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On 17 August 2016 Rox Resources Limited (ASX:RXL) ('Rox' or 'the Company') advised that it had accepted an offer from Marindi Metals Limited ('Marindi') for the Company's interest in the Reward zinc-lead project.
Under the Earn-in and Joint Venture Agreement ('JVA') between Rox and Teck Australia Pty Ltd ('Teck') Rox is obliged to offer to sell its interest in the Reward Project to Teck on the same terms and conditions as any offer Rox intends to accept. Teck has been provided with such an offer ('Offer').
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Rox Resources Ltd
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EXPLORATION STAGE |
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CODE : RXL.AX |
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ISIN : AU000000RXL6 |
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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$ 228.7 millions as of today (US$ 149.3 millions, € 139.5 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. |