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Arafura Resources

Publié le 25 novembre 2015

RXL: Drilling to Commence at Bonya

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Mots clés associés :   Bismuth | Copper | K Street | Nickel | Zinc |

RXL: Drilling to Commence at Bonya



Rox Resources Limited ASX: RXL


Level 1

30 Richardson Street WEST PERTH WA 6005

PO Box 1167

West Perth WA 6872

Ph: (61 8) 9226 0044

Fax: (61 8) 9322 6254


[email protected]



ABN: 53 107 202 602


Mt Fisher: nickel-gold (100%)

Reward: zinc-lead (49%)

Bonya: copper-silver (earning up to 70%)


  • Drilling planned at a number of high priority copper targets

  • Follow-up to previous drilling that intersected high grade copper over substantial widths

Rox Resources Limited (ASX: RXL) ('Rox' or 'the Company') is pleased to advise that an RC drilling program will shortly commence at the Bonya copper project, located 350km east of Alice Springs in the Northern Territory.

Drilling in the latter half of 2014 (ASX:RXL 20 October 2014, 5

November 2014, 1 December 2014) intersected high-grade massive copper sulphide mineralisation in a number of drill holes at the Bonya Mine prospect (Figures 1 & 2). These results included:

BYRC008: 11m @ 4.4% Cu from 30m BYRC009: 38m @ 4.4% Cu from 60m BYRC012: 9m @ 3.8% Cu from 97m BYRC014: 8m @ 7.6% Cu from 60m, and

13m @ 5.4% Cu from 111m BYRC015: 9m @ 2.8% Cu from 100m BYRC018: 5m @ 9.1% Cu from 109m, and

11m @ 3.9% Cu from 121m

Due to the Company's other commitments at the Fisher East nickel sulphide project, these high grade intersections were not able to be followed up immediately.

In addition to the Bonya Mine prospect, strong targets will be tested at the Green Hoard and Fat Cow prospects where surface rock chip sampling (ASX:RXL 11 December 2012) has identified outcropping copper oxide mineralisation over >200m strike lengths with grades up to 32.9% Cu and 50.9 g/t Ag. These grades can be compared with the surface sampling at the Bonya Mine prospect of 30.7% Cu and

34.1 g/t Ag.

Rox Managing Director, Mr Ian Mulholland said 'We're excited to be starting this drilling now. The high grade zone of massive copper



25 November 2015

sulphide mineralisation discovered at Bonya is a significant new discovery as it was in an area where no drilling had previously been undertaken. Similarly no drilling has been undertaken at Green Hoard or Fat Cow.'

Rox has a 51% interest in the Bonya tenement (ASX:RXL 16 December 2014) in joint venture with Arafura Resources Limited (49%) and has elected to increase its interest to 70% by expenditure of $1,000,000 by December 2016.


For more information:

Shareholders Media

Ian Mulholland Tony Dawe / Luke Sizer

Managing Director Professional Public Relations

Tel: +61 8 9226 0044 Tel: + 61 8 9388 0944

[email protected] [email protected] / [email protected]

Figure 1: Bonya project tenements showing prospect locations

- 2 -


25 November 2015

Figure 2: Bonya Mine Prospect Cross Section

- 3 -


25 November 2015

About Rox Resources

Rox Resources Limited is an emerging Australian minerals exploration company. The company has three key assets at various levels of development with exposure to gold, nickel, zinc, lead, and copper, including the Mt Fisher Gold Project (WA), Myrtle/Reward Zinc-Lead Project (NT), and the Bonya Copper Project (NT).

Mt Fisher Gold-Nickel Project (100% + Option to Purchase)

The Mt Fisher gold project is located in the highly prospective North Eastern Goldfields region of Western Australia and in addition to being well endowed with gold the project hosts strong nickel potential. The total project area is 675km2, consisting of a 600km2 area 100% owned by Rox and an Option to purchase 100% of a further 75km2 of nickel and gold prospective ground.

Discovery of, and drilling at the Camelwood and Musket nickel prospects has defined a JORC 2012 Mineral Resource (ASX:RXL 9 October 2013 and 4 September 2014) of 3.6Mt grading 2.0% Ni reported at 1.0% Ni cut-off (Indicated Mineral Resource: 1.8Mt grading 2.2% Ni, Inferred Mineral Resource: 1.9Mt grading 1.8% Ni) comprising massive and disseminated nickel sulphide mineralisation, and containing 72,100 tonnes of nickel. Higher grade mineralisation is present in both deposits (refer to ASX announcements above), and is still open at depth beneath each deposit. Additional nickel sulphide deposits continue to be discovered (e.g. Cannonball, Sabre) and these will add to the resource base. Exploration is continuing to define further zones of potential nickel sulphide mineralisation.

Drilling by Rox has also defined numerous high-grade gold targets and a JORC 2004 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 10 February 2012) of 973,000 tonnes grading 2.75 g/t Au reported at a 0.8 g/tAu cut-off exists for 86,000 ounces of gold (Measured: 171,900 tonnes grading 4.11 g/t Au, Indicated: 204,900 tonnes grading 2.82 g/t Au, Inferred: 596,200 tonnes grading 2.34 g/t Au) aggregated over the Damsel, Moray Reef and Mt Fisher deposits.

Reward Zinc-Lead Project (49% + Farm-out Agreement diluting to 30%)

Rox has signed an Earn-In and Joint Venture Agreement with Teck Australia Pty Ltd. ('Teck') to explore its highly prospective 670km2 Myrtle/Reward zinc-lead tenements, located 700km south-east of Darwin, Northern Territory, adjacent to the McArthur River zinc-lead mine.

The first deposit explored, Myrtle, has a current JORC 2004 zinc-lead Mineral Resource (ASX:RXL 15 March 2010) of 43.6 Mt @ 5.04% Zn+Pb reported at a 3.0% Zn+Pb cut-off (Indicated: 5.8 Mt @ 3.56% Zn, 0.90% Pb; Inferred: 37.8 Mt @ 4.17% Zn, 0.95% Pb).

Drilling at the Teena zinc-lead prospect includes intersections of 38.8m @ 16.9% Zn+Pb, 26.4m @ 13.3% Zn+Pb, and 20.1m @ 15.0% Zn+Pb, and together with historic drilling has defined significant new high grade zinc-lead mineralisation over a strike length of at least 1.9km (ASX:RXL 5 August 2013, 26 August 2013, 18 September 2013, 11 October 2013, 27 October 2014, 10 November 2014, 15 December 2014, 29 September 2015). Teena is the most significant new discovery of zinc in Australia since Century in 1990.

Under the terms of the Agreement, Teck has earned a 51% interest, with Rox holding the remaining 49%. Teck has elected to earn a further 19% (for 70% in total) by spending an additional A$10m by 31 August 2018 (ASX:RXL 21 August 2013).

Bonya Copper Project (51% + Farm-in Agreement to earn up to 70%)

Rox (51%) is exploring the Bonya Copper Project located 350km east of Alice Springs, Northern Territory, in joint venture with Arafura Resources Limited (49%) (ASX:ARU). Outcrops of visible copper grading up to 34% Cu and 27 g/t Ag are present, with the style of mineralisation similar to the adjacent Jervois copper deposits (see ASX:KGL). Drill testing has intersected visible copper mineralisation at three prospects, with massive copper sulphides intersected at the Bonya Mine prospect, including 38m @ 4.4% Cu and 11m @ 4.4% Cu (ASX:RXL 20 October 2014, 5 November 2014, 1 December 2014).

Under the Farm-in Agreement Rox has earned a 51% interest in the copper, lead, zinc, silver, gold, bismuth and PGE mineral rights at Bonya after spending $500,000 (ASX:RXL 16 December 2014). Rox has elected to earn a further 19% (for 70% in total) by spending a further $1 million by 10 December 2016.

Competent Person Statement:

The information in this report that relates to exploration results is cross referenced to the date originally reported to the ASX. Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcements.

- 4 -

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Arafura Resources

ISIN : AU000000ARU5
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Arafura Res. est une société d’exploration minière d'or et de nickel basée en Australie.

Arafura Res. est en développement de projets d'or, de nickel, de rare earth et d'uranium en Australie, et détient divers projets d'exploration en Australie.

Son principal projet en développement est NOLANS BORE en Australie et ses principaux projets en exploration sont AILERON / REYNOLDS RANGE, JERVOIS, KURINELLI, MT PORTER / FRANCES CREEK et HAMMER HILL en Australie.

Arafura Res. est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 159,7 millions AU$ (115,3 millions US$, 101,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 20 avril 2007 à 2,16 AU$, et son plus bas niveau récent le 19 décembre 2014 à 0,04 AU$.

Arafura Res. possède 546 900 032 actions en circulation.

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Présentations des Compagnies de Arafura Resources
20/05/2008The Nolans Project
Nominations de Arafura Resources
08/12/2008today - Appointment of Chairman - Mr. Ian Laurance
Projets de Arafura Resources
01/12/2010(Nolans Bore)Presentation of the Nolans Project
12/11/2008(Nolans Bore)Nolans Resource Upgrade
05/08/2008(Nolans Bore)New Mineralization at Nolans returns outstanding assays.
04/07/2008(Hammer Hill)Hammer Hill update 040708
20/05/2008(Hammer Hill)Sulphine mineralisation intersected in early drilling
Communiqués de Presse de Arafura Resources
14/07/2016Response to ASX Price Query
28/06/2016BRR Webcast - Nolans Review and Major Improvements
20/06/2016AHK: Progress Report
25/05/2016Webcast Nolans OPEX and EIS Update
23/05/2016Nolans Environmental Approvals Update
08/01/2016RE Separation MOU Executed with OCI
23/12/2015$3.0 Million R&D Tax Refund Received
25/11/2015RXL: Drilling to Commence at Bonya
19/11/2015Chairman's Address 2015 AGM
19/11/2015AGM 2015 Presentation
29/10/2015Increase Nolans Project Mineral Resources
27/10/2015Quarterly Activities & Cashflow Report
09/10/2015Notice of Annual General Meeting/Proxy Form
06/10/20152015 Annual Financial Report
22/09/2015FWL: Deed of Cancellation
17/09/2015Annual Report to shareholders
17/09/2015Appendix 4G - Corporate Governance
27/07/2015AHK: Frances Creek MMP Approved
27/07/2015Quarterly Activities & Cashflow Report
03/03/2015Initial Director's Interest Notice
18/02/2015Half Year Accounts
16/02/2015Change of Share Registry Notification
05/11/2014Letter to Shareholders
30/10/2014Quarterly Activities and Cashflow Report
30/10/2014FWL: 51% of Arafura Iron Pty Ltd Secured
23/10/2014NT Major Projects Presentation
20/10/2014RXL: Exceptional Copper Assays From Bonya Mine Drilling
25/11/2013BRR Webcast- Arafura AGM
08/11/2013Mulga Drilling Results
31/07/2009Quarterly Report
15/06/2009Settlement of Chinese Share Subscription List
29/05/2009FIRB Approval for Nolans Project
19/02/2009Strategic Investment in Arafura Resources Ltd
26/08/2008Incitec Heads of Agreement
16/05/2008Phosphate Project Recoveries
28/04/2008Releases Flotation Demonstration Results
09/07/2007Releases Outstanding REO and Uranium Results
19/03/2007Nu Power lists at 300% Premium
14/03/2007releases Nolans Phosphate Test Work
01/03/2007releases Lagoon Creek Results for March 2007.
16/02/2007Results of General Meeting
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