Rox Resources Limited (RXL) Earnings Call Transcript & Summary

So with the completion of the dewatering main pit, it allowed us to get in [indiscernible]. This one goes about 550 meters below the pit to [indiscernible] below surface [indiscernible] some access to get down quicker and cheaper than it would becoming a traditional [indiscernible] that one out [indiscernible] get a new trucks down and vessel stock and had [indiscernible] this month where [indiscernible] opening these two extra [indiscernible] really important because it's just part of that plan to get into the mine. Opening up multiple work places and get [indiscernible]. They have a drill rig down which is [indiscernible] across the mine and then [indiscernible] to really look at the growth options in that resource as well potential [indiscernible] that's the key focus on the third day. Plan is to get down and access [indiscernible]. So it's been really exciting with signed up [indiscernible] on a fixed cost [indiscernible] really helps provide certainty in delivery of that [indiscernible] budgets. So far, all their major contracts with lock in pricing which is very much in line [indiscernible] few more to go [indiscernible] and again it's keep looking in line and that's really important because in particular [indiscernible] happening around the road down [indiscernible] escalations are in place. Getting these numbers locked in [indiscernible] capital to deliver this project on budget and also the schedule is currently [indiscernible] lying up well where we ask still [indiscernible] forego in the middle of 2027. Having these [indiscernible] to have multiple all sources [indiscernible] delivery, so if you got problems in one area [indiscernible] always got somewhere else she can go. Each of these levels is going to have between two and four [indiscernible] lateral level. So we're anywhere between 6 and 12 operating [indiscernible] lateral level in this operation. And when you start looking at vertical advance rates, we don't need as much per se. [indiscernible] it gives us a lot more time to drill out [indiscernible] resource base too. But again, more than any [indiscernible] it's going to allow lot more [indiscernible] it's bigger than [indiscernible] missing out and [indiscernible] by doing so.