Rox progresses two projects

ROX Resources is showing progress on two fronts as it has decided to proceed with its Pha Luang Lead-Silver-Zinc joint venture in Laos and has secured a portfolio of kimberlite pipes in South Africa. The kimberlite pipes are located 30 kilo-metres from the diamond mining centre of Kimberly. The company said indicator sampling of one site has showed a high likelihood it would be diamond bearing. “We now have a few feathers in our cap- a strong portfolio of kimberlites, one with proven high quality diamonds and BEE agreements with partners who have kimberlite mining experience,” Rox managing director Ian Mulholland said. Rox is retaining the services of experienced diamond industry experts Hugh Durey and Ross Brown as consultants. Rox said its portfolio of kimberlites puts it “in a position to quickly achieve diamond production in South Africa”. The Perth-based company also announced it had just finished test drilling at its lead-zinc-silver project in Pha Luang. Drilling of the final two surface oxide types led to the company’s decision to proceed with the project. “Today’s results reinforce our belief that the intensity of surface mineralisation at Pha Luang continues to suggest enormous potential,” Mr Mulholland said. The Pha Luang project in Laos is now set for an aggressive exploration program in the dry season form December 2005 to May 2006.


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Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
thSaturn Metals0%0%
395thSanta Fe Minerals-8%-3%
567thRox Resources-33%-23%
825thRMA Energy-80%-20%
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485th-Saturn Metals$0
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