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RXL - Rox Resources

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rio converted its per tonne lump sum payment at decision to mine time for 8.4% shareholding in rox, saving rox money and getting rio onboard as largest shareholder - ann'd yesterday (rio thru north)
 
up over 40 % again today blue sky ahead....hopefully be over 10 cents before weeks end.
 
well did take it long got over 10 cents today but does it have enough steam left to rocket towards 20 cents....time will tell...
 
Rox acquires Marqua project tenements with known phosphate occurrences along a 20km strike length. Large tenement holding of more than 2,400km².
Surface sampling has recorded outcrop samples up to 39.4% P2O5.

Drilling has recorded high grade intercepts, including:

2m @ 45.8% P2O5
5m @ 23.7% P2O5
6m @ 19.9% P2O5
3m @ 25.1% P2O5
2m @ 33.5% P2O5

Potentially new phosphate area within major Australian hard rock phosphate province, Georgina Basin.

This story is getting bigger by the day. Anyone out there following this one. Hopefully the next leg up towards that 20 cents is not to far off.. Share the love I say.
 
damn finance director Brett Dickson sold 6 mill share price plunged i got hit on the way down but still made a profit. Hopefully will consolidate this week and start to move north again
 
Yeah i can see this heading north again soon

Short to medium term news flow:

- release of forward exploration plan with Teck resources
- drilling of high grade targets
- increases to jorc resource

With a world class sedex deposit only 17km south west of Mc Arthur river, and two majors on board (Rio and Tech resources the 2nd largest producer of Zn in world) this will only stay at 7 cents for so long. These types of SEDEX deposits don't come along often.

You will be thanking Dickson for giving you a chance to top up.

This is just my interpretation, DYOR.

http://www.roxresources.com.au/aurora/assets/user_content/Rox Presentation November 2010(2).pdf
 
Cant be much longer before we get sign off on the Teck resources deal and an exploration plan announcement. news fow should increas elate Feb / March imo.

Might see some SP movement shortly hopefully.
 
Intended to add this chart but forgot, sorry. Chart shows some increase in volume with today looking ok on volume also so share price may have some legs in the next month or 2.
 

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Another nice ann today about acquiring Mt Fisher Gold prospects from Avoca Resources. Gold and Nickle. IM is really making Rox a diversified company. I liked the news but would really like to see the Teck deal signed and Myrtle drilled. Once this is done the SP will climb slowly but surely.
 
Just jumped on board with this mob. They seem to have a good diverse portfolio with some promising prospects - try saying that quickly after a few coldies.
Anyway, I'm in for the long haul so will watch with interest.
 
Rox has announced drilling at its Myrtle prospect commenced June 20.
http://www.asx.com.au/asxpdf/20120622/pdf/426zl4c08zmsc2.pdf

From the announcement.
Rox has identified a SEDEX style deposit at the Myrtle prospect, where a JORC compliant Indicated and Inferred Mineral Resource of 43.6 million tonnes grading 4.09% zinc and 0.95% lead has been delineated (Indicated: 5.8 million tonnes grading 3.56% zinc and 0.90% lead, Inferred: 37.8 million tonnes grading 4.17% zinc and 0.95% lead).
Teck Australia Pty Ltd. (“Teck”) may earn an initial 51% interest in the project by expenditure of $5 million by July 2014, and can earn up to a 70% interest through the expenditure of $15 million by July 2018. Teck is operator of the project while it is sole contributing to expenditure.

I don't know anything about this company, any watchers out there that can provide more info?
 
A great opportunity to sell?

Even the established nickel producers are struggling to break even at today's Ni prices!

 
Nice close!!










Disclosure: I do not hold!
 

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burglar said:
Hi Springhill,

Did you miss the excitement?

RXL ROX RESOURCES LIMITED
and also
DRK - Drake Resources- Significant New Discovery at Granmuren Sweden :
Click to expand...

Hi mate, I did see the above mentioned shares. Unfortunately ATM all the time I have is to be able to log in and do a quick scan of the threads. No time for posts with any detail at this point, hopefully that will change in the near future but am keeping abreast of things on ASF as much as I can.

Well done to those that have/had an interest.
 
Announcement due any time now...Will we see this pushing above 8 cents?
 
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