Rox Resources Limited says Byrnecut Australia has been appointed the underground mining contractor for the development of its 100%-owned Youanmi gold project in Western Australia.
The two-part underground mining contract was awarded to Byrnecut following an extensive and competitive tender process.
Part A will focus on the development of the planned exploration decline and drill platform for United North, with the first drill platform to be completed by July 2026. This initial phase of work includes mobilisation, site set up, and an initial 820 m exploration decline development over a five-month period. Valued at circa-A$10.8 million ($7.2 million), Part A is fully funded from the company’s existing cash reserves.
Part B will commence upon a positive financial investment decision (FID), which is expected in the March quarter of 2026, and will enable development of the Pollard Decline and refurbishment of the Youanmi Decline, along with continual development and production activities, for a combined term of four years.
Youanmi hosts a global mineral resource of 12.1 Mt at 5.6g/t for 2.2 Moz of gold.
Managing Director & CEO, Phill Wilding, said: “The appointment of Byrnecut as our underground mining contractor is another major milestone for Rox as we
steadily advance our pathway to production for the Youanmi Gold Project.
“The development of the initial exploration decline at United North is a key component to de-risking the startup of Youanmi and establishing ourselves underground to commence drilling post-FID as we aim to further define and grow our mine plan.
“With initial approvals for clearing completed and approval of our mining proposal due in coming weeks, it is an exciting time for the team as we prepare to develop this high-grade underground asset.
“With delivery of the definitive feasibility study due in November this year, we are on track to realising our potential as Western Australia’s next gold producer of scale and grade.”
