Rox Resources' (ASX:RXL) Managing Director Phillip Wilding is "wasting no time" in bringing confidence into the company with his "aggressive" approach to exploration and mine development, said Euroz Hartleys in a Monday note.
The company's recent step-drilling yielded significant intercepts including 5.72 meters at 10.9 grams per tonnes grade of gold from 285.4 meters, 9.74 meters at 6.75 g/t grade of gold from 466.8 meters, and 0.94 meters at 6.14 g/t grade of gold from 463.3 meters.
The research firm believes there could be sufficient mineralisation in these discrete lodes to link the Youanmi Main and Pollard deposits of the company which positions it well for a faster ramp-up in ounces and extensions at depth could support a 100,000 to 150,000 ounces per annum outcome in the definitive feasibility study.
Euroz Hartleys maintained its speculative buy recommendation for Rox Resources and increased the price target to AU$0.38 from AU$0.32.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。