By Digifin Pty Ltd · About this coverage
Key Points
- Financial Close on A$350m Debt Facilities; Youanmi said fully funded to production
- First A$90.2m drawdown under A$300m Senior Secured Project Term Loan
- A$4m first use of Bank Guarantee Facility for LNG Facility construction and operation
- A$229.8m remains available under Project Debt and Cost Overrun facilities
About Rox Resources (ASX:RXL)
Rox Resources Limited is an ASX-listed gold development company based in West Perth. Its principal project is the Youanmi Gold Mine in Western Australia, which it is advancing through construction toward production.
Rox Resources (ASX:RXL) achieved Financial Close on its A$350 million Debt Facilities and completed initial utilisation, saying the Youanmi Gold Mine remains fully funded to production.
The company received a first drawdown of A$90.2 million under the A$300 million Senior Secured Project Term Loan Facility and first utilisation of A$4 million under the Bank Guarantee Facility to support construction and operation of the LNG Facility. All conditions precedent to Financial Close and initial utilisation were satisfied. Facilities were documented under the Syndicated Facility Agreement announced on 7 April 2026 with a syndicate of Tier-1 Australian and international banks. Initial Project Debt proceeds will fund ongoing Youanmi development and construction, including EPC, procurement, underground mine development, infrastructure, owner costs and general project spend. After initial utilisation, A$229.8 million remains available under the Project Debt Facility and Cost Overrun Facility. Further drawdowns are expected progressively with the approved schedule. The release targets first gold in mid-2027 but does not restate full facility pricing.
Source: Rox Resources Limited (ASX:RXL), 5 October 2026. Summary content supplied by Digifin Pty Ltd.
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