Rox receives $350m bank syndicate funding to bring Youanmi to production

Core Viewpoint - Rox Resources has secured up to $350 million in debt facilities from a syndicate of global banks to fully fund the Youanmi gold project in Western Australia [1][2]. Group 1: Debt Facilities - The company has entered into a binding credit-approved commitment letter and term sheet with several banks, including Societe Generale, SMBC, HSBC, and Westpac, to obtain a $300 million senior secured project term loan facility, a $20 million cost overrun facility, and a $30 million bank guarantee facility [2][3]. - The debt funding process involved extensive due diligence by independent consultants, validating the project's robustness and high-margin potential [3][4]. Group 2: Project Development - The Youanmi gold project is now fully funded through to production, with a final investment decision (FID) expected later this quarter before construction activities commence [5]. - The project has a global mineral resource of 12.1 million tonnes at 5.6 grams per tonne, equating to 2.2 million ounces of gold [5]. Group 3: Operational Updates - Rox has initiated drilling for an infill and resource growth program to identify additional high-grade ounces and has secured long-lead items for plant construction with the preferred EPC contractor, MACA Interquip Mintrex [6].