On March 2 Passmore acquired 4 million shares in an indirect interest and now holds a total of 36 million shares in the WA-based explorer, with 32 million held in a direct interest.
Rox has a 50:50 joint venture with Venus Metals Corporation Limited (ASX:VMC) covering the Youanmi Gold Project and manages this operation.
It also has a JV with Cullen Resources Limited (ASX:CUL) over the Mt Eureka Gold-Nickel Project and holds 100% of the Mt Fisher project which is prospective for gold and nickel.
Resource estimate for Grace
The company plans to start a gold resource estimate this month at Grace prospect within the Youanmi JV, which hosts a JORC 2012-compliant resource estimate of 12.4 million tonnes at 2.97 g/t gold for 1.19 million ounces.
Drilling programs at Youanmi are ongoing, with assays on samples from the 6,500 metres of drilling at the Grace prospect expected soon.
Rox is also set to begin fieldwork targeting gold and nickel at Mt Fisher and at the Mt Eureka JV.
At the former, a field camp has been established on-site with initial work to comprise VTEM surveying in the northern and southern-most parts of the tenement package, aircore drilling of previously identified EM anomalies, as well as RC drilling of new targets identified from EM and structural geological reviews.
Fieldwork targeting gold and nickel is also underway at Mt Eureka.
Last year the company entered a binding terms sheet with Cullen Resources allowing it to earn up to a 75% interest in the 290 square kilometre tenement package bordering the Mt Fisher project.