Can Rox Resources (ASX:RXL) Extend the Youanmi Gold System with Its Latest Deep Drilling Results?

Sonal Goyal

05 November 2026 06:37 PM AEDT

Can Rox Resources (ASX:RXL) Extend the Youanmi Gold System with Its Latest Deep Drilling Results?

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

• Rox Resources reported 4.87m at 15.13g/t Au from 584.13m including 1.78m at 32.98g/t Au from 586.12m from the first growth step-out hole at United North

• The updated Youanmi Mineral Resource stands at 12.4Mt at 5.5g/t Au for 2,195koz, released in September 2026

• Results confirm down-plunge continuity of the main and hanging-wall lodes approximately 25m below the current resource boundary

• Rox Resources is targeting first gold from Youanmi by mid-2027 with an aspiration to reach 150,000oz per annum production

Rox Resources Limited (ASX:RXL), a Western Australian gold development company, provided an update on 5 November 2026 from its resource conversion and growth drilling program at the 100%-owned Youanmi Gold Mine. The results represent the first assays from a surface diamond drilling campaign designed to support mine life extension and production growth.

First Growth Drilling Results

The headline intercept came from hole RXDD241, the first step-out hole targeting resource growth below the existing United North resource. The hole returned 4.87m at 15.13g/t Au from 584.13m, including 1.78m at 32.98g/t Au from 586.12m. The mineralised lodes encountered comprise the characteristic Youanmi-style main lode shear lithology observed within the existing resource, confirming the down-plunge continuity of the main and hanging-wall lodes approximately 25m below the current resource boundary and 50m below the deepest drill intercept in the existing resource.

In the resource conversion area, hole RXDD240 returned 3.16m at 3.78g/t Au from 448.20m, confirming that both lode thickness and mineralisation continuity are maintained within the targeted Inferred Resource area. Six surface diamond drill holes have been completed to date targeting the resource conversion and growth areas at United North, with three holes in the conversion area and three in the growth target area.

Updated Mineral Resource and Mine Plan

The drilling follows the September 2026 release of an updated Youanmi Mineral Resource Estimate of 12.4Mt at 5.5g/t Au for 2,195koz. The current drilling program is structured around three objectives: converting Inferred Resources to Indicated status to support future Ore Reserve growth, defining additional mineralisation within and around the existing resource, and testing extensions beneath United North to support long-term mine life aspirations.

During the first half of calendar year 2026, exploration and resource definition work focused on improving the understanding of the structural deformation history of the mine and its relationship to gold mineralisation processes. Surface diamond drilling is ongoing and is expected to continue into early calendar year 2027, with underground drilling operations progressing in parallel.

Path to Production

Managing Director and CEO Phill Wilding noted that returning grades of this calibre in the first step-out hole is particularly encouraging and reinforces the potential the company sees at depth. Rox Resources is working toward first gold from the Youanmi Gold Mine by mid-2027 and has set an aspirational target of becoming a 150,000oz per annum producer. Should subsequent drilling continue to support the geological interpretation, the company indicated it will commence evaluating opportunities to increase production rates and further extend the mine life.

Assay results from the remaining four drill holes completed to date are expected before the end of 2026. Further drilling targeting resource growth and plunge exploration areas is ongoing, with results informing the design of subsequent drilling campaigns.

The Wider Perspective

Rox Resources' first growth drilling results at Youanmi return high-grade intercepts in the expected structural position, which is a meaningful data point for the company's mine development timeline. The 2,195koz resource provides the foundation, while the growth drilling aims to add ounces that could extend mine life beyond current plans. The coming months, as additional assays arrive and further drilling progresses, will determine whether the United North system can sustain the grade and continuity needed to support the company's production aspirations.

FAQs

Q: What was the best drill result from Rox Resources' latest program?

A: The highlight was 4.87m at 15.13g/t Au from 584.13m, including 1.78m at 32.98g/t Au from 586.12m, from hole RXDD241.

Q: What is the current Youanmi Mineral Resource?

A: The updated Mineral Resource Estimate, released in September 2026, stands at 12.4Mt at 5.5g/t Au for 2,195koz.

Q: When does Rox Resources expect first gold from Youanmi?

A: The company is targeting first gold from the Youanmi Gold Mine by mid-2027.

Q: What is Rox Resources' production aspiration?

A: Rox Resources has an aspirational target of becoming a 150,000oz per annum gold producer.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.