million equity placement and SPP, now fully funded for project delivery.

• Funding exceeds pre-production capital requirement of AUD 450 million from DFS.

Project development and milestones

• Early works, drilling, and funding are in place, moving towards production.

• Mining Development and Closure Proposal is in final stages, with FID and Works Approvals expected soon.

• Drilling and mining activities have resumed, with infill and greenfields programs underway.

• Camp construction and pit dewatering are progressing, targeting gold production by June-July 2027.

Project validation and investor confidence

• Secured financing from tier 1 banks after rigorous technical and financial scrutiny.

• No hedging requirement on debt, reflecting lender confidence in project robustness.

• Extensive review by independent technical experts and banks supports project credibility.