$3.7 Billion free cash flow at $7,000/oz gold

AUD spot price of gold is 7,208.25.

The Youanmi Gold project demonstrates strong resilience with a free cash flow of approximately $2.3 billion pre-tax at the base case gold price of $5,200/oz.

This increases to $3.7 billion at spot prices of $7,000/oz.

At $8000/oz Rox has a free cash flow of well over $4 Billion at spot.

The expected increase in gold from the near term exploration campaign could dramatically increase that free cash flow.

RXL has a current market cap of just $680m and will be in production mid next year.

The market has not yet grasped the impact of the price of gold on Rox's value.

But this will happen soon and Rox investors will be richly rewarded.

Key Financial Highlights:

Pre-tax NPV: $2.4 billion at spot gold price of $7,000/oz

Pre-tax IRR: 102% at spot gold price

Post-tax IRR: 81% at spot gold price

All-In Sustaining Cost (AISC): $1,978/oz