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Rox Resources Limited

Rox Resources in ASX trading halt pending acquisition details

Shares last traded at 2.9 cents before being halted, more than double where they were one month ago.

Rox Resources Ltd - Rox Resources in ASX trading halt pending acquisition details
Information regarding the acquisition should be known by Wednesday morning

Rox Resources Ltd (ASX:RXL) has been granted an ASX trading halt pending the release of information regarding a project acquisition.

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commence of trading on Wednesday, 21 August 2019.

Rox continues to attract investor attention through its gold exploration at the Youanmi Gold Project in Western Australia where it has a joint venture with Venus Metals Corporation Ltd (ASX:VMC).

Youanmi already hosts a 1.19 million ounce JORC gold resource which has significant potential to be expanded further.

The AUD gold price recently trading at all-time highs positions Rox favourably going forward.

 

Quick facts: Rox Resources Limited

Price: $0.03

Market: ASX
Market Cap: $33.57 m
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Rox Resources continues drilling at Youanmi Gold Project

Rox Resources (ASX:RXL) chief executive officer Alex Passmore updates Proactive Investors on progress at the Youanmi Gold Project in WA. Passmore says the company, which has been drilling at the project for the last couple of weeks, is set to continue drilling until September. “The Youanmi...

on 13/8/19

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