Rox Sources Restricted says Byrnecut Australia has been appointed the underground mining contractor for the event of its 100%-owned Youanmi gold challenge in Western Australia.
The 2-part underground mining contract was awarded to Byrnecut following an intensive and aggressive tender course of.
Half A will concentrate on the event of the deliberate exploration decline and drill platform for United North, with the primary drill platform to be accomplished by July 2026. This preliminary section of labor consists of mobilisation, website arrange, and an preliminary 820 m exploration decline growth over a five-month interval. Valued at circa-A$10.8 million ($7.2 million), Half A is absolutely funded from the corporate’s current money reserves.
Half B will start upon a constructive monetary funding determination (FID), which is predicted within the March quarter of 2026, and can allow growth of the Pollard Decline and refurbishment of the Youanmi Decline, together with continuous growth and manufacturing actions, for a mixed time period of 4 years.
Youanmi hosts a worldwide mineral useful resource of 12.1 Mt at 5.6g/t for two.2 Moz of gold.
Managing Director & CEO, Phill Wilding, mentioned: “The appointment of Byrnecut as our underground mining contractor is one other main milestone for Rox as we
steadily advance our pathway to manufacturing for the Youanmi Gold Venture.
“The event of the preliminary exploration decline at United North is a key element to de-risking the startup of Youanmi and establishing ourselves underground to start drilling post-FID as we purpose to additional outline and develop our mine plan.
“With preliminary approvals for clearing accomplished and approval of our mining proposal due in coming weeks, it’s an thrilling time for the workforce as we put together to develop this high-grade underground asset.
“With supply of the definitive feasibility research due in November this 12 months, we’re on observe to realising our potential as Western Australia’s subsequent gold producer of scale and grade.”
