According to Mining Technology, the board of gold exploration and development company Rox Resources has approved the final investment decision for its fully owned Youanmi Gold Project in Western Australia. This decision follows the approval of an amendment to the Mine Development and Closure Proposal from the Department of Mines, Petroleum and Exploration. With this endorsement, construction will start immediately on a processing plant, a tailings storage facility, and a power station that includes a solar array. The company will also redesign the existing West Main Waste Rock Dump to serve as a new run-of-mine facility. Rox Resources will commence bulk earthworks and award contracts for a power station and oxygen plant under a build-own-operate model. Early site works have already begun, involving long lead items and the ongoing construction of an accommodation facility. The company submitted a Works Approval in January 2026, which remains on schedule for approval in the second quarter of the calendar year. Rox Resources expects to complete financial closure and draw down initial debt during the quarter ending September 2026, keeping the project aligned with its timeline toward production commencement. The company stated that the project is now fully funded through to production. Over the coming months, work will focus on achieving financial close while increasing on-site construction activity, with a pathway toward a first gold pour by mid-2027. Please mention the Source:Â https://www.indexbox.io/blog/rox-resources-approves-final-investment-decision-for-youanmi-gold-project/
