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Rox Resources Limited (ASX: RXL) ('Rox' or 'the Company') is pleased to announce a maiden Inferred Mineral Resource for the Teena zinc-lead deposit, located 8 km west of the McArthur River zinc-lead mine in the Northern Territory (Figure 1).
The Teena deposit forms part of the Reward zinc-lead project, subject to an option/joint venture ('Rox-Teck JV') agreement, currently owned 49% by Rox and 51% by Teck Australia Pty Ltd ('Teck') (51%), a subsidiary of Teck Resources Limited. Teck has the option to increase its JV interest to 70% by spending up to A$15 million in total by 31 August 2018. As at 31 March 2016 Teck had spent approximately $13.85 million.
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Rox Resources Ltd
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EXPLORATION STAGE |
CODE : RXL.AX |
ISIN : AU000000RXL6 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rox Res. is a silver exploration company based in Australia. Rox Res. holds various exploration projects in Australia and in Laos. Its main exploration properties are REWARD TENEMENT and MYRTLE in Australia and PHA LUANG in Laos. Rox Res. is listed in Australia and in United States of America. Its market capitalisation is AU$ 154.5 millions as of today (US$ 104.3 millions, € 95.4 millions). Its stock quote reached its lowest recent point on April 05, 2019 at AU$ 0.01, and its highest recent level on January 28, 2022 at AU$ 0.57. Rox Res. has 1 236 280 064 shares outstanding. |